Northwestern Mutual Wealth Management Co. Invests $8.37 Million in Carpenter Technology Corporation $CRS

Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Carpenter Technology Corporation (NYSE:CRS) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 13,569 shares of the basic materials company’s stock, valued at approximately $8,370,000.

Other hedge funds also recently bought and sold shares of the company. Covestor Ltd lifted its stake in Carpenter Technology by 334.3% in the fourth quarter. Covestor Ltd now owns 3,492 shares of the basic materials company’s stock worth $1,099,000 after purchasing an additional 2,688 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new stake in Carpenter Technology during the second quarter valued at about $3,095,000. Peregrine Asset Advisers Inc. bought a new position in shares of Carpenter Technology during the fourth quarter valued at about $4,062,000. SteelPeak Wealth LLC bought a new position in shares of Carpenter Technology during the first quarter valued at about $2,593,000. Finally, Brookstone Capital Management bought a new position in shares of Carpenter Technology during the first quarter valued at about $2,876,000. Institutional investors own 92.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. BTIG Research boosted their target price on Carpenter Technology from $450.00 to $620.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Wells Fargo & Company raised their price target on Carpenter Technology from $425.00 to $540.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $500.00 price target on shares of Carpenter Technology in a research note on Thursday, April 30th. Wall Street Zen downgraded Carpenter Technology from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. lowered their price objective on Carpenter Technology from $705.00 to $700.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carpenter Technology has a consensus rating of “Buy” and a consensus price target of $577.25.

Trending Headlines about Carpenter Technology

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

• Positive Sentiment: Zacks raised its FY2027 EPS forecast to $12.75 from $12.12 and its FY2028 forecast to $14.99 from $14.49, signaling stronger anticipated profit growth. The firm also increased estimates for every listed quarter from Q1 2027 through Q4 2028. Carpenter Technology stock information
• Positive Sentiment: Individual quarterly revisions included Q1 2027 EPS rising to $2.89 from $2.83, Q2 2027 to $2.96 from $2.85, Q3 2027 to $3.33 from $3.19, and Q4 2027 to $3.57 from $3.25. Estimates for Q1 through Q4 2028 were also increased, with Q4 2028 moving to $4.14 from $4.00.
• Positive Sentiment: Zacks Research maintains a “Strong-Buy” rating on CRS, reinforcing the bullish interpretation of the revisions and suggesting confidence in Carpenter Technology’s longer-term earnings outlook.
• Neutral Sentiment: The revisions primarily affect fiscal 2027 and 2028, so they are forward-looking rather than a new report on current-quarter results. The current-year consensus EPS forecast remains $12.92.
• Neutral Sentiment: CRS remains valued at a relatively elevated trailing P/E of about 47, meaning continued gains may depend on the company delivering the projected earnings growth. The stock is also below its 50-day moving average but above its 200-day average.

Carpenter Technology Price Performance

CRS stock opened at $494.98 on Monday. The firm’s 50-day moving average price is $566.88 and its two-hundred day moving average price is $469.73. Carpenter Technology Corporation has a 12-month low of $228.00 and a 12-month high of $625.98. The stock has a market capitalization of $24.53 billion, a price-to-earnings ratio of 47.05, a PEG ratio of 1.77 and a beta of 1.25. The company has a current ratio of 3.81, a quick ratio of 2.23 and a debt-to-equity ratio of 0.31.

Carpenter Technology (NYSE:CRS) last posted its earnings results on Thursday, July 30th. The basic materials company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.14. The company had revenue of $679.70 million during the quarter, compared to analyst estimates of $863.33 million. Carpenter Technology had a net margin of 16.96% and a return on equity of 26.46%. Carpenter Technology’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.21 earnings per share. As a group, equities analysts predict that Carpenter Technology Corporation will post 13.08 earnings per share for the current year.

Carpenter Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Tuesday, August 25th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $0.80 annualized dividend and a yield of 0.2%. Carpenter Technology’s dividend payout ratio (DPR) is 7.60%.

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.