Carpenter Technology Corporation $CRS Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its position in shares of Carpenter Technology Corporation (NYSE:CRS) by 45.4% during the third quarter, Holdings Channel reports. The institutional investor owned 161,309 shares of the basic materials company’s stock after selling 134,369 shares during the quarter. Voya Investment Management LLC’s holdings in Carpenter Technology were worth $39,608,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Advent International L.P. increased its position in shares of Carpenter Technology by 12.1% in the 1st quarter. Advent International L.P. now owns 804,832 shares of the basic materials company’s stock valued at $145,819,000 after purchasing an additional 87,186 shares during the last quarter. Driehaus Capital Management LLC grew its stake in shares of Carpenter Technology by 79.2% during the first quarter. Driehaus Capital Management LLC now owns 572,946 shares of the basic materials company’s stock worth $103,806,000 after purchasing an additional 253,163 shares in the last quarter. Forest Avenue Capital Management LP increased its holdings in Carpenter Technology by 81.8% in the first quarter. Forest Avenue Capital Management LP now owns 548,067 shares of the basic materials company’s stock valued at $99,299,000 after buying an additional 246,599 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in Carpenter Technology in the second quarter valued at $134,790,000. Finally, Raymond James Financial Inc. lifted its holdings in Carpenter Technology by 244.3% during the 2nd quarter. Raymond James Financial Inc. now owns 411,277 shares of the basic materials company’s stock worth $113,669,000 after buying an additional 291,829 shares during the last quarter. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Carpenter Technology Stock Performance

Shares of CRS opened at $327.26 on Friday. The company’s 50 day simple moving average is $305.16 and its 200-day simple moving average is $272.79. The firm has a market cap of $16.30 billion, a PE ratio of 40.01, a price-to-earnings-growth ratio of 1.37 and a beta of 1.31. Carpenter Technology Corporation has a 12-month low of $138.61 and a 12-month high of $342.11. The company has a current ratio of 4.44, a quick ratio of 2.37 and a debt-to-equity ratio of 0.36.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings results on Thursday, October 23rd. The basic materials company reported $2.43 EPS for the quarter, beating the consensus estimate of $2.13 by $0.30. Carpenter Technology had a net margin of 14.30% and a return on equity of 22.68%. The firm had revenue of $733.70 million during the quarter, compared to the consensus estimate of $741.18 million. During the same quarter in the prior year, the firm earned $1.73 EPS. Carpenter Technology’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities analysts predict that Carpenter Technology Corporation will post 6.83 EPS for the current year.

Carpenter Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Tuesday, October 21st were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, October 21st. This represents a $0.80 annualized dividend and a dividend yield of 0.2%. Carpenter Technology’s dividend payout ratio is 9.78%.

Carpenter Technology News Summary

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

• Positive Sentiment: Zacks Research raised multiple near‑ and longer‑term EPS forecasts for CRS (small bumps to Q4‑2026, Q1/Q3/Q4‑2027 and FY‑2026/2027/2028, including FY‑2028 to $13.92). The upward revisions — though modest — signal analysts see slightly stronger earnings momentum, which is a likely catalyst supporting the stock move today.
• Neutral Sentiment: Zacks kept a “Hold” rating on CRS despite the estimate increases, so while revisions are supportive, the firm is not yet turning bullish; the magnitude of the changes is small and may limit sustained upside absent company-level catalysts.
• Neutral Sentiment: A consumer/retail piece showing how a $1,000 investment in Carpenter performed over the past 10 years could attract additional investor interest and flows, particularly from long‑term retail buyers, but it’s more of a sentiment/visibility boost than a fresh fundamental driver. Here’s How Much a $1000 Investment in Carpenter Technology Made 10 Years Ago Would Be Worth Today

Insider Activity

In related news, COO Brian J. Malloy sold 4,130 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $303.52, for a total transaction of $1,253,537.60. Following the transaction, the chief operating officer owned 78,875 shares of the company’s stock, valued at $23,940,140. This trade represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Elizabeth A. Socci sold 3,900 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $321.25, for a total value of $1,252,875.00. Following the completion of the transaction, the vice president owned 9,594 shares in the company, valued at $3,082,072.50. This trade represents a 28.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 79,358 shares of company stock valued at $24,254,008 in the last quarter. Insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CRS shares. Jones Trading began coverage on Carpenter Technology in a research report on Wednesday, October 22nd. They set a “buy” rating and a $400.00 price objective for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Carpenter Technology in a research note on Thursday, October 30th. KeyCorp upgraded shares of Carpenter Technology from a “sector weight” rating to an “overweight” rating and set a $380.00 price objective for the company in a research report on Thursday, November 13th. BTIG Research upped their target price on shares of Carpenter Technology from $305.00 to $365.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, Cowen reiterated a “buy” rating on shares of Carpenter Technology in a research note on Friday, November 14th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Carpenter Technology presently has an average rating of “Moderate Buy” and a consensus target price of $371.14.

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.