AlphaQuest LLC Acquires 1,982 Shares of Carpenter Technology Corporation $CRS

AlphaQuest LLC lifted its holdings in shares of Carpenter Technology Corporation (NYSE:CRS) by 44.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,411 shares of the basic materials company’s stock after purchasing an additional 1,982 shares during the quarter. AlphaQuest LLC’s holdings in Carpenter Technology were worth $1,574,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Geneos Wealth Management Inc. acquired a new stake in Carpenter Technology during the 2nd quarter worth approximately $28,000. Root Financial Partners LLC acquired a new position in shares of Carpenter Technology in the third quarter valued at approximately $41,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Carpenter Technology by 54.1% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 171 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 60 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Carpenter Technology during the second quarter worth $43,000. Finally, Rakuten Securities Inc. bought a new stake in Carpenter Technology in the 2nd quarter valued at $45,000. Institutional investors own 92.03% of the company’s stock.

Key Stories Impacting Carpenter Technology

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

• Positive Sentiment: JPMorgan raised its price target to $394 and kept an “overweight” rating, implying roughly ~24% upside from the referenced price — a clear institutional endorsement that can support further buying interest. Article Title
• Positive Sentiment: BTIG bumped its target to $375 and reiterated a “buy” rating (≈18% upside), adding another analyst upward revision that helps validate management’s message on margins and demand. Article Title
• Positive Sentiment: Q2 results: EPS of $2.33 beat consensus ($2.20) and management raised full‑year guidance; operating income hit a record for the quarter — positive for margin expansion and near-term profitability. Article Title
• Positive Sentiment: Company reported accelerating aerospace & defense bookings and completed negotiations for several long‑term aerospace agreements — supports revenue visibility and higher-value contract mix. Article Title
• Neutral Sentiment: Analyst and news coverage (Zacks, Seeking Alpha, Benzinga) provide transcripts, call highlights and metric breakdowns for investors digging into guidance, ROE and margin drivers. Useful for assessing whether beats are sustainable. Article Title
• Negative Sentiment: Revenue came in at $589.1M versus a consensus near $733.8M — a sizeable miss (even as EPS beat), which may temper expectations about top‑line strength and could limit multiple expansion if recurring. Article Title

Insider Transactions at Carpenter Technology

In other news, VP Elizabeth A. Socci sold 3,900 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $321.25, for a total value of $1,252,875.00. Following the sale, the vice president directly owned 9,594 shares of the company’s stock, valued at approximately $3,082,072.50. This represents a 28.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brian J. Malloy sold 4,130 shares of Carpenter Technology stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $303.52, for a total value of $1,253,537.60. Following the transaction, the chief operating officer owned 78,875 shares of the company’s stock, valued at $23,940,140. The trade was a 4.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 79,358 shares of company stock worth $24,254,008. 2.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. BTIG Research increased their target price on Carpenter Technology from $365.00 to $375.00 and gave the stock a “buy” rating in a report on Friday. Wall Street Zen upgraded Carpenter Technology from a “hold” rating to a “buy” rating in a report on Saturday. Jones Trading began coverage on Carpenter Technology in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $400.00 target price on the stock. KeyCorp raised Carpenter Technology from a “sector weight” rating to an “overweight” rating and set a $380.00 price target for the company in a research report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Carpenter Technology in a research note on Tuesday. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $373.43.

Carpenter Technology Stock Up 2.3%

CRS stock opened at $317.46 on Friday. The company has a market cap of $15.82 billion, a price-to-earnings ratio of 36.87, a P/E/G ratio of 1.30 and a beta of 1.29. Carpenter Technology Corporation has a twelve month low of $138.61 and a twelve month high of $355.00. The business has a 50 day moving average price of $324.60 and a two-hundred day moving average price of $286.84. The company has a quick ratio of 2.37, a current ratio of 4.25 and a debt-to-equity ratio of 0.35.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings data on Thursday, January 29th. The basic materials company reported $2.33 EPS for the quarter, beating the consensus estimate of $2.20 by $0.13. The company had revenue of $589.10 million during the quarter, compared to the consensus estimate of $733.76 million. Carpenter Technology had a return on equity of 23.63% and a net margin of 14.77%.The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.66 EPS. Analysts anticipate that Carpenter Technology Corporation will post 6.83 EPS for the current fiscal year.

Carpenter Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Tuesday, January 27th will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, January 27th. This represents a $0.80 annualized dividend and a dividend yield of 0.3%. Carpenter Technology’s payout ratio is currently 9.78%.

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.