NewEdge Wealth LLC acquired a new position in shares of Carpenter Technology Corporation (NYSE:CRS – Free Report) in the 2nd quarter, HoldingsChannel reports. The firm acquired 2,090 shares of the basic materials company’s stock, valued at approximately $1,289,000.
A number of other institutional investors also recently bought and sold shares of CRS. Whittier Trust Co. of Nevada Inc. acquired a new position in Carpenter Technology in the 1st quarter valued at about $30,000. SJS Investment Consulting Inc. increased its holdings in shares of Carpenter Technology by 81.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 80 shares of the basic materials company’s stock worth $32,000 after buying an additional 36 shares during the last quarter. Persistent Asset Partners Ltd acquired a new stake in shares of Carpenter Technology during the 2nd quarter worth approximately $55,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Carpenter Technology during the 2nd quarter valued at approximately $56,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Carpenter Technology by 1,228.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 93 shares of the basic materials company’s stock valued at $57,000 after buying an additional 86 shares during the period. 92.03% of the stock is owned by hedge funds and other institutional investors.
Key Headlines Impacting Carpenter Technology
Here are the key news stories impacting Carpenter Technology this week:
- Positive Sentiment: Zacks raised its FY2027 EPS forecast to $12.75 from $12.12 and its FY2028 forecast to $14.99 from $14.49, signaling stronger anticipated profit growth. The firm also increased estimates for every listed quarter from Q1 2027 through Q4 2028. Carpenter Technology stock information
- Positive Sentiment: Individual quarterly revisions included Q1 2027 EPS rising to $2.89 from $2.83, Q2 2027 to $2.96 from $2.85, Q3 2027 to $3.33 from $3.19, and Q4 2027 to $3.57 from $3.25. Estimates for Q1 through Q4 2028 were also increased, with Q4 2028 moving to $4.14 from $4.00.
- Positive Sentiment: Zacks Research maintains a “Strong-Buy” rating on CRS, reinforcing the bullish interpretation of the revisions and suggesting confidence in Carpenter Technology’s longer-term earnings outlook.
- Neutral Sentiment: The revisions primarily affect fiscal 2027 and 2028, so they are forward-looking rather than a new report on current-quarter results. The current-year consensus EPS forecast remains $12.92.
- Neutral Sentiment: CRS remains valued at a relatively elevated trailing P/E of about 47, meaning continued gains may depend on the company delivering the projected earnings growth. The stock is also below its 50-day moving average but above its 200-day average.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on CRS
Carpenter Technology Stock Performance
NYSE:CRS opened at $494.98 on Friday. Carpenter Technology Corporation has a fifty-two week low of $228.00 and a fifty-two week high of $625.98. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.23 and a current ratio of 3.81. The company has a 50 day moving average price of $566.88 and a 200 day moving average price of $468.62. The stock has a market capitalization of $24.53 billion, a P/E ratio of 47.05, a PEG ratio of 1.76 and a beta of 1.25.
Carpenter Technology (NYSE:CRS – Get Free Report) last announced its earnings results on Thursday, July 30th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.14. The company had revenue of $679.70 million for the quarter, compared to analyst estimates of $863.33 million. Carpenter Technology had a return on equity of 26.46% and a net margin of 16.96%.The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.21 earnings per share. Equities research analysts forecast that Carpenter Technology Corporation will post 13.08 EPS for the current year.
Carpenter Technology Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 25th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. Carpenter Technology’s payout ratio is presently 7.60%.
About Carpenter Technology
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.
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