Empowered Funds LLC Takes Position in Carpenter Technology Corporation $CRS

Empowered Funds LLC acquired a new position in Carpenter Technology Corporation (NYSE:CRS) during the second quarter, according to its most recent filing with the SEC. The firm acquired 14,538 shares of the basic materials company’s stock, valued at approximately $8,968,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wealthcare Advisory Partners LLC grew its holdings in shares of Carpenter Technology by 1.7% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,148 shares of the basic materials company’s stock worth $708,000 after acquiring an additional 19 shares during the period. Meeder Advisory Services Inc. increased its stake in shares of Carpenter Technology by 3.7% in the 4th quarter. Meeder Advisory Services Inc. now owns 889 shares of the basic materials company’s stock worth $280,000 after acquiring an additional 32 shares in the last quarter. Abel Hall LLC lifted its position in 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 during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in Carpenter Technology by 0.3% during 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 in the last quarter. Finally, Essential Partners LLC grew its holdings in Carpenter Technology by 9.9% in the first quarter. Essential Partners LLC now owns 378 shares of the basic materials company’s stock worth $149,000 after purchasing an additional 34 shares during the period. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Insider Transactions at Carpenter Technology

In other news, Director Ramin Younessi sold 438 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $493.15, for a total value of $215,999.70. Following the transaction, the director owned 1,953 shares in the company, valued at $963,121.95. This represents a 18.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $27,802,958.40. Following the sale, the chief executive officer owned 439,631 shares of the company’s stock, valued at $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. Over the last 90 days, insiders have sold 109,721 shares of company stock valued at $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.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. TD Cowen boosted their price target on Carpenter Technology from $470.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Weiss Ratings downgraded Carpenter Technology from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Susquehanna cut their target price on Carpenter Technology from $680.00 to $600.00 and set a “positive” rating on the stock in a research note on Friday, July 31st. JPMorgan Chase & Co. lowered their price target 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. Finally, KeyCorp dropped their price target on shares of Carpenter Technology from $644.00 to $608.00 and set an “overweight” rating on the stock in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $577.25.

Carpenter Technology Stock Down 2.7%

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

Carpenter Technology (NYSE:CRS) last announced its earnings results on Thursday, July 30th. The basic materials company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.14. Carpenter Technology had a net margin of 16.96% and a return on equity of 26.46%. The business had revenue of $679.70 million during the quarter, compared to analyst estimates of $863.33 million. During the same period in the previous year, the business earned $2.21 EPS. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. Equities research analysts forecast that Carpenter Technology Corporation will post 13.09 earnings per share for the current year.

Carpenter Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Tuesday, August 25th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, August 25th. Carpenter Technology’s dividend payout ratio (DPR) is presently 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.