North Dakota State Investment Board Invests $531,000 in Carpenter Technology Corporation $CRS

North Dakota State Investment Board purchased a new position in Carpenter Technology Corporation (NYSE:CRS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,688 shares of the basic materials company’s stock, valued at approximately $531,000.

Other institutional investors have also recently made changes to their positions in the company. Woodline Partners LP bought a new position in shares of Carpenter Technology during the 1st quarter valued at $4,050,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Carpenter Technology by 1.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,785 shares of the basic materials company’s stock valued at $18,985,000 after purchasing an additional 1,701 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Carpenter Technology by 7.3% during the 1st quarter. Focus Partners Wealth now owns 4,615 shares of the basic materials company’s stock valued at $836,000 after purchasing an additional 314 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Carpenter Technology during the 2nd quarter valued at $80,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Carpenter Technology during the 2nd quarter valued at $533,000. Institutional investors own 92.03% of the company’s stock.

Insiders Place Their Bets

In other Carpenter Technology news, VP Marshall D. Akins sold 11,815 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $441.36, for a total value of $5,214,668.40. Following the completion of the transaction, the vice president directly owned 18,344 shares in the company, valued at approximately $8,096,307.84. This represents a 39.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James D. Dee sold 15,800 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $391.78, for a total transaction of $6,190,124.00. Following the completion of the sale, the senior vice president directly owned 73,739 shares of the company’s stock, valued at approximately $28,889,465.42. This represents a 17.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 28,365 shares of company stock worth $11,722,687. 2.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on CRS shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $500.00 target price on shares of Carpenter Technology in a report on Thursday, April 30th. JPMorgan Chase & Co. increased 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. Weiss Ratings raised shares of Carpenter Technology from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, May 8th. BTIG Research increased 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, TD Cowen increased 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 research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $438.78.

More Carpenter Technology News

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

• Positive Sentiment: Barron’s said Carpenter Technology could “melt up,” citing earnings momentum, pricing power, and barriers to entry that may support further upside in the stock. Carpenter Technology: This Stock Will Melt Up
• Positive Sentiment: Zacks Research raised multiple earnings estimates for Carpenter Technology, including FY2026, FY2027, FY2028 and several quarterly forecasts, signaling confidence that profit growth will stay strong. Higher EPS estimates typically support a higher valuation for the stock.
• Positive Sentiment: The updated forecasts imply Carpenter Technology could generate about $10.42 per share in FY2026, $11.93 in FY2027, and $14.27 in FY2028, which is above or near the current consensus and reinforces the company’s growth narrative.
• Neutral Sentiment: Zacks also featured Carpenter Technology as a top-ranked growth stock, adding to investor attention but without any new operating update or company announcement. Carpenter Technology (CRS) is a Top-Ranked Growth Stock: Should You Buy?

Carpenter Technology Trading Up 3.7%

Shares of CRS opened at $437.61 on Friday. The stock has a market capitalization of $21.74 billion, a P/E ratio of 46.06, a PEG ratio of 1.57 and a beta of 1.24. The company has a quick ratio of 2.08, a current ratio of 3.73 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $412.67 and a two-hundred day simple moving average of $365.37. Carpenter Technology Corporation has a twelve month low of $219.58 and a twelve month high of $475.69.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.18. The business had revenue of $655.60 million during the quarter, compared to analysts’ expectations of $797.00 million. Carpenter Technology had a net margin of 15.82% and a return on equity of 25.02%. The firm’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 company posted $1.88 EPS. On average, research analysts anticipate that Carpenter Technology Corporation will post 10.49 EPS for the current year.

Carpenter Technology Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is 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%.

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.