William Blair Investment Management LLC Cuts Stake in Carpenter Technology Corporation $CRS

William Blair Investment Management LLC reduced its holdings in shares of Carpenter Technology Corporation (NYSE:CRS) by 4.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 466,244 shares of the basic materials company’s stock after selling 21,453 shares during the period. William Blair Investment Management LLC owned about 0.94% of Carpenter Technology worth $114,482,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CRS. TOMS Capital Investment Management LP bought a new position in shares of Carpenter Technology during the 2nd quarter valued at $106,683,000. Qube Research & Technologies Ltd purchased a new stake in Carpenter Technology during the second quarter valued at about $80,711,000. Raymond James Financial Inc. grew its stake in shares of Carpenter Technology by 244.3% during the second quarter. Raymond James Financial Inc. now owns 411,277 shares of the basic materials company’s stock valued at $113,669,000 after buying an additional 291,829 shares during the last quarter. TimesSquare Capital Management LLC increased its holdings in shares of Carpenter Technology by 406.4% in the third quarter. TimesSquare Capital Management LLC now owns 306,970 shares of the basic materials company’s stock worth $75,373,000 after buying an additional 246,348 shares during the period. Finally, HRT Financial LP bought a new stake in shares of Carpenter Technology in the 2nd quarter valued at about $49,629,000. 92.03% of the stock is currently owned by institutional investors.

More Carpenter Technology News

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

Insiders Place Their Bets

In other news, Director Steven E. Karol sold 3,500 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $381.12, for a total value of $1,333,920.00. Following the sale, the director directly owned 225,381 shares of the company’s stock, valued at $85,897,206.72. This represents a 1.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brian J. Malloy sold 43,688 shares of Carpenter Technology stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $304.45, for a total transaction of $13,300,811.60. Following the transaction, the chief operating officer directly owned 78,875 shares of the company’s stock, valued at approximately $24,013,493.75. This trade represents a 35.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 97,758 shares of company stock worth $31,665,177. Company insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CRS. KeyCorp upgraded Carpenter Technology from a “sector weight” rating to an “overweight” rating and set a $380.00 price target on the stock in a research report on Thursday, November 13th. BTIG Research lifted their target price on shares of Carpenter Technology from $365.00 to $375.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. TD Cowen reiterated a “buy” rating on shares of Carpenter Technology in a report on Friday, November 14th. Wall Street Zen raised shares of Carpenter Technology from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Carpenter Technology in a research note on Tuesday, January 27th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $373.43.

Carpenter Technology Stock Performance

NYSE:CRS opened at $397.75 on Friday. The company has a quick ratio of 2.26, a current ratio of 4.25 and a debt-to-equity ratio of 0.35. The firm’s fifty day simple moving average is $346.56 and its 200 day simple moving average is $301.27. The stock has a market cap of $19.81 billion, a P/E ratio of 46.20, a price-to-earnings-growth ratio of 1.56 and a beta of 1.30. Carpenter Technology Corporation has a twelve month low of $138.61 and a twelve month high of $403.81.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings data on Thursday, January 29th. The basic materials company reported $2.33 EPS for the quarter, topping the consensus estimate of $2.20 by $0.13. The business had revenue of $728.00 million during the quarter, compared to analyst estimates of $733.76 million. Carpenter Technology had a net margin of 14.77% and a return on equity of 23.63%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.66 EPS. As a group, research analysts predict that Carpenter Technology Corporation will post 6.83 EPS for the current year.

Carpenter Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, January 27th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, January 27th. Carpenter Technology’s payout ratio is presently 9.29%.

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.