Carpenter Technology Corporation $CRS Shares Sold by Penn Capital Management Company LLC

Penn Capital Management Company LLC lessened its stake in Carpenter Technology Corporation (NYSE:CRS) by 74.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,047 shares of the basic materials company’s stock after selling 2,974 shares during the quarter. Penn Capital Management Company LLC’s holdings in Carpenter Technology were worth $646,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Keating Financial Advisory Services Inc. acquired a new stake in shares of Carpenter Technology in the 2nd quarter worth approximately $29,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Carpenter Technology during the first quarter valued at approximately $30,000. SJS Investment Consulting Inc. boosted its position in shares of Carpenter Technology by 81.8% during 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. Persistent Asset Partners Ltd acquired a new position in shares of Carpenter Technology in the 2nd quarter worth approximately $55,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Carpenter Technology in the 2nd quarter worth approximately $56,000. 92.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CRS has been the subject of several recent research reports. Wall Street Zen lowered shares of Carpenter Technology from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. BTIG Research lifted their price target on shares of Carpenter Technology from $450.00 to $620.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Wells Fargo & Company upped their price target on Carpenter Technology from $425.00 to $540.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th. Zacks Research raised Carpenter Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Finally, JPMorgan Chase & Co. decreased their target price on Carpenter Technology from $705.00 to $700.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $577.25.

Carpenter Technology Stock Performance

Carpenter Technology stock opened at $477.32 on Friday. Carpenter Technology Corporation has a fifty-two week low of $228.00 and a fifty-two week high of $625.98. The firm’s 50 day simple moving average is $557.70 and its 200-day simple moving average is $473.62. 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 company has a market cap of $23.66 billion, a P/E ratio of 45.37, a price-to-earnings-growth ratio of 1.71 and a beta of 1.25.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.23 EPS for the quarter, beating the consensus estimate of $3.09 by $0.14. Carpenter Technology had a net margin of 16.96% and a return on equity of 26.46%. The business had revenue of $679.70 million during the quarter, compared to the consensus estimate of $863.33 million. During the same quarter in the prior year, the firm earned $2.21 EPS. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, equities research analysts predict that Carpenter Technology Corporation will post 13.09 EPS for the current year.

Carpenter Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.2%. Carpenter Technology’s dividend payout ratio is presently 7.60%.

Carpenter Technology News Summary

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

• Positive Sentiment: Zacks Research raised EPS forecasts across multiple periods, including FY2027 to $12.80 from $12.75, FY2028 to $15.08 from $14.99, and FY2029 to $18.44 from $18.31. Quarterly estimates were also increased modestly, with projections of $2.91 for Q1 2027, $2.98 for Q2 2027, $3.34 for Q3 2027, and $3.58 for Q4 2027. Zacks maintained its “Strong-Buy” rating.
• Positive Sentiment: The higher forecasts suggest analysts see continued earnings growth for Carpenter Technology, with projected EPS rising from $12.80 in FY2027 to $18.44 in FY2029. That improving outlook could support the stock over a longer time horizon.
• Neutral Sentiment: The estimate increases were small—generally one to three cents per share—so they may not be large enough to trigger immediate buying. The current-year consensus remains $13.08 per share.
• Negative Sentiment: CRS has recently traded below its 50-day moving average, indicating near-term technical pressure. At roughly 45 times earnings, the stock also carries a demanding valuation, which can make investors more sensitive to profit-taking or modest changes in expectations.

Insider Buying and Selling at Carpenter Technology

In other news, Director Ramin Younessi sold 438 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $493.15, for a total value of $215,999.70. Following the completion of the sale, the director owned 1,953 shares of the company’s stock, valued at $963,121.95. This trade represents a 18.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Tony R. Thene sold 57,456 shares of Carpenter Technology stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $483.90, for a total value of $27,802,958.40. Following the transaction, the chief executive officer owned 439,631 shares in the company, valued at $212,737,440.90. This represents a 11.56% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 109,721 shares of company stock valued at $53,091,824. 2.90% of the stock is currently owned by insiders.

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.