Titan Global Capital Management USA LLC Purchases 2,561 Shares of Carpenter Technology Corporation $CRS

Titan Global Capital Management USA LLC increased its position in shares of Carpenter Technology Corporation (NYSE:CRS) by 26.0% in the 4th quarter, HoldingsChannel reports. The firm owned 12,408 shares of the basic materials company’s stock after acquiring an additional 2,561 shares during the quarter. Titan Global Capital Management USA LLC’s holdings in Carpenter Technology were worth $3,906,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in Carpenter Technology during the fourth quarter worth about $195,254,000. Eurizon Capital SGR S.p.A. bought a new stake in Carpenter Technology during the fourth quarter worth about $604,000. Fiducient Advisors LLC bought a new stake in Carpenter Technology during the fourth quarter worth about $916,000. SBI Okasan Asset Management Co.Ltd. bought a new stake in Carpenter Technology during the fourth quarter worth about $325,000. Finally, Kingsview Wealth Management LLC acquired a new position in Carpenter Technology during the fourth quarter worth about $260,000. Institutional investors own 92.03% of the company’s stock.

More Carpenter Technology News

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

• Positive Sentiment: Zacks Research increased its FY2027 EPS estimate for Carpenter Technology to $11.99 from $11.93, suggesting stronger earnings power next year.
• Positive Sentiment: The firm also nudged up its FY2028 EPS forecast to $14.34 from $14.27, reinforcing a bullish longer-term outlook.
• Positive Sentiment: Quarterly estimates were raised for Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q1 2028, Q2 2028, and Q3 2028, indicating analysts see steady earnings momentum across the next several years.
• Neutral Sentiment: These updates are small one-step increases rather than a major forecast jump, so the immediate stock impact may be limited compared with a larger earnings surprise.
• Neutral Sentiment: Recent company fundamentals remain important context: Carpenter Technology last reported adjusted EPS of $2.77, beating consensus, but revenue came in below expectations even as sales rose year over year.

Insider Activity at Carpenter Technology

In other news, Director Anastasios John Hart sold 750 shares of the company’s stock in a transaction that occurred on 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 transaction, the director owned 750 shares of the company’s stock, valued at $317,895. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a 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 that occurred on 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 transaction, the vice president directly owned 18,344 shares of the company’s stock, valued at $8,096,307.84. This represents a 39.18% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.90% of the company’s stock.

Carpenter Technology Stock Up 1.4%

Shares of NYSE CRS opened at $468.27 on Friday. 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 market cap of $23.27 billion, a price-to-earnings ratio of 49.29, a PEG ratio of 1.73 and a beta of 1.24. Carpenter Technology Corporation has a 12 month low of $228.00 and a 12 month high of $475.69. The stock has a 50-day moving average price of $421.15 and a two-hundred day moving average price of $370.78.

Carpenter Technology (NYSE:CRS) last released 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 return on equity of 25.02% and a net margin of 15.82%.The company had revenue of $655.60 million during the quarter, compared to the consensus estimate of $797.00 million. During the same quarter in the prior year, the firm posted $1.88 earnings per share. The firm’s revenue was up 11.6% compared to the same quarter last year. As a group, analysts forecast that Carpenter Technology Corporation will post 10.54 earnings per share for the current fiscal year.

Carpenter Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Tuesday, April 28th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, April 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.2%. Carpenter Technology’s dividend payout ratio is currently 8.42%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. TD Cowen boosted their target price on 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 Carpenter Technology from $465.00 to $470.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Susquehanna boosted their target price on 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 Carpenter Technology from $453.00 to $459.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, BTIG Research boosted their target price on Carpenter Technology from $375.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Carpenter Technology has a consensus rating of “Moderate Buy” and an average target price of $441.00.

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.