Carpenter Technology Corporation $CRS Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System lifted its stake in shares of Carpenter Technology Corporation (NYSE:CRS) by 22.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,662 shares of the basic materials company’s stock after acquiring an additional 10,521 shares during the period. California State Teachers Retirement System’s holdings in Carpenter Technology were worth $22,727,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CRS. Woodline Partners LP acquired a new stake in shares of Carpenter Technology in the first quarter worth approximately $4,050,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Carpenter Technology by 1.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,785 shares of the basic materials company’s stock worth $18,985,000 after purchasing an additional 1,701 shares during the last quarter. Focus Partners Wealth increased its position in Carpenter Technology by 7.3% during the first quarter. Focus Partners Wealth now owns 4,615 shares of the basic materials company’s stock worth $836,000 after purchasing an additional 314 shares during the last quarter. Quantbot Technologies LP purchased a new position in Carpenter Technology during the second quarter worth approximately $80,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Carpenter Technology during the second quarter worth approximately $533,000. 92.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Anastasios John Hart sold 750 shares of the company’s stock in a transaction 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 sale, the director directly owned 750 shares of the company’s stock, valued at approximately $317,895. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Marshall D. Akins sold 11,815 shares of the company’s 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 of the company’s stock, valued at approximately $8,096,307.84. This trade represents a 39.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.90% of the company’s stock.

Key Carpenter Technology News

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

• Positive Sentiment: Fiscal Q4 earnings exceeded expectations: Carpenter reported adjusted earnings of $3.23 per share, ahead of the $3.09 consensus estimate and up from $2.21 a year earlier. The company also posted 12.6% year-over-year revenue growth, supporting the market’s view that profitability is accelerating. CRS Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management outlined an ambitious growth trajectory: Carpenter entered fiscal 2027 with record profitability, improving aerospace demand and a fiscal 2029 operating-income target of $1.2 billion to $1.3 billion. The outlook reinforces expectations for sustained demand in aerospace and other high-performance materials markets. CRS Q4 Earnings Call Highlights Strong Growth Outlook
• Positive Sentiment: BTIG became more bullish: BTIG raised its price target from $450 to $620 and assigned a “buy” rating, indicating confidence that Carpenter’s earnings growth and industry exposure can support further upside.
• Neutral Sentiment: Analyst views remain positive but targets are being recalibrated: JPMorgan trimmed its target from $705 to $700 while maintaining an “overweight” rating, and Susquehanna reduced its target from $680 to $600 but retained a “positive” rating. These changes suggest valuation or near-term execution concerns, but neither firm turned bearish.
• Negative Sentiment: Revenue performance was mixed relative to estimates: Carpenter reported quarterly revenue of $679.7 million. Although revenue increased year over year, it was below the $863.3 million consensus cited in one report, creating a potential concern despite the EPS beat and strong profitability.

Carpenter Technology Trading Up 3.2%

NYSE CRS opened at $520.02 on Friday. Carpenter Technology Corporation has a one year low of $228.00 and a one year high of $625.98. The company’s 50 day moving average price is $552.95 and its 200 day moving average price is $446.84. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.08 and a current ratio of 3.81. The firm has a market capitalization of $25.84 billion, a price-to-earnings ratio of 49.43, a PEG ratio of 1.46 and a beta of 1.22.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.14. Carpenter Technology had a net margin of 16.96% and a return on equity of 26.46%. The firm had revenue of $679.70 million for the quarter, compared to analysts’ expectations of $863.33 million. During the same period in the previous year, the company posted $2.21 earnings per share. Carpenter Technology’s revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts predict that Carpenter Technology Corporation will post 12.86 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CRS shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $500.00 price target on shares of Carpenter Technology in a report on Thursday, April 30th. KeyCorp increased their target price on Carpenter Technology from $459.00 to $644.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. BTIG Research increased their target price on Carpenter Technology from $450.00 to $620.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company lifted their target price on Carpenter Technology from $400.00 to $425.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Finally, TD Cowen boosted their price target on Carpenter Technology from $470.00 to $650.00 and gave the company a “buy” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $567.38.

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.