North Dakota State Investment Board Purchases New Holdings in Carpenter Technology Corporation $CRS

North Dakota State Investment Board purchased a new stake in shares of Carpenter Technology Corporation (NYSE:CRS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,688 shares of the basic materials company’s stock, valued at approximately $531,000.

Other large investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new position in Carpenter Technology during the 2nd quarter valued at about $28,000. Armstrong Advisory Group Inc. lifted its position in Carpenter Technology by 57.3% during the 4th quarter. Armstrong Advisory Group Inc. now owns 118 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 43 shares during the period. Spire Wealth Management raised its holdings in Carpenter Technology by 164.7% in the fourth quarter. Spire Wealth Management now owns 135 shares of the basic materials company’s stock worth $42,000 after buying an additional 84 shares during the last quarter. Headlands Technologies LLC purchased a new position in Carpenter Technology in the second quarter worth about $43,000. Finally, Rakuten Securities Inc. purchased a new position in Carpenter Technology in the second quarter worth about $45,000. 92.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Carpenter Technology

In other Carpenter Technology news, SVP James D. Dee sold 15,800 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $391.78, for a total transaction of $6,190,124.00. Following the completion of the sale, the senior vice president directly owned 73,739 shares of the company’s stock, valued at approximately $28,889,465.42. This represents a 17.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anastasios John Hart sold 750 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 750 shares of the company’s stock, valued at approximately $317,895. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,365 shares of company stock worth $11,722,687 in the last quarter. Company insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CRS shares. Wells Fargo & Company lifted their target price on shares of Carpenter Technology from $400.00 to $425.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. BTIG Research lifted their target price on shares of Carpenter Technology from $375.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $500.00 target price on shares of Carpenter Technology in a report on Thursday, April 30th. Weiss Ratings raised shares of Carpenter Technology from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Finally, Wall Street Zen raised shares of Carpenter Technology from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $438.78.

Carpenter Technology Stock Performance

Shares of CRS stock opened at $437.61 on Friday. The company has a 50 day moving average price of $412.67 and a 200-day moving average price of $365.37. Carpenter Technology Corporation has a 52 week low of $219.58 and a 52 week high of $475.69. The firm has a market capitalization of $21.74 billion, a PE ratio of 46.06, a P/E/G ratio of 1.57 and a beta of 1.24. 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 (NYSE:CRS) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.18. Carpenter Technology had a net margin of 15.82% and a return on equity of 25.02%. The firm had revenue of $655.60 million during the quarter, compared to analyst estimates of $797.00 million. During the same period in the previous year, the business posted $1.88 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, equities research analysts expect that Carpenter Technology Corporation will post 10.49 earnings per share for the current year.

Carpenter Technology Dividend Announcement

The business also recently declared 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 is Tuesday, April 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. Carpenter Technology’s payout ratio is currently 8.42%.

Key Stories Impacting Carpenter Technology

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

• Positive Sentiment: Barron’s said Carpenter Technology could “melt up,” citing earnings momentum, pricing power, and barriers to entry that may support further upside in the stock. Carpenter Technology: This Stock Will Melt Up
• Positive Sentiment: Zacks Research raised multiple earnings estimates for Carpenter Technology, including FY2026, FY2027, FY2028 and several quarterly forecasts, signaling confidence that profit growth will stay strong. Higher EPS estimates typically support a higher valuation for the stock.
• Positive Sentiment: The updated forecasts imply Carpenter Technology could generate about $10.42 per share in FY2026, $11.93 in FY2027, and $14.27 in FY2028, which is above or near the current consensus and reinforces the company’s growth narrative.
• Neutral Sentiment: Zacks also featured Carpenter Technology as a top-ranked growth stock, adding to investor attention but without any new operating update or company announcement. Carpenter Technology (CRS) is a Top-Ranked Growth Stock: Should You Buy?

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.