PNC Financial Services Group Inc. increased its holdings in shares of Carpenter Technology Corporation (NYSE:CRS – Free Report) by 1,752.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,415 shares of the basic materials company’s stock after buying an additional 126,214 shares during the period. PNC Financial Services Group Inc.’s holdings in Carpenter Technology were worth $42,004,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of CRS. Geneos Wealth Management Inc. bought a new position in shares of Carpenter Technology in the 2nd quarter worth $28,000. Armstrong Advisory Group Inc. boosted its position in shares of Carpenter Technology by 57.3% in the 4th quarter. Armstrong Advisory Group Inc. now owns 118 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 43 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Carpenter Technology in the 3rd quarter worth $41,000. Spire Wealth Management boosted its position in shares of Carpenter Technology by 164.7% in the 4th quarter. Spire Wealth Management now owns 135 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 84 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Carpenter Technology in the 2nd quarter worth $43,000. 92.03% of the stock is owned by institutional investors.
Insider Activity
In other news, VP Marshall D. Akins sold 11,815 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $441.36, for a total value of $5,214,668.40. Following the sale, the vice president directly owned 18,344 shares in the company, valued at $8,096,307.84. The trade was a 39.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP James D. Dee sold 15,800 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $391.78, for a total value of $6,190,124.00. Following the completion of the sale, the senior vice president owned 73,739 shares in the company, valued at approximately $28,889,465.42. This trade represents a 17.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 28,365 shares of company stock worth $11,722,687 over the last three months. Corporate insiders own 2.90% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on CRS
Carpenter Technology Stock Performance
Shares of Carpenter Technology stock opened at $437.61 on Friday. The firm has a market cap of $21.74 billion, a price-to-earnings ratio of 46.06, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24. The stock’s 50-day moving average is $412.67 and its 200-day moving average is $365.37. Carpenter Technology Corporation has a one year low of $219.58 and a one year high of $475.69. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.73 and a quick ratio of 2.08.
Carpenter Technology (NYSE:CRS – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.18. The company had revenue of $655.60 million for the quarter, compared to analyst estimates 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 company posted $1.88 earnings per share. Equities analysts predict that Carpenter Technology Corporation will post 10.49 earnings per share for the current fiscal year.
Carpenter Technology Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Tuesday, April 28th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, April 28th. Carpenter Technology’s payout ratio is 8.42%.
Trending Headlines about Carpenter Technology
Here are the key news stories impacting Carpenter Technology this week:
- Positive Sentiment: Barron’s said Carpenter Technology could “melt up,” citing earnings momentum, pricing power, and barriers to entry that may support further upside in the stock. Carpenter Technology: This Stock Will Melt Up
- Positive Sentiment: Zacks Research raised multiple earnings estimates for Carpenter Technology, including FY2026, FY2027, FY2028 and several quarterly forecasts, signaling confidence that profit growth will stay strong. Higher EPS estimates typically support a higher valuation for the stock.
- Positive Sentiment: The updated forecasts imply Carpenter Technology could generate about $10.42 per share in FY2026, $11.93 in FY2027, and $14.27 in FY2028, which is above or near the current consensus and reinforces the company’s growth narrative.
- Neutral Sentiment: Zacks also featured Carpenter Technology as a top-ranked growth stock, adding to investor attention but without any new operating update or company announcement. Carpenter Technology (CRS) is a Top-Ranked Growth Stock: Should You Buy?
Carpenter Technology Profile
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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