Harvest Fund Management Co. Ltd Boosts Holdings in Carpenter Technology Corporation $CRS

Harvest Fund Management Co. Ltd grew its position in Carpenter Technology Corporation (NYSE:CRS) by 490.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,461 shares of the basic materials company’s stock after purchasing an additional 2,044 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Carpenter Technology were worth $775,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. purchased a new stake in shares of Carpenter Technology in the 2nd quarter valued at approximately $28,000. Armstrong Advisory Group Inc. grew its stake in shares of Carpenter Technology by 57.3% in the 4th quarter. Armstrong Advisory Group Inc. now owns 118 shares of the basic materials company’s stock valued at $37,000 after buying an additional 43 shares during the period. Spire Wealth Management grew its stake in shares of Carpenter Technology by 164.7% in the 4th quarter. Spire Wealth Management now owns 135 shares of the basic materials company’s stock valued at $42,000 after buying an additional 84 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Carpenter Technology in the 2nd quarter valued at approximately $43,000. Finally, Rakuten Securities Inc. purchased a new stake in shares of Carpenter Technology in the 2nd quarter valued at approximately $45,000. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CRS shares. JPMorgan Chase & Co. increased their price target on shares of Carpenter Technology from $465.00 to $470.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. BTIG Research increased their price target on shares of Carpenter Technology from $375.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. TD Cowen increased their price target on shares of Carpenter Technology from $450.00 to $470.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Susquehanna upped their price objective on shares of Carpenter Technology from $470.00 to $495.00 and gave the stock a “positive” rating in a report on Thursday, April 30th. Finally, KeyCorp upped their price objective on shares of Carpenter Technology from $453.00 to $459.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Carpenter Technology currently has an average rating of “Moderate Buy” and an average target price of $441.00.

Insider Activity at Carpenter Technology

In other news, Director Anastasios John Hart sold 750 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $423.86, for a total value of $317,895.00. Following the transaction, the director directly owned 750 shares in the company, valued at approximately $317,895. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Marshall D. Akins sold 11,815 shares of the stock in a transaction that occurred 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 owned 18,344 shares in the company, 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. Corporate insiders own 2.90% of the company’s stock.

Carpenter Technology Stock Performance

Shares of CRS stock opened at $483.26 on Friday. The firm’s 50 day moving average price is $431.54 and its 200-day moving average price is $376.37. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.08 and a current ratio of 3.73. Carpenter Technology Corporation has a one year low of $228.00 and a one year high of $500.16. The firm has a market cap of $24.01 billion, a P/E ratio of 50.87, a P/E/G ratio of 1.82 and a beta of 1.25.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.59 by $0.18. Carpenter Technology had a net margin of 15.82% and a return on equity of 25.02%. The firm had revenue of $655.60 million for the quarter, compared to analyst estimates of $797.00 million. During the same period in the prior year, the business posted $1.88 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, equities research analysts predict that Carpenter Technology Corporation will post 10.55 EPS for the current year.

Carpenter Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Tuesday, April 28th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, April 28th. Carpenter Technology’s dividend payout ratio is currently 8.42%.

Trending Headlines about Carpenter Technology

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

• Positive Sentiment: Zacks Research increased its earnings outlook for Carpenter Technology across several future periods, including FY2026, FY2027, and FY2028, reflecting a more optimistic profit forecast. Article Title
• Positive Sentiment: The analyst team also nudged near-term quarterly EPS estimates higher for Q4 2026, Q1 2027, Q2 2027, Q3 2027, and Q4 2027, reinforcing the view that earnings momentum remains intact.
• Positive Sentiment: The stock has been strong recently, and the upgraded earnings estimates help support investor confidence in Carpenter Technology’s valuation and growth story.

Carpenter Technology 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.