Carpenter Technology Corporation $CRS Stock: Kestra Private Wealth Services LLC Grows Position

Posted by Francis Steltz on Nov 6th, 2026

Kestra Private Wealth Services LLC increased its position in shares of Carpenter Technology Corporation (NYSE:CRS – Free Report) by 161.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,565 shares of the basic materials company’s stock after buying an additional 3,435 shares during the period. Kestra Private Wealth Services LLC’s holdings in Carpenter Technology were worth $2,164,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CRS. Kinetic Partners Management LP acquired a new position in shares of Carpenter Technology in the 2nd quarter valued at about $19,122,000. Sanctuary Advisors LLC purchased a new position in Carpenter Technology in the second quarter valued at $2,978,000. Focus Partners Advisor Solutions LLC purchased a new position in Carpenter Technology in the second quarter valued at $3,095,000. SteelPeak Wealth LLC acquired a new position in shares of Carpenter Technology in the first quarter worth about $2,593,000. Finally, Handelsbanken Fonder AB raised its position in shares of Carpenter Technology by 21.4% in the second quarter. Handelsbanken Fonder AB now owns 17,240 shares of the basic materials company’s stock worth $10,634,000 after acquiring an additional 3,040 shares during the period. 92.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CRS shares. Zacks Research lowered shares of Carpenter Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 15th. TD Cowen reduced their price target on Carpenter Technology from $650.00 to $500.00 and set a “buy” rating for the company in a report on Friday, October 9th. BTIG Research lowered their price target on Carpenter Technology from $620.00 to $470.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. KeyCorp lowered Carpenter Technology from an “overweight” rating to a “sector weight” rating in a report on Monday, October 26th. Finally, Wall Street Zen raised Carpenter Technology from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $476.43.

View Our Latest Report on Carpenter Technology

Insider Buying and Selling

In related news, CEO Tony Thene sold 57,456 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $483.90, for a total value of $27,802,958.40. Following the transaction, the chief executive officer directly owned 439,631 shares of the company’s stock, valued at approximately $212,737,440.90. This trade represents a 11.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven Karol sold 3,275 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $474.08, for a total transaction of $1,552,612.00. Following the completion of the transaction, the director directly owned 177,000 shares in the company, valued at $83,912,160. This represents a 1.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 112,996 shares of company stock worth $54,644,436 in the last 90 days. Insiders own 2.90% of the company’s stock.

Carpenter Technology Price Performance

Shares of NYSE CRS opened at $279.04 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.05 and a current ratio of 3.94. The firm has a fifty day moving average of $385.28 and a 200 day moving average of $441.63. The firm has a market cap of $13.82 billion, a PE ratio of 24.61, a PEG ratio of 1.03 and a beta of 1.43. Carpenter Technology Corporation has a one year low of $270.49 and a one year high of $625.98.

Carpenter Technology (NYSE:CRS – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.21. The business had revenue of $634.80 million for the quarter, compared to the consensus estimate of $830.85 million. Carpenter Technology had a net margin of 17.87% and a return on equity of 27.50%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $2.43 earnings per share. As a group, research analysts predict that Carpenter Technology Corporation will post 13.41 EPS for the current fiscal year.

Carpenter Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Tuesday, October 20th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, October 20th. Carpenter Technology’s dividend payout ratio is 7.05%.

Carpenter Technology Profile

(Free Report)

Carpenter Technology Corporation is a manufacturer of premium specialty metals and engineered materials for demanding applications. The company produces stainless steels, nickel- and cobalt-based alloys, titanium, powder metals, and other high-performance materials designed to withstand extreme temperatures, corrosion, stress, and wear.

Its products are used in aerospace and defense, medical devices, energy, transportation, industrial equipment, and other specialized markets. Carpenter Technology supplies materials in forms such as bar, wire, strip, sheet, and powder, and also provides processing and engineered component solutions through its performance-engineered products operations.

Founded in 1889 as Carpenter Steel Company, the company has developed a global customer base supported by manufacturing, research, and service operations in the United States and international markets.