SG Americas Securities LLC Acquires 10,161 Shares of Carpenter Technology Corporation $CRS

SG Americas Securities LLC lifted its holdings in shares of Carpenter Technology Corporation (NYSE:CRS) by 84.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 22,213 shares of the basic materials company’s stock after acquiring an additional 10,161 shares during the quarter. SG Americas Securities LLC’s holdings in Carpenter Technology were worth $8,755,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. bought a new stake in Carpenter Technology during the 2nd quarter valued at $28,000. Armstrong Advisory Group Inc. boosted its holdings in shares of Carpenter Technology by 57.3% in the fourth quarter. Armstrong Advisory Group Inc. now owns 118 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 43 shares during the period. Spire Wealth Management boosted its holdings in shares of Carpenter Technology by 164.7% in the fourth quarter. Spire Wealth Management now owns 135 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 84 shares during the period. Headlands Technologies LLC purchased a new position in shares of Carpenter Technology in the second quarter valued at $43,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Carpenter Technology in the second quarter valued at $45,000. 92.03% of the stock is owned by institutional investors.

Carpenter Technology Stock Down 1.3%

Shares of NYSE CRS opened at $591.27 on Friday. The company has a current ratio of 3.73, a quick ratio of 2.08 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average of $478.82 and a 200-day moving average of $402.51. The firm has a market capitalization of $29.38 billion, a price-to-earnings ratio of 62.24, a PEG ratio of 2.04 and a beta of 1.25. Carpenter Technology Corporation has a 12 month low of $228.00 and a 12 month high of $605.11.

Carpenter Technology (NYSE:CRS) last announced its earnings results on Wednesday, April 29th. The basic materials company reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.18. Carpenter Technology had a net margin of 15.82% and a return on equity of 25.02%. The business had revenue of $655.60 million for the quarter, compared to the consensus estimate of $797.00 million. During the same period last year, the firm posted $1.88 earnings per share. Carpenter Technology’s quarterly revenue was up 11.6% on a year-over-year basis. Sell-side analysts expect that Carpenter Technology Corporation will post 10.56 earnings per share for the current fiscal year.

Carpenter Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Tuesday, April 28th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, April 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.1%. Carpenter Technology’s dividend payout ratio is presently 8.42%.

Analyst Ratings Changes

CRS has been the topic of a number of recent research reports. KeyCorp increased their price objective on Carpenter Technology from $453.00 to $459.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Susquehanna lifted their target price on Carpenter Technology from $470.00 to $495.00 and gave the company a “positive” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. upped their price target on Carpenter Technology from $465.00 to $470.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. TD Cowen increased their price target on shares of Carpenter Technology from $450.00 to $470.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Wells Fargo & Company increased their price target on shares of Carpenter Technology from $400.00 to $425.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $458.62.

Key Carpenter Technology News

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

• Positive Sentiment: Zacks Research raised its earnings outlook for Carpenter Technology across several periods, including FY2027 to $12.09 per share and FY2028 to $14.46 per share, reinforcing the view that profit growth remains strong.
• Positive Sentiment: The firm also nudged higher near-term quarterly estimates for Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, Q1 2028, Q2 2028 and Q3 2028, suggesting analysts expect the company’s operating performance to stay solid over time.
• Positive Sentiment: A separate Zacks article highlighted Carpenter Technology as a momentum stock to watch, adding to the bullish narrative around the company. Article title

Insider Buying and Selling at Carpenter Technology

In other news, Director Anastasios John Hart sold 750 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $423.86, for a total transaction of $317,895.00. Following the sale, the director owned 750 shares in the company, valued at approximately $317,895. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Marshall D. Akins sold 11,815 shares of Carpenter Technology 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 sale, the vice president directly owned 18,344 shares of the company’s stock, valued at $8,096,307.84. This represents a 39.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.90% of the company’s stock.

About Carpenter Technology

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.