Jupiter Topco LLC Takes $13.06 Million Position in Carpenter Technology Corporation $CRS

Jupiter Topco LLC bought a new position in Carpenter Technology Corporation (NYSE:CRS) during the 2nd quarter, Holdings Channel.com reports. The fund bought 21,188 shares of the basic materials company’s stock, valued at approximately $13,057,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRS. Kinetic Partners Management LP purchased a new position in Carpenter Technology during the second quarter valued at $19,122,000. Hsbc Holdings PLC purchased a new stake in Carpenter Technology in the 2nd quarter worth $2,565,000. PDT Partners LLC bought a new position in shares of Carpenter Technology during the 2nd quarter valued at about $3,597,000. Castleark Management LLC bought a new position in shares of Carpenter Technology during the 2nd quarter valued at about $1,530,000. Finally, Nicholas Investment Partners LP purchased a new position in shares of Carpenter Technology during the second quarter valued at about $26,927,000. Institutional investors own 92.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CRS. Susquehanna reduced their target price on Carpenter Technology from $680.00 to $600.00 and set a “positive” rating on the stock in a report on Friday, July 31st. Wells Fargo & Company increased their price target on Carpenter Technology from $425.00 to $540.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 4th. Wall Street Zen downgraded Carpenter Technology from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. TD Cowen lifted their price objective on Carpenter Technology from $470.00 to $650.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Finally, JPMorgan Chase & Co. lowered their target price on Carpenter Technology from $705.00 to $700.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $577.25.

Insider Activity at Carpenter Technology

In other Carpenter Technology news, CEO Tony R. Thene sold 57,456 shares of Carpenter Technology stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $483.90, for a total transaction of $27,802,958.40. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ramin Younessi sold 438 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $493.15, for a total transaction of $215,999.70. Following the transaction, the director owned 1,953 shares in the company, valued at $963,121.95. This trade represents a 18.32% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 109,721 shares of company stock worth $53,091,824. Corporate insiders own 2.90% of the company’s stock.

Key Carpenter Technology News

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

• Positive Sentiment: Zacks Research raised EPS forecasts across multiple periods, including FY2027 to $12.80 from $12.75, FY2028 to $15.08 from $14.99, and FY2029 to $18.44 from $18.31. Quarterly estimates were also increased modestly, with projections of $2.91 for Q1 2027, $2.98 for Q2 2027, $3.34 for Q3 2027, and $3.58 for Q4 2027. Zacks maintained its “Strong-Buy” rating.
• Positive Sentiment: The higher forecasts suggest analysts see continued earnings growth for Carpenter Technology, with projected EPS rising from $12.80 in FY2027 to $18.44 in FY2029. That improving outlook could support the stock over a longer time horizon.
• Neutral Sentiment: The estimate increases were small—generally one to three cents per share—so they may not be large enough to trigger immediate buying. The current-year consensus remains $13.08 per share.
• Negative Sentiment: CRS has recently traded below its 50-day moving average, indicating near-term technical pressure. At roughly 45 times earnings, the stock also carries a demanding valuation, which can make investors more sensitive to profit-taking or modest changes in expectations.

Carpenter Technology Stock Down 2.7%

Shares of NYSE CRS opened at $477.32 on Friday. The company has a current ratio of 3.81, a quick ratio of 2.23 and a debt-to-equity ratio of 0.31. Carpenter Technology Corporation has a 12-month low of $228.00 and a 12-month high of $625.98. The firm’s 50-day moving average price is $557.70 and its 200-day moving average price is $473.62. The stock has a market capitalization of $23.66 billion, a price-to-earnings ratio of 45.37, a P/E/G ratio of 1.71 and a beta of 1.25.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.23 EPS for the quarter, topping the consensus estimate of $3.09 by $0.14. Carpenter Technology had a return on equity of 26.46% and a net margin of 16.96%.The company had revenue of $679.70 million during the quarter, compared to analyst estimates of $863.33 million. During the same quarter last year, the business posted $2.21 earnings per share. The firm’s revenue was up 12.6% on a year-over-year basis. On average, equities research analysts anticipate that Carpenter Technology Corporation will post 13.09 EPS for the current fiscal year.

Carpenter Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 25th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. Carpenter Technology’s payout ratio is 7.60%.

Carpenter Technology 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.