Hanseatic Management Services Inc. Takes $2.02 Million Position in Carpenter Technology Corporation $CRS

Hanseatic Management Services Inc. bought a new position in Carpenter Technology Corporation (NYSE:CRS) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,124 shares of the basic materials company’s stock, valued at approximately $2,020,000. Carpenter Technology comprises 1.9% of Hanseatic Management Services Inc.’s portfolio, making the stock its 16th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Advisory Services Inc. grew its stake in Carpenter Technology by 3.7% during the 4th quarter. Meeder Advisory Services Inc. now owns 889 shares of the basic materials company’s stock valued at $280,000 after purchasing an additional 32 shares during the last quarter. Abel Hall LLC raised its stake in shares of Carpenter Technology by 3.2% in the fourth quarter. Abel Hall LLC now owns 1,019 shares of the basic materials company’s stock worth $321,000 after purchasing an additional 32 shares during the last quarter. Brown Miller Wealth Management LLC raised its stake in shares of Carpenter Technology by 2.4% in the fourth quarter. Brown Miller Wealth Management LLC now owns 1,411 shares of the basic materials company’s stock worth $444,000 after purchasing an additional 33 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Carpenter Technology by 0.3% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 11,146 shares of the basic materials company’s stock worth $3,509,000 after purchasing an additional 34 shares during the period. Finally, SJS Investment Consulting Inc. lifted its holdings in shares of Carpenter Technology by 81.8% during the first quarter. SJS Investment Consulting Inc. now owns 80 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 92.03% of the company’s stock.

Insider Activity at Carpenter Technology

In other news, Director Anastasios John Hart sold 750 shares of Carpenter Technology 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 completion of the transaction, the director directly owned 750 shares of the company’s stock, valued at $317,895. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Marshall D. Akins sold 11,815 shares of the 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 in the company, valued at $8,096,307.84. This trade represents a 39.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.90% of the stock is owned by insiders.

Carpenter Technology Stock Up 0.4%

Carpenter Technology stock opened at $556.52 on Friday. The firm has a market cap of $27.65 billion, a price-to-earnings ratio of 58.58, a price-to-earnings-growth ratio of 1.57 and a beta of 1.22. Carpenter Technology Corporation has a 52 week low of $228.00 and a 52 week high of $625.98. The business’s 50-day moving average price is $525.05 and its 200 day moving average price is $430.40. The company has a quick ratio of 2.08, a current ratio of 3.73 and a debt-to-equity ratio of 0.33.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.18. Carpenter Technology had a return on equity of 25.02% and a net margin of 15.82%.The company had revenue of $655.60 million during the quarter, compared to analysts’ expectations of $797.00 million. During the same period last year, the business earned $1.88 earnings per share. Carpenter Technology’s quarterly revenue was up 11.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Carpenter Technology Corporation will post 10.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CRS shares. Wells Fargo & Company upped their target price on Carpenter Technology from $400.00 to $425.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. raised their price target on shares of Carpenter Technology from $470.00 to $705.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Carpenter Technology in a report on Thursday, April 30th. Zacks Research upgraded shares of Carpenter Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, TD Cowen raised their target price on shares of Carpenter Technology from $470.00 to $650.00 and gave the stock a “buy” rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Carpenter Technology currently has a consensus rating of “Buy” and a consensus target price of $556.75.

Carpenter Technology News Roundup

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

• Positive Sentiment: Zacks Research upgraded Carpenter Technology from hold to strong-buy, signaling increased confidence in the company’s outlook. Zacks.com
• Positive Sentiment: The firm also nudged up earnings estimates across multiple periods, including Q1 2027 to $2.83 EPS, Q2 2027 to $2.85 EPS, Q4 2027 to $3.25 EPS, and FY2027 to $12.12 EPS, suggesting improving profit expectations.
• Positive Sentiment: Longer-term projections were also raised, with estimates for FY2028 EPS lifted to $14.49, reinforcing the view that earnings growth could remain strong. Tickerreport.com
• Neutral Sentiment: The consensus full-year earnings estimate remains at $10.57 per share, so the move appears driven more by analyst optimism than by a fresh company announcement.

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.