Carpenter Technology Corporation $CRS Stock Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in Carpenter Technology Corporation (NYSE:CRS) by 16.5% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 11,298 shares of the basic materials company’s stock after selling 2,229 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Carpenter Technology were worth $4,393,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Kinetic Partners Management LP bought a new position in Carpenter Technology during the second quarter valued at approximately $19,122,000. Sanctuary Advisors LLC bought a new stake in Carpenter Technology in the 2nd quarter worth approximately $2,978,000. Focus Partners Advisor Solutions LLC bought a new stake in Carpenter Technology in the 2nd quarter worth approximately $3,095,000. SteelPeak Wealth LLC purchased a new stake in Carpenter Technology during the 1st quarter valued at $2,593,000. Finally, Handelsbanken Fonder AB raised its stake in Carpenter Technology by 21.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 17,240 shares of the basic materials company’s stock valued at $10,634,000 after buying an additional 3,040 shares during the last quarter. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Carpenter Technology Stock Down 2.6%

CRS opened at $284.64 on Friday. The company has a current ratio of 3.94, a quick ratio of 2.23 and a debt-to-equity ratio of 0.32. Carpenter Technology Corporation has a 1-year low of $278.17 and a 1-year high of $625.98. The company has a market capitalization of $14.11 billion, a PE ratio of 25.10, a PEG ratio of 1.02 and a beta of 1.29. The firm’s 50 day simple moving average is $423.06 and its two-hundred day simple moving average is $478.73.

Carpenter Technology (NYSE:CRS) last posted its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $3.25 EPS for the quarter, topping the consensus estimate of $3.04 by $0.21. Carpenter Technology had a return on equity of 27.50% and a net margin of 17.87%. The firm had revenue of $634.80 million during the quarter, compared to analyst estimates of $830.85 million. During the same period in the prior year, the business posted $2.43 EPS. Carpenter Technology’s revenue was up 8.8% on a year-over-year basis. As a group, equities analysts forecast that Carpenter Technology Corporation will post 13.30 EPS for the current year.

Carpenter Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Tuesday, October 20th will be given a $0.20 dividend. The ex-dividend date is Tuesday, October 20th. This represents a $0.80 dividend on an annualized basis and a yield of 0.3%. Carpenter Technology’s dividend payout ratio is presently 7.05%.

Insiders Place Their Bets

In other news, Director Ramin Younessi sold 438 shares of Carpenter Technology stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $493.15, for a total transaction of $215,999.70. Following the transaction, the director directly owned 1,953 shares of the company’s stock, valued at $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 available at this hyperlink. Also, CEO Tony R. Thene sold 57,456 shares of the business’s 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 owned 439,631 shares of the company’s stock, valued at approximately $212,737,440.90. This trade represents a 11.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 112,996 shares of company stock worth $54,644,436 over the last quarter. 2.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CRS. TD Cowen lowered their price target on Carpenter Technology from $650.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Susquehanna reaffirmed a “positive” rating and issued a $450.00 price objective on shares of Carpenter Technology in a report on Friday. Weiss Ratings lowered Carpenter Technology from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Zacks Research cut Carpenter Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 15th. Finally, JPMorgan Chase & Co. lowered their target price on Carpenter Technology from $700.00 to $520.00 and set an “overweight” rating on the stock in a report on Wednesday, October 14th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $476.43.

More Carpenter Technology News

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

• Positive Sentiment: Carpenter Technology reported fiscal first-quarter adjusted EPS of $3.25, above the $3.04 consensus and up from $2.43 a year earlier. Record quarterly operating income increased 28% year over year, supported by productivity improvements, favorable product mix and pricing actions. Carpenter Technology Reports First Quarter Fiscal Year 2027 Results
• Positive Sentiment: Management highlighted accelerating commercial aerospace demand, stronger bookings, pricing gains and productivity benefits. Carpenter maintained its fiscal 2027 free-cash-flow outlook of $400 million to $430 million and established a fiscal 2029 operating-income target of $1.2 billion to $1.3 billion. CRS Q1 Earnings Call Highlights Aerospace Demand and Pricing Gains
• Neutral Sentiment: Deutsche Bank and BTIG Research lowered their CRS price targets to $361 and $470, respectively, but both retained Buy ratings. The reductions suggest analysts remain positive on the long-term story while acknowledging greater near-term valuation or execution concerns. Deutsche Bank Adjusts Carpenter Technology Price Target
• Neutral Sentiment: Carpenter named Jed Freeman as its next general counsel, a routine leadership transition with limited immediate earnings implications. Carpenter Technology Names Jed Freeman as Next General Counsel
• Negative Sentiment: Quarterly revenue of $634.8 million was well below the roughly $830.9 million analyst estimate, despite increasing 8.8% year over year. Investors appear to be treating the sales miss and high valuation as more important than the EPS beat, driving the stock lower after earnings. Why Carpenter Technology Stock Crashed After Earnings

Carpenter Technology Profile

Carpenter Technology Corporation is a manufacturer of premium specialty metals and engineered materials for demanding applications. The company produces stainless steels, nickel- and cobalt-based alloys, titanium, powder metals, and other high-performance materials designed to withstand extreme temperatures, corrosion, stress, and wear.

Its products are used in aerospace and defense, medical devices, energy, transportation, industrial equipment, and other specialized markets. Carpenter Technology supplies materials in forms such as bar, wire, strip, sheet, and powder, and also provides processing and engineered component solutions through its performance-engineered products operations.

Founded in 1889 as Carpenter Steel Company, the company has developed a global customer base supported by manufacturing, research, and service operations in the United States and international markets.