Harvest Fund Management Co. Ltd grew its position in Carpenter Technology Corporation (NYSE:CRS – Free Report) by 490.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,461 shares of the basic materials company’s stock after acquiring an additional 2,044 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Carpenter Technology were worth $775,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of CRS. Woodline Partners LP acquired a new position in shares of Carpenter Technology in the first quarter worth about $4,050,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Carpenter Technology by 1.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,785 shares of the basic materials company’s stock worth $18,985,000 after purchasing an additional 1,701 shares in the last quarter. Focus Partners Wealth increased its stake in shares of Carpenter Technology by 7.3% during the first quarter. Focus Partners Wealth now owns 4,615 shares of the basic materials company’s stock worth $836,000 after purchasing an additional 314 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Carpenter Technology during the second quarter worth about $80,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Carpenter Technology during the second quarter worth about $533,000. Institutional investors and hedge funds own 92.03% of the company’s stock.
Trending Headlines about Carpenter Technology
Here are the key news stories impacting Carpenter Technology this week:
- Positive Sentiment: Zacks Research increased its earnings outlook for Carpenter Technology across several future periods, including FY2026, FY2027, and FY2028, reflecting a more optimistic profit forecast. Article Title
- Positive Sentiment: The analyst team also nudged near-term quarterly EPS estimates higher for Q4 2026, Q1 2027, Q2 2027, Q3 2027, and Q4 2027, reinforcing the view that earnings momentum remains intact.
- Positive Sentiment: The stock has been strong recently, and the upgraded earnings estimates help support investor confidence in Carpenter Technology’s valuation and growth story.
Insider Activity
Carpenter Technology Stock Down 1.9%
Shares of NYSE CRS opened at $483.26 on Friday. Carpenter Technology Corporation has a 12-month low of $228.00 and a 12-month high of $500.16. The stock has a market cap of $24.01 billion, a PE ratio of 50.87, a P/E/G ratio of 1.82 and a beta of 1.25. 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 company has a 50-day moving average of $431.54 and a 200 day moving average of $376.37.
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 (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.18. Carpenter Technology had a net margin of 15.82% and a return on equity of 25.02%. The company had revenue of $655.60 million during the quarter, compared to analysts’ expectations of $797.00 million. During the same quarter in the prior year, the company earned $1.88 EPS. Carpenter Technology’s revenue was up 11.6% compared to the same quarter last year. As a group, sell-side analysts predict that Carpenter Technology Corporation will post 10.55 EPS for the current fiscal year.
Carpenter Technology Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Tuesday, April 28th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, April 28th. Carpenter Technology’s dividend payout ratio is currently 8.42%.
Analysts Set New Price Targets
CRS has been the subject of a number of research reports. Susquehanna boosted their target price on shares of Carpenter Technology from $470.00 to $495.00 and gave the stock a “positive” rating in a research note on Thursday, April 30th. KeyCorp boosted their target price on shares of Carpenter Technology from $453.00 to $459.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. TD Cowen boosted their target price on shares of Carpenter Technology from $450.00 to $470.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. JPMorgan Chase & Co. boosted their target price on shares of Carpenter Technology from $465.00 to $470.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings cut shares of Carpenter Technology from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Carpenter Technology currently has an average rating of “Moderate Buy” and an average price target of $441.00.
Read Our Latest Analysis on Carpenter Technology
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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