Man Group plc Makes New Investment in Carpenter Technology Corporation $CRS

Man Group plc bought a new stake in shares of Carpenter Technology Corporation (NYSE:CRS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,927 shares of the basic materials company’s stock, valued at approximately $4,273,000.

Several other large investors have also recently made changes to their positions in the company. Jupiter Topco LLC purchased a new stake in Carpenter Technology during the second quarter worth $13,057,000. Kinetic Partners Management LP acquired a new stake in Carpenter Technology during the second quarter valued at $19,122,000. Hsbc Holdings PLC purchased a new position in Carpenter Technology in the second quarter valued at $2,565,000. PDT Partners LLC purchased a new position in Carpenter Technology in the second quarter valued at $3,597,000. Finally, Castleark Management LLC acquired a new position in shares of Carpenter Technology in the second quarter worth about $1,530,000. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Carpenter Technology News Summary

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

• Positive Sentiment: Zacks Research raised earnings estimates across multiple periods, including FY2027 EPS to $12.80 from $12.75, FY2028 EPS to $15.08 from $14.99, and FY2029 EPS to $18.44 from $18.31. Quarterly estimates for 2027 and 2028 were also increased by $0.01 to $0.03 per share, signaling improving expectations for Carpenter Technology’s future profitability.
• Positive Sentiment: Zacks Research maintained a “Strong-Buy” rating on CRS. Its forecasts imply continued earnings growth beyond the current fiscal year, with FY2029 EPS projected well above the current-year consensus estimate of $13.08.
• Neutral Sentiment: The revisions were incremental rather than major changes to the earnings outlook. With CRS trading at a relatively elevated forward valuation after a strong 12-month advance, investors may be taking profits or demanding stronger near-term catalysts before bidding the shares higher.

Carpenter Technology Stock Performance

CRS opened at $477.32 on Monday. The company has a quick ratio of 2.23, a current ratio of 3.81 and a debt-to-equity ratio of 0.31. The company has a market cap of $23.66 billion, a price-to-earnings ratio of 45.37, a PEG ratio of 1.71 and a beta of 1.25. Carpenter Technology Corporation has a 52-week low of $228.00 and a 52-week high of $625.98. The firm’s fifty day simple moving average is $557.70 and its two-hundred day simple moving average is $474.39.

Carpenter Technology (NYSE:CRS) last released its earnings results on Thursday, July 30th. The basic materials company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.14. Carpenter Technology had a net margin of 16.96% and a return on equity of 26.46%. The business had revenue of $679.70 million during the quarter, compared to analysts’ expectations of $863.33 million. During the same quarter in the previous year, the company earned $2.21 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Equities analysts anticipate that Carpenter Technology Corporation will post 13.09 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, September 3rd. Investors of record on Tuesday, August 25th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, August 25th. Carpenter Technology’s payout ratio is presently 7.60%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CRS shares. Wall Street Zen lowered shares of Carpenter Technology from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings lowered Carpenter Technology from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Zacks Research upgraded Carpenter Technology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Wells Fargo & Company raised their price objective on Carpenter Technology from $425.00 to $540.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th. Finally, TD Cowen boosted their price objective on Carpenter Technology from $470.00 to $650.00 and gave the company a “buy” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $577.25.

Insider Activity

In other Carpenter Technology news, Director Ramin Younessi sold 438 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $493.15, for a total transaction of $215,999.70. Following the completion of the sale, the director directly owned 1,953 shares in the company, valued at approximately $963,121.95. The trade was a 18.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tony R. Thene sold 57,456 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $483.90, for a total value of $27,802,958.40. Following the transaction, the chief executive officer directly owned 439,631 shares of the company’s stock, valued at $212,737,440.90. The trade was a 11.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 109,721 shares of company stock worth $53,091,824. 2.90% of the stock is currently owned by insiders.

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.