Kingdom Financial Group LLC. Makes New Investment in Carpenter Technology Corporation $CRS

Kingdom Financial Group LLC. acquired a new position in Carpenter Technology Corporation (NYSE:CRS) in the 4th quarter, Holdings Channel.com reports. The firm acquired 1,499 shares of the basic materials company’s stock, valued at approximately $472,000.

Other large investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new position in Carpenter Technology in the second quarter worth $28,000. Armstrong Advisory Group Inc. raised its position in 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 in the last quarter. Spire Wealth Management lifted its position in shares of Carpenter Technology by 164.7% during the 4th quarter. Spire Wealth Management now owns 135 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 84 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Carpenter Technology during the 2nd quarter valued at approximately $43,000. Finally, Rakuten Securities Inc. acquired a new stake in shares of Carpenter Technology during the 2nd quarter valued at approximately $45,000. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BTIG Research lifted their price target on shares of Carpenter Technology from $375.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. TD Cowen lifted their price target on shares of Carpenter Technology from $430.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Wells Fargo & Company lifted their price target on shares of Carpenter Technology from $400.00 to $425.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Weiss Ratings upgraded shares of Carpenter Technology from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Finally, Wall Street Zen upgraded shares of Carpenter Technology from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $438.78.

Insider Activity at Carpenter Technology

In other Carpenter Technology news, Director Anastasios John Hart sold 750 shares of the stock in a transaction that occurred 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 transaction, the director owned 750 shares of the company’s stock, valued at $317,895. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP James D. Dee sold 15,800 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 73,739 shares in the company, valued at approximately $28,889,465.42. This represents a 17.65% decrease in their position. The SEC filing for this sale provides additional information. Over 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 insiders.

Carpenter Technology Stock Performance

Carpenter Technology stock opened at $437.61 on Friday. The firm 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 stock has a fifty day moving average price of $412.67 and a 200 day moving average price of $365.37. Carpenter Technology Corporation has a 52 week low of $219.58 and a 52 week high of $475.69. The company has a current ratio of 3.73, a quick ratio of 2.08 and a debt-to-equity ratio of 0.33.

Carpenter Technology (NYSE:CRS) last released its earnings results on Wednesday, April 29th. The basic materials company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.59 by $0.18. The firm had revenue of $655.60 million during the quarter, compared to analyst estimates of $797.00 million. Carpenter Technology had a return on equity of 25.02% and a net margin of 15.82%.The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.88 earnings per share. Equities research analysts anticipate that Carpenter Technology Corporation will post 10.49 earnings per share for the current year.

Carpenter Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Tuesday, April 28th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, April 28th. Carpenter Technology’s dividend payout ratio is presently 8.42%.

Key Headlines Impacting Carpenter Technology

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 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.