Great Lakes Advisors LLC Sells 2,723 Shares of Carpenter Technology Corporation $CRS

Great Lakes Advisors LLC decreased its stake in shares of Carpenter Technology Corporation (NYSE:CRS) by 19.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 11,262 shares of the basic materials company’s stock after selling 2,723 shares during the period. Great Lakes Advisors LLC’s holdings in Carpenter Technology were worth $2,765,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CRS. Geneos Wealth Management Inc. bought a new stake in shares of Carpenter Technology during the second quarter valued at approximately $28,000. Root Financial Partners LLC bought a new position in Carpenter Technology in the third quarter worth approximately $41,000. MassMutual Private Wealth & Trust FSB raised its position in Carpenter Technology by 54.1% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 171 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 60 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Carpenter Technology in the 2nd quarter worth $43,000. Finally, Rakuten Securities Inc. purchased a new stake in shares of Carpenter Technology in the 2nd quarter worth $45,000. 92.03% of the stock is currently owned by institutional investors.

Carpenter Technology Stock Up 2.3%

Shares of Carpenter Technology stock opened at $317.46 on Friday. The company has a quick ratio of 2.37, a current ratio of 4.25 and a debt-to-equity ratio of 0.35. The company has a market cap of $15.82 billion, a P/E ratio of 36.87, a PEG ratio of 1.30 and a beta of 1.29. The firm’s 50 day moving average price is $324.60 and its 200-day moving average price is $286.84. Carpenter Technology Corporation has a 52-week low of $138.61 and a 52-week high of $355.00.

Carpenter Technology (NYSE:CRS) last announced its earnings results on Thursday, January 29th. The basic materials company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.13. Carpenter Technology had a net margin of 14.77% and a return on equity of 23.63%. The company had revenue of $589.10 million during the quarter, compared to the consensus estimate of $733.76 million. During the same period last year, the firm earned $1.66 earnings per share. Carpenter Technology’s revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts predict that Carpenter Technology Corporation will post 6.83 EPS for the current fiscal year.

Carpenter Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Tuesday, January 27th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, January 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.3%. Carpenter Technology’s dividend payout ratio (DPR) is presently 9.78%.

Insider Activity

In other news, VP Elizabeth A. Socci sold 3,900 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $321.25, for a total transaction of $1,252,875.00. Following the sale, the vice president owned 9,594 shares in the company, valued at approximately $3,082,072.50. The trade was a 28.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Brian J. Malloy sold 43,688 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $304.45, for a total transaction of $13,300,811.60. Following the transaction, the chief operating officer owned 78,875 shares in the company, valued at approximately $24,013,493.75. This trade represents a 35.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 79,358 shares of company stock worth $24,254,008 over the last ninety days. 2.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. KeyCorp upgraded Carpenter Technology from a “sector weight” rating to an “overweight” rating and set a $380.00 price objective for the company in a report on Thursday, November 13th. JPMorgan Chase & Co. boosted their price target on shares of Carpenter Technology from $388.00 to $394.00 and gave the company an “overweight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft set a $425.00 price target on shares of Carpenter Technology and gave the stock a “buy” rating in a research report on Friday, October 24th. Wall Street Zen raised shares of Carpenter Technology from a “hold” rating to a “buy” rating in a report on Saturday. Finally, TD Cowen restated a “buy” rating on shares of Carpenter Technology in a report on Friday, November 14th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $373.43.

Key Carpenter Technology News

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

• Positive Sentiment: JPMorgan raised its price target to $394 and kept an “overweight” rating, implying roughly ~24% upside from the referenced price — a clear institutional endorsement that can support further buying interest. Article Title
• Positive Sentiment: BTIG bumped its target to $375 and reiterated a “buy” rating (≈18% upside), adding another analyst upward revision that helps validate management’s message on margins and demand. Article Title
• Positive Sentiment: Q2 results: EPS of $2.33 beat consensus ($2.20) and management raised full‑year guidance; operating income hit a record for the quarter — positive for margin expansion and near-term profitability. Article Title
• Positive Sentiment: Company reported accelerating aerospace & defense bookings and completed negotiations for several long‑term aerospace agreements — supports revenue visibility and higher-value contract mix. Article Title
• Neutral Sentiment: Analyst and news coverage (Zacks, Seeking Alpha, Benzinga) provide transcripts, call highlights and metric breakdowns for investors digging into guidance, ROE and margin drivers. Useful for assessing whether beats are sustainable. Article Title
• Negative Sentiment: Revenue came in at $589.1M versus a consensus near $733.8M — a sizeable miss (even as EPS beat), which may temper expectations about top‑line strength and could limit multiple expansion if recurring. Article Title

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.