Key Points
- Marshall Akins, a Carpenter Technology (CRS) VP, sold 11,815 shares on May 5 at an average price of $441.36 for about $5.21M, cutting his holding by 39.18% to 18,344 shares (valued ~ $8.10M).
- Carpenter beat Q1 EPS estimates ($2.77 vs. $2.59) but missed revenue expectations ($655.6M), trades near its 1‑year high (~$459), pays a $0.20 quarterly dividend (0.2% yield), and carries a consensus analyst rating of Moderate Buy with an average target around $438.78.
Carpenter Technology Corporation (NYSE:CRS - Get Free Report) Director Anastasios John Hart sold 750 shares of the firm's stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $423.86, for a total transaction of $317,895.00. Following the sale, the director owned 750 shares in the company, valued at approximately $317,895. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Carpenter Technology Stock Up 3.0%
Shares of CRS opened at $458.52 on Thursday. The firm has a market cap of $22.78 billion, a PE ratio of 48.27, a price-to-earnings-growth ratio of 1.66 and a beta of 1.24. The company's fifty day moving average is $406.93 and its two-hundred day moving average is $354.82. Carpenter Technology Corporation has a fifty-two week low of $204.47 and a fifty-two week high of $461.99. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $2.77 earnings per share for the quarter, beating analysts' consensus estimates of $2.59 by $0.18. The company had revenue of $655.60 million for the quarter, compared to analyst estimates of $797.00 million. Carpenter Technology had a net margin of 15.82% and a return on equity of 25.02%. Carpenter Technology's revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the business earned $1.88 EPS. Analysts forecast that Carpenter Technology Corporation will post 10.43 earnings per share for the current year.
Carpenter Technology Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Tuesday, April 28th 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, April 28th. Carpenter Technology's dividend payout ratio (DPR) is 8.42%.
Hedge Funds Weigh In On Carpenter Technology
Hedge funds and other institutional investors have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Carpenter Technology during the 1st quarter valued at $30,000. SJS Investment Consulting Inc. lifted its holdings in Carpenter Technology by 81.8% in the 1st quarter. SJS Investment Consulting Inc. now owns 80 shares of the basic materials company's stock worth $32,000 after buying an additional 36 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in Carpenter Technology in the 2nd quarter worth $28,000. Armstrong Advisory Group Inc. lifted its holdings in Carpenter Technology by 57.3% in the 4th quarter. Armstrong Advisory Group Inc. now owns 118 shares of the basic materials company's stock worth $37,000 after buying an additional 43 shares in the last quarter. Finally, Spire Wealth Management lifted its holdings in Carpenter Technology by 164.7% in the 4th quarter. Spire Wealth Management now owns 135 shares of the basic materials company's stock worth $42,000 after buying an additional 84 shares in the last quarter. Institutional investors and hedge funds own 92.03% of the company's stock.
Carpenter Technology News Roundup
Here are the key news stories impacting Carpenter Technology this week:
- Positive Sentiment: Multiple sell‑side firms reiterated or raised ratings and price targets (Deutsche Bank, JPMorgan, Susquehanna, Weiss, KeyBanc), supporting demand from growth/momentum investors. Read More.
- Positive Sentiment: Large institutional inflows reported (Jennison, Sands Capital, Norges Bank among new/expanded positions), signaling strong institutional conviction that can lift liquidity and bid for the stock. Read More.
- Positive Sentiment: Technical and momentum coverage: Zacks notes CRS crossed above its 20‑day moving average and profiles it as a momentum pick — a catalyst for short‑term traders. Read More.
- Neutral Sentiment: Company declared a small quarterly dividend (annualized $0.80, ~0.2% yield) — a modest positive for income investors but not a major valuation driver. Read More.
- Neutral Sentiment: Some media pieces present mixed analyst views on industrials including CRS; this keeps sentiment balanced rather than uniformly bullish. Read More.
- Negative Sentiment: Insider selling: VP Marshall Akins sold 11,815 shares (~$5.2M at ~$441.36), reducing his stake by ~39% — a visible liquidity event that some investors read as a caution on insider conviction. Read More.
- Negative Sentiment: Smaller insider sale: a director sold 750 shares recently, adding to the insider selling narrative. Read More.
Analyst Ratings Changes
A number of brokerages have weighed in on CRS. Weiss Ratings reiterated a "buy (b)" rating on shares of Carpenter Technology in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $500.00 price target on shares of Carpenter Technology in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Carpenter Technology from a "hold" rating to a "buy" rating in a report on Saturday, January 31st. Susquehanna lifted their target price on shares of Carpenter Technology from $470.00 to $495.00 and gave the company a "positive" rating in a report on Thursday, April 30th. Finally, TD Cowen lifted their target price on shares of Carpenter Technology from $430.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $438.78.
Check Out Our Latest Research Report on CRS
Carpenter Technology Company Profile
(
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.
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