Carpenter Technology Corporation $CRS Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. reduced its holdings in shares of Carpenter Technology Corporation (NYSE:CRS) by 84.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,906 shares of the basic materials company’s stock after selling 10,331 shares during the period. TD Waterhouse Canada Inc.’s holdings in Carpenter Technology were worth $731,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Keating Financial Advisory Services Inc. bought a new stake in shares of Carpenter Technology in the 2nd quarter worth approximately $29,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Carpenter Technology in the 1st quarter valued at $30,000. SJS Investment Consulting Inc. boosted its stake in shares of Carpenter Technology by 81.8% in the 1st quarter. SJS Investment Consulting Inc. now owns 80 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 36 shares in the last quarter. Hollencrest Capital Management purchased a new stake in shares of Carpenter Technology in the 1st quarter valued at $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Carpenter Technology by 43.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 133 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 40 shares during the last quarter. 92.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CRS. Susquehanna decreased their target price on shares of Carpenter Technology from $680.00 to $600.00 and set a “positive” rating on the stock in a research report on Friday, July 31st. KeyCorp lowered their price target on shares of Carpenter Technology from $608.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday, October 8th. TD Cowen cut their price target on shares of Carpenter Technology from $650.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Weiss Ratings restated a “buy (b)” rating on shares of Carpenter Technology in a research report on Monday, August 31st. Finally, Wells Fargo & Company reduced their price objective on Carpenter Technology from $540.00 to $430.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 30th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $519.29.

Key Headlines Impacting Carpenter Technology

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

• Positive Sentiment: EPS beat expectations: Carpenter reported fiscal Q1 2027 adjusted earnings of $3.25 per share, above consensus estimates ranging from $2.97 to $3.04 and up from $2.43 a year earlier. Carpenter Technology Q1 Earnings Beat Estimates
• Positive Sentiment: Profitability improved: The company delivered record first-quarter operating income, up 28% year over year. Productivity gains, improved product mix and pricing actions helped lift the Specialty Alloys Operations segment’s adjusted operating margin to 37.7%. Carpenter Technology Reports First Quarter Fiscal Year 2027 Results
• Positive Sentiment: Aerospace demand is strengthening: Management cited accelerating commercial aerospace supply-chain demand and increased bookings, supporting the company’s longer-term growth outlook. Carpenter also maintained its fiscal 2027 outlook. Carpenter Technology Earnings Up in Q1
• Negative Sentiment: Revenue missed by a wide margin: Quarterly revenue was $634.8 million, up 8.8% year over year but well below the approximately $830.9 million analyst consensus cited in the earnings coverage. The sales miss overshadowed the EPS beat. Why Carpenter Technology Stock Crashed After Earnings
• Negative Sentiment: Valuation heightened the reaction: Investors appear to have viewed the revenue miss as especially concerning given CRS’s elevated valuation, making the stock vulnerable even though earnings growth, margins and the outlook remained positive.

Carpenter Technology Price Performance

CRS opened at $292.34 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.81 and a quick ratio of 2.23. The stock’s 50 day simple moving average is $428.25 and its 200 day simple moving average is $480.10. The firm has a market cap of $14.49 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 1.29 and a beta of 1.29. Carpenter Technology Corporation has a 1 year low of $262.25 and a 1 year high of $625.98.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $3.25 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.21. Carpenter Technology had a return on equity of 26.46% and a net margin of 16.96%. The firm had revenue of $634.80 million during the quarter, compared to the consensus estimate of $830.85 million. During the same quarter in the previous year, the company posted $2.43 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. As a group, analysts predict that Carpenter Technology Corporation will post 13.30 earnings per share for the current year.

Carpenter Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Tuesday, October 20th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, October 20th. This represents a $0.80 annualized dividend and a dividend yield of 0.3%. Carpenter Technology’s dividend payout ratio (DPR) is currently 7.60%.

Insider Buying and Selling

In related news, CEO Tony R. Thene sold 57,456 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $483.90, for a total transaction of $27,802,958.40. Following the completion of the sale, the chief executive officer directly owned 439,631 shares in the company, valued at $212,737,440.90. This represents a 11.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven E. Karol sold 3,275 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $474.08, for a total transaction of $1,552,612.00. Following the sale, the director directly owned 177,000 shares of the company’s stock, valued at $83,912,160. The trade was a 1.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 112,996 shares of company stock valued at $54,644,436 over the last three months. 2.90% of the stock is owned by company insiders.

Carpenter Technology Profile

Carpenter Technology Corporation is a manufacturer of premium specialty metals and engineered materials for demanding applications. The company produces stainless steels, nickel- and cobalt-based alloys, titanium, powder metals, and other high-performance materials designed to withstand extreme temperatures, corrosion, stress, and wear.

Its products are used in aerospace and defense, medical devices, energy, transportation, industrial equipment, and other specialized markets. Carpenter Technology supplies materials in forms such as bar, wire, strip, sheet, and powder, and also provides processing and engineered component solutions through its performance-engineered products operations.

Founded in 1889 as Carpenter Steel Company, the company has developed a global customer base supported by manufacturing, research, and service operations in the United States and international markets.