Northwestern Mutual Wealth Management Co. Increases Stock Position in Carpenter Technology Corporation $CRS

Northwestern Mutual Wealth Management Co. lifted its position in shares of Carpenter Technology Corporation (NYSE:CRS) by 82.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,905 shares of the basic materials company’s stock after acquiring an additional 12,142 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Carpenter Technology were worth $8,471,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CRS. Thrivent Financial for Lutherans lifted its stake in Carpenter Technology by 0.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 12,692 shares of the basic materials company’s stock valued at $4,002,000 after buying an additional 117 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in Carpenter Technology in the 4th quarter valued at approximately $1,655,000. Allworth Financial LP lifted its stake in Carpenter Technology by 0.9% in the 4th quarter. Allworth Financial LP now owns 7,054 shares of the basic materials company’s stock valued at $2,221,000 after buying an additional 66 shares in the last quarter. Independent Advisor Alliance lifted its stake in Carpenter Technology by 51.4% in the 4th quarter. Independent Advisor Alliance now owns 10,107 shares of the basic materials company’s stock valued at $3,182,000 after buying an additional 3,433 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Carpenter Technology by 4.6% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,682 shares of the basic materials company’s stock valued at $4,308,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Carpenter Technology Trading Down 1.0%

CRS opened at $434.10 on Friday. Carpenter Technology Corporation has a fifty-two week low of $219.58 and a fifty-two week high of $475.69. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.73 and a quick ratio of 2.08. The firm has a market capitalization of $21.57 billion, a price-to-earnings ratio of 45.69, a PEG ratio of 1.63 and a beta of 1.24. The company’s 50 day moving average price is $413.19 and its two-hundred day moving average price is $365.85.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.18. The firm had revenue of $655.60 million for the quarter, compared to the consensus estimate of $797.00 million. Carpenter Technology had a net margin of 15.82% and a return on equity of 25.02%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.88 EPS. As a group, research analysts predict that Carpenter Technology Corporation will post 10.49 earnings per share for the current year.

Carpenter Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Tuesday, April 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, April 28th. Carpenter Technology’s payout ratio is presently 8.42%.

Insider Activity at Carpenter Technology

In related news, SVP James D. Dee sold 15,800 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $391.78, for a total transaction of $6,190,124.00. Following the transaction, the senior vice president owned 73,739 shares in the company, valued at $28,889,465.42. The trade was a 17.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Marshall D. Akins sold 11,815 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $441.36, for a total transaction of $5,214,668.40. Following the transaction, the vice president owned 18,344 shares in the company, valued at $8,096,307.84. The trade was a 39.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,365 shares of company stock worth $11,722,687 in the last quarter. Company insiders own 2.90% of the company’s stock.

Key Stories Impacting Carpenter Technology

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

• Positive Sentiment: Zacks Research raised Carpenter Technology’s earnings estimates for several future periods, including FY2026, FY2027, FY2028, and multiple quarterly forecasts, suggesting stronger profit momentum ahead.
• Positive Sentiment: Barron’s published a bullish view titled “This Stock Will Melt Up,” arguing that earnings momentum, pricing power, and barriers to entry could support significant upside from here. Barron’s article on Carpenter Technology
• Positive Sentiment: Carpenter Technology has outperformed many basic materials peers year to date, reinforcing the market’s view that its fundamentals are better than the sector average. Zacks article on CRS performance vs peers
• Neutral Sentiment: Analyst revisions were mixed in the latest note set, with some near-term estimates nudged up and one Q4 2027 estimate trimmed, but the overall direction remained positive.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Carpenter Technology from $400.00 to $425.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Susquehanna boosted their price target on Carpenter Technology from $470.00 to $495.00 and gave the company a “positive” rating in a report on Thursday, April 30th. 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. TD Cowen boosted their price target on Carpenter Technology from $450.00 to $470.00 and gave the company a “buy” rating in a report on Friday. Finally, KeyCorp boosted their price target on Carpenter Technology from $453.00 to $459.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Carpenter Technology currently has an average rating of “Moderate Buy” and a consensus target price of $441.00.

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.