Sands Capital Management LLC Acquires Shares of 621,684 Carpenter Technology Corporation $CRS

Posted by Stanley Muller on Jun 15th, 2026

Sands Capital Management LLC acquired a new stake in Carpenter Technology Corporation (NYSE:CRS – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 621,684 shares of the basic materials company’s stock, valued at approximately $195,731,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRS. Norges Bank acquired a new stake in Carpenter Technology in the 4th quarter valued at about $195,254,000. Aspex Management HK Ltd acquired a new stake in Carpenter Technology in the 3rd quarter valued at about $136,215,000. TOMS Capital Investment Management LP acquired a new stake in Carpenter Technology in the 2nd quarter valued at about $106,683,000. UBS Group AG increased its position in Carpenter Technology by 171.2% in the 4th quarter. UBS Group AG now owns 606,501 shares of the basic materials company’s stock valued at $190,951,000 after acquiring an additional 382,865 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in Carpenter Technology by 111.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 617,948 shares of the basic materials company’s stock valued at $151,731,000 after acquiring an additional 325,919 shares in the last quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.

Carpenter Technology Stock Performance

Shares of NYSE:CRS opened at $560.25 on Monday. The stock has a market capitalization of $27.84 billion, a P/E ratio of 58.97, a P/E/G ratio of 1.93 and a beta of 1.25. Carpenter Technology Corporation has a 1-year low of $228.00 and a 1-year high of $574.52. The company has a current ratio of 3.73, a quick ratio of 2.08 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $446.24 and a two-hundred day moving average price of $384.39.

Carpenter Technology (NYSE:CRS – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.18. The firm had revenue of $655.60 million during the quarter, compared to analysts’ expectations of $797.00 million. Carpenter Technology had a return on equity of 25.02% and a net margin of 15.82%.The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.88 EPS. Equities analysts predict that Carpenter Technology Corporation will post 10.56 earnings per share for the current year.

Carpenter Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Tuesday, April 28th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, April 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.1%. Carpenter Technology’s dividend payout ratio is 8.42%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CRS. BTIG Research raised their price objective on shares of Carpenter Technology from $375.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Susquehanna boosted their price objective on Carpenter Technology from $470.00 to $495.00 and gave the stock a “positive” rating in a report on Thursday, April 30th. KeyCorp boosted their price objective on Carpenter Technology from $453.00 to $459.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Wells Fargo & Company boosted their price objective on Carpenter Technology from $400.00 to $425.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Finally, TD Cowen boosted their price objective on Carpenter Technology from $450.00 to $470.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $458.63.

Read Our Latest Report on Carpenter Technology

Key Stories Impacting Carpenter Technology

Here are the key news stories impacting Carpenter Technology this week:

Positive Sentiment: Zacks Research lifted its earnings outlook for Carpenter Technology across several periods, including FY2026, FY2027, and FY2028, which suggests analysts see durable earnings growth ahead.
Positive Sentiment: The firm’s latest note also nudged up near-term quarterly EPS estimates, reinforcing the view that Carpenter Technology’s pricing power and contract wins are supporting profitability. Carpenter Technology Contract Wins Lift Pricing Power But Stretch Valuation
Neutral Sentiment: The estimate changes were incremental rather than dramatic, so they are more of a confirmation of existing strength than a major new catalyst.
Negative Sentiment: The stock is already trading near its 52-week high and at a relatively rich valuation, which may limit upside if investors decide the good news is already priced in.

Insider Transactions at Carpenter Technology

In other news, Director Anastasios John Hart sold 750 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $423.86, for a total value of $317,895.00. Following the completion of the sale, the director directly owned 750 shares of the company’s stock, valued at $317,895. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Marshall D. Akins sold 11,815 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $441.36, for a total value of $5,214,668.40. Following the completion of the sale, the vice president directly owned 18,344 shares of the company’s stock, valued at approximately $8,096,307.84. This trade represents a 39.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 2.90% of the company’s stock.

Carpenter Technology Profile

(Free Report)

Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets.