Egerton Capital UK LLP Purchases 178,679 Shares of Carpenter Technology Corporation $CRS

Egerton Capital UK LLP increased its stake in shares of Carpenter Technology Corporation (NYSE:CRS) by 13.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,553,012 shares of the basic materials company’s stock after purchasing an additional 178,679 shares during the quarter. Carpenter Technology comprises about 5.3% of Egerton Capital UK LLP’s portfolio, making the stock its 7th biggest position. Egerton Capital UK LLP’s holdings in Carpenter Technology were worth $488,950,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. acquired a new position in Carpenter Technology in the second quarter valued at $28,000. Armstrong Advisory Group Inc. increased its stake in Carpenter Technology by 57.3% in the fourth quarter. Armstrong Advisory Group Inc. now owns 118 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 43 shares during the period. Spire Wealth Management increased its stake in Carpenter Technology by 164.7% in the fourth quarter. Spire Wealth Management now owns 135 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 84 shares during the period. Headlands Technologies LLC acquired a new position in Carpenter Technology in the second quarter valued at $43,000. Finally, Rakuten Securities Inc. acquired a new position in Carpenter Technology in the second quarter valued at $45,000. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on CRS shares. Weiss Ratings downgraded shares of Carpenter Technology from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday. 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. JPMorgan Chase & Co. lifted their target price on shares of Carpenter Technology from $465.00 to $470.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. BTIG Research lifted their target price on shares of Carpenter Technology from $375.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, KeyCorp lifted their target price on shares of Carpenter Technology from $453.00 to $459.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $441.00.

More Carpenter Technology News

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

• Positive Sentiment: Zacks Research increased its earnings outlook for Carpenter Technology across several future periods, including FY2026, FY2027, and FY2028, reflecting a more optimistic profit forecast. Article Title
• Positive Sentiment: The analyst team also nudged near-term quarterly EPS estimates higher for Q4 2026, Q1 2027, Q2 2027, Q3 2027, and Q4 2027, reinforcing the view that earnings momentum remains intact.
• Positive Sentiment: The stock has been strong recently, and the upgraded earnings estimates help support investor confidence in Carpenter Technology’s valuation and growth story.

Carpenter Technology Stock Down 0.1%

Shares of NYSE CRS opened at $483.26 on Monday. Carpenter Technology Corporation has a 12-month low of $228.00 and a 12-month high of $500.16. The company has a market capitalization of $24.01 billion, a PE ratio of 50.87, a price-to-earnings-growth ratio of 1.79 and a beta of 1.25. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.73 and a quick ratio of 2.08. The firm’s 50-day moving average is $431.54 and its two-hundred day moving average is $376.69.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.18. The company had revenue of $655.60 million for the quarter, compared to the consensus estimate of $797.00 million. Carpenter Technology had a net margin of 15.82% and a return on equity of 25.02%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.88 earnings per share. Equities analysts anticipate that Carpenter Technology Corporation will post 10.55 EPS for the current fiscal year.

Carpenter Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Tuesday, April 28th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 28th. This represents a $0.80 annualized dividend and a yield of 0.2%. Carpenter Technology’s dividend payout ratio is 8.42%.

Insider Activity at Carpenter Technology

In other news, Director Anastasios John Hart sold 750 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $423.86, for a total value of $317,895.00. Following the completion of the sale, the director owned 750 shares of the company’s stock, valued at $317,895. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Marshall D. Akins sold 11,815 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $441.36, for a total transaction of $5,214,668.40. Following the completion of the sale, the vice president directly owned 18,344 shares of the company’s stock, valued at $8,096,307.84. The trade was a 39.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.90% of the company’s stock.

Carpenter Technology Company Profile

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.