Carpenter Technology Corporation $CRS Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its holdings in shares of Carpenter Technology Corporation (NYSE:CRS) by 127.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,141 shares of the basic materials company’s stock after acquiring an additional 2,883 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Carpenter Technology were worth $1,619,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Calamos Advisors LLC boosted its position in Carpenter Technology by 167.6% in the 4th quarter. Calamos Advisors LLC now owns 16,398 shares of the basic materials company’s stock valued at $5,163,000 after buying an additional 10,270 shares during the last quarter. Virtus Wealth Solutions LLC purchased a new position in Carpenter Technology in the 4th quarter valued at about $9,443,000. Geneos Wealth Management Inc. boosted its position in Carpenter Technology by 24.1% in the 4th quarter. Geneos Wealth Management Inc. now owns 484 shares of the basic materials company’s stock valued at $152,000 after buying an additional 94 shares during the last quarter. HB Wealth Management LLC boosted its position in Carpenter Technology by 12.7% in the 4th quarter. HB Wealth Management LLC now owns 1,202 shares of the basic materials company’s stock valued at $378,000 after buying an additional 135 shares during the last quarter. Finally, M&T Bank Corp boosted its position in Carpenter Technology by 14,416.2% in the 4th quarter. M&T Bank Corp now owns 289,743 shares of the basic materials company’s stock valued at $91,223,000 after buying an additional 287,747 shares during the last quarter. 92.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on CRS. Susquehanna began coverage on shares of Carpenter Technology in a research report on Tuesday, March 3rd. They issued a “positive” rating and a $470.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Carpenter Technology in a research report on Friday, April 24th. Wall Street Zen raised shares of Carpenter Technology from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Wells Fargo & Company began coverage on shares of Carpenter Technology in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price objective for the company. Finally, BTIG Research upped their price objective on shares of Carpenter Technology from $365.00 to $375.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Carpenter Technology presently has a consensus rating of “Moderate Buy” and an average target price of $403.11.

Carpenter Technology News Summary

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

• Positive Sentiment: EPS and profitability beat — CRS reported EPS of $2.77 vs. consensus $2.59 and $1.88 a year ago, reflecting higher margins and operating leverage. Carpenter Technology (CRS) Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Record operating income and segment margins — the company delivered record quarterly operating income, specialty alloys adjusted operating margin at a record 35.6%, and said aerospace & defense demand is accelerating; management exceeded segment guidance. Carpenter Technology Reports Third Quarter Fiscal Year 2026 Results
• Positive Sentiment: Very strong cash flow and improved outlook — CRS generated $193.5M cash from operations and $124.8M adjusted free cash flow, and raised its operating income and adjusted FCF outlook for FY2026. Strong cash makes buybacks/deleveraging or reinvestment more likely. Carpenter Technology Reports Third Quarter Fiscal Year 2026 Results
• Neutral Sentiment: Revenue mixed — revenue was $655.6M (up 11.6% YoY) but materially below the consensus ~$797.8M, indicating unit/quantity weakness even as pricing/mix drove margins. That leaves some ambiguity on sustainability of growth. Carpenter (CRS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
• Negative Sentiment: Top?line miss and valuation risk — the sizable revenue shortfall versus Street expectations increases short?term downside risk if future demand softens; at a high P/E (~47x) the stock is sensitive to any slowdowns. Carpenter (CRS) Q3 2026 Earnings Call Transcript

Carpenter Technology Stock Performance

Shares of Carpenter Technology stock opened at $406.20 on Thursday. The firm has a market cap of $20.23 billion, a PE ratio of 47.18, a price-to-earnings-growth ratio of 1.65 and a beta of 1.24. The firm’s 50-day simple moving average is $403.50 and its 200-day simple moving average is $349.77. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.26 and a current ratio of 4.25. Carpenter Technology Corporation has a 1 year low of $188.12 and a 1 year high of $459.18.

Carpenter Technology (NYSE:CRS) last issued its earnings results on Wednesday, April 29th. The basic materials company reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.18. The business had revenue of $655.60 million for the quarter, compared to analyst estimates of $797.82 million. Carpenter Technology had a net margin of 14.77% and a return on equity of 23.63%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.88 EPS. Equities analysts forecast that Carpenter Technology Corporation will post 10.29 earnings per share for the current fiscal year.

Carpenter Technology Announces Dividend

The business also recently announced 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. 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 dividend payout ratio is 9.29%.

Insider Transactions at Carpenter Technology

In other news, SVP James D. Dee sold 15,800 shares of the company’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 sale, the senior vice president owned 73,739 shares in the company, valued at approximately $28,889,465.42. This represents a 17.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven E. Karol sold 3,500 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $381.12, for a total transaction of $1,333,920.00. Following the completion of the sale, the director owned 225,381 shares in the company, valued at approximately $85,897,206.72. This trade represents a 1.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 22,300 shares of company stock worth $8,664,044. Company insiders own 2.90% of the company’s stock.

Carpenter Technology Company 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.