Tribune Investment Group LP Sells 15,980 Shares of Carpenter Technology Corporation $CRS

Tribune Investment Group LP reduced its stake in Carpenter Technology Corporation (NYSE:CRS) by 81.7% during the second quarter, HoldingsChannel reports. The fund owned 3,580 shares of the basic materials company’s stock after selling 15,980 shares during the period. Tribune Investment Group LP’s holdings in Carpenter Technology were worth $2,208,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Covestor Ltd grew its holdings in shares of Carpenter Technology by 334.3% during the fourth quarter. Covestor Ltd now owns 3,492 shares of the basic materials company’s stock valued at $1,099,000 after buying an additional 2,688 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in Carpenter Technology in the 2nd quarter worth approximately $3,095,000. Peregrine Asset Advisers Inc. purchased a new position in Carpenter Technology in the 4th quarter worth approximately $4,062,000. SteelPeak Wealth LLC bought a new position in Carpenter Technology in the 1st quarter valued at approximately $2,593,000. Finally, Brookstone Capital Management purchased a new stake in Carpenter Technology during the 1st quarter valued at $2,876,000. 92.03% of the stock is currently owned by institutional investors.

Carpenter Technology Stock Up 0.5%

Carpenter Technology stock opened at $494.98 on Monday. The stock has a fifty day moving average of $566.88 and a 200 day moving average of $469.73. Carpenter Technology Corporation has a one year low of $228.00 and a one year high of $625.98. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.23 and a current ratio of 3.81. The stock has a market cap of $24.53 billion, a PE ratio of 47.05, a price-to-earnings-growth ratio of 1.77 and a beta of 1.25.

Carpenter Technology (NYSE:CRS) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.14. The company had revenue of $679.70 million for the quarter, compared to the consensus estimate of $863.33 million. Carpenter Technology had a net margin of 16.96% and a return on equity of 26.46%. The firm’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.21 earnings per share. As a group, sell-side analysts predict that Carpenter Technology Corporation will post 13.08 EPS for the current year.

Carpenter Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 25th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, August 25th. Carpenter Technology’s dividend payout ratio (DPR) is currently 7.60%.

Wall Street Analyst Weigh In

A number of research firms have commented on CRS. Susquehanna reduced their target price on Carpenter Technology from $680.00 to $600.00 and set a “positive” rating for the company in a report on Friday, July 31st. JPMorgan Chase & Co. lowered their price target on Carpenter Technology from $705.00 to $700.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Wall Street Zen cut Carpenter Technology from a “buy” rating to a “hold” rating in a research report on Saturday. BTIG Research lifted their price objective on Carpenter Technology from $450.00 to $620.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, TD Cowen boosted their target price on Carpenter Technology from $470.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Carpenter Technology presently has an average rating of “Buy” and an average target price of $577.25.

Key Stories Impacting Carpenter Technology

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

• Positive Sentiment: Zacks raised its FY2027 EPS forecast to $12.75 from $12.12 and its FY2028 forecast to $14.99 from $14.49, signaling stronger anticipated profit growth. The firm also increased estimates for every listed quarter from Q1 2027 through Q4 2028. Carpenter Technology stock information
• Positive Sentiment: Individual quarterly revisions included Q1 2027 EPS rising to $2.89 from $2.83, Q2 2027 to $2.96 from $2.85, Q3 2027 to $3.33 from $3.19, and Q4 2027 to $3.57 from $3.25. Estimates for Q1 through Q4 2028 were also increased, with Q4 2028 moving to $4.14 from $4.00.
• Positive Sentiment: Zacks Research maintains a “Strong-Buy” rating on CRS, reinforcing the bullish interpretation of the revisions and suggesting confidence in Carpenter Technology’s longer-term earnings outlook.
• Neutral Sentiment: The revisions primarily affect fiscal 2027 and 2028, so they are forward-looking rather than a new report on current-quarter results. The current-year consensus EPS forecast remains $12.92.
• Neutral Sentiment: CRS remains valued at a relatively elevated trailing P/E of about 47, meaning continued gains may depend on the company delivering the projected earnings growth. The stock is also below its 50-day moving average but above its 200-day average.

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.