Carpenter Technology Corporation $CRS Stock Holdings Lessened by Next Century Growth Investors LLC

Next Century Growth Investors LLC lowered its stake in Carpenter Technology Corporation (NYSE:CRS) by 9.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 58,555 shares of the basic materials company’s stock after selling 5,892 shares during the period. Carpenter Technology accounts for approximately 1.3% of Next Century Growth Investors LLC’s holdings, making the stock its 29th biggest position. Next Century Growth Investors LLC’s holdings in Carpenter Technology were worth $18,435,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. bought a new position in shares of Carpenter Technology in the second quarter valued at $28,000. Armstrong Advisory Group Inc. increased its holdings in shares of Carpenter Technology by 57.3% in the fourth quarter. Armstrong Advisory Group Inc. now owns 118 shares of the basic materials company’s stock valued at $37,000 after buying an additional 43 shares in the last quarter. Spire Wealth Management increased its holdings in shares of Carpenter Technology by 164.7% in the fourth quarter. Spire Wealth Management now owns 135 shares of the basic materials company’s stock valued at $42,000 after buying an additional 84 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Carpenter Technology in the second quarter valued at $43,000. Finally, Rakuten Securities Inc. bought a new position in shares of Carpenter Technology in the second quarter valued at $45,000. Institutional investors own 92.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Susquehanna upped their price target on Carpenter Technology from $470.00 to $495.00 and gave the company a “positive” rating in a report on Thursday, April 30th. Wells Fargo & Company lifted their price target on Carpenter Technology from $400.00 to $425.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. JPMorgan Chase & Co. lifted their price target on Carpenter Technology from $465.00 to $470.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $500.00 price target on shares of Carpenter Technology in a report on Thursday, April 30th. Finally, KeyCorp lifted their price target on Carpenter Technology from $453.00 to $459.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $458.63.

Insider Buying and Selling at Carpenter Technology

In other news, Director Anastasios John Hart sold 750 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $423.86, for a total transaction of $317,895.00. Following the transaction, the director directly owned 750 shares in the company, valued at $317,895. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Marshall D. Akins sold 11,815 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $441.36, for a total transaction of $5,214,668.40. Following the completion of the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.90% 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 nudged up its FY2026, FY2027, and FY2028 EPS forecasts for Carpenter Technology, suggesting analysts expect stronger earnings over the next several years. Carpenter Technology Corporation analyst estimate update
• Positive Sentiment: The firm also raised quarterly estimates for Q4 2026 through Q3 2028, reinforcing the view that demand and margins may remain solid. Carpenter Technology Corporation analyst estimate update
• Neutral Sentiment: A recent report said Carpenter Technology’s contract wins are supporting pricing power, which is a positive fundamental sign, but it also noted the stock’s valuation may be getting expensive after its sharp advance. Carpenter Technology contract wins and valuation article

Carpenter Technology Trading Down 0.4%

Carpenter Technology stock opened at $560.25 on Friday. The company’s fifty day simple moving average is $446.24 and its 200-day simple moving average is $383.91. The company has a quick ratio of 2.08, a current ratio of 3.73 and a debt-to-equity ratio of 0.33. Carpenter Technology Corporation has a 12 month low of $228.00 and a 12 month high of $574.52. The stock has a market cap of $27.84 billion, a P/E ratio of 58.97, a P/E/G ratio of 1.93 and a beta of 1.25.

Carpenter Technology (NYSE:CRS) last posted its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $2.77 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 business had revenue of $655.60 million for the quarter, compared to analysts’ expectations of $797.00 million. During the same period in the previous year, the company posted $1.88 EPS. Carpenter Technology’s revenue was up 11.6% on a year-over-year basis. As a group, sell-side analysts forecast that Carpenter Technology Corporation will post 10.56 EPS for the current fiscal year.

Carpenter Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Tuesday, April 28th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Tuesday, April 28th. Carpenter Technology’s payout ratio is currently 8.42%.

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.