Key Points
- James Dee sold 15,800 shares at an average price of $391.78 (about $6.19M), trimming his stake by 17.65% to 73,739 shares — the transaction was disclosed in an SEC filing.
- Company fundamentals and sentiment remain positive: Carpenter reported $2.33 EPS vs. $2.20 expected and 7.5% revenue growth year‑over‑year, announced a $0.20 quarterly dividend, and carries mostly "Buy" analyst ratings with an average price target near $373.
Carpenter Technology Corporation (NYSE:CRS - Get Free Report) SVP James Dee sold 15,800 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $391.78, for a total value of $6,190,124.00. Following the completion of the sale, the senior vice president owned 73,739 shares of the company's stock, valued at $28,889,465.42. This trade represents a 17.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Carpenter Technology Stock Up 0.1%
CRS opened at $397.75 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.26 and a current ratio of 4.25. The company has a market capitalization of $19.81 billion, a PE ratio of 46.20, a P/E/G ratio of 1.56 and a beta of 1.30. The stock's fifty day moving average is $346.56 and its 200-day moving average is $300.96. Carpenter Technology Corporation has a one year low of $138.61 and a one year high of $403.81.
Carpenter Technology (NYSE:CRS - Get Free Report) last released its earnings results on Thursday, January 29th. The basic materials company reported $2.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $0.13. Carpenter Technology had a return on equity of 23.63% and a net margin of 14.77%.The firm had revenue of $728.00 million for the quarter, compared to analyst estimates of $733.76 million. During the same period in the previous year, the company earned $1.66 earnings per share. Carpenter Technology's revenue was up 7.5% compared to the same quarter last year. On average, equities analysts predict that Carpenter Technology Corporation will post 6.83 EPS for the current fiscal year.
Carpenter Technology Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Tuesday, January 27th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, January 27th. Carpenter Technology's payout ratio is presently 9.29%.
Key Headlines Impacting Carpenter Technology
Here are the key news stories impacting Carpenter Technology this week:
- Positive Sentiment: Zacks Research raised near‑term and multi‑year EPS forecasts for CRS (small upward revisions to Q1/Q2 2027, FY2027 and FY2028 estimates), improving forward earnings visibility and supporting valuation and upside momentum.
- Positive Sentiment: Analyst upgrade/coverage note highlights that Carpenter is gaining pricing power in a tight specialty-metals market, implying stronger margins and cash flow potential — a fundamental rationale for the recent rally. Article Title
- Positive Sentiment: Media reported CRS hit a fresh annual high on the NYSE Composite, a technical signal that can attract momentum and institutional buyers. Article Title
- Neutral Sentiment: A comparative piece examined CRS versus Insteel Industries (IIIN) for value investors — useful context for relative valuation but not an immediate company-specific catalyst. Article Title
- Negative Sentiment: Senior VP James D. Dee sold 15,800 shares at about $391.78 (~$6.19M). While insiders often sell for diversification and he still retains a large stake, the disclosed sale can create short‑term pressure or signal partial profit‑taking. Article Title
Institutional Trading of Carpenter Technology
Institutional investors have recently made changes to their positions in the stock. Meeder Advisory Services Inc. increased its stake in Carpenter Technology by 3.7% in the 4th quarter. Meeder Advisory Services Inc. now owns 889 shares of the basic materials company's stock valued at $280,000 after buying an additional 32 shares during the period. Abel Hall LLC grew its holdings in shares of Carpenter Technology by 3.2% during the 4th quarter. Abel Hall LLC now owns 1,019 shares of the basic materials company's stock valued at $321,000 after acquiring an additional 32 shares in the last quarter. Brown Miller Wealth Management LLC grew its holdings in shares of Carpenter Technology by 2.4% during the 4th quarter. Brown Miller Wealth Management LLC now owns 1,411 shares of the basic materials company's stock valued at $444,000 after acquiring an additional 33 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Carpenter Technology by 0.3% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 11,146 shares of the basic materials company's stock worth $3,509,000 after acquiring an additional 34 shares during the last quarter. Finally, Clearstead Advisors LLC increased its stake in shares of Carpenter Technology by 17.9% in the third quarter. Clearstead Advisors LLC now owns 237 shares of the basic materials company's stock worth $58,000 after acquiring an additional 36 shares during the last quarter. 92.03% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on CRS. BTIG Research increased their price objective on Carpenter Technology from $365.00 to $375.00 and gave the company a "buy" rating in a research report on Friday, January 30th. Weiss Ratings restated a "buy (b)" rating on shares of Carpenter Technology in a report on Tuesday, January 27th. JPMorgan Chase & Co. upped their price objective on shares of Carpenter Technology from $388.00 to $394.00 and gave the company an "overweight" rating in a research note on Friday, January 30th. Wall Street Zen upgraded shares of Carpenter Technology from a "hold" rating to a "buy" rating in a report on Saturday, January 31st. Finally, TD Cowen reissued a "buy" rating on shares of Carpenter Technology in a research report on Friday, November 14th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Carpenter Technology currently has an average rating of "Moderate Buy" and an average price target of $373.43.
Check Out Our Latest Analysis on CRS
About Carpenter Technology
(
Get Free Report)
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.
Further Reading
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