Aigen Investment Management LP Grows Stake in Carpenter Technology Corporation $CRS

Key Points

• Aigen Investment Management boosted its stake in Carpenter Technology by 128.4% in the fourth quarter, while other large institutional investors also added shares. Hedge funds and other institutions now own 92.03% of the company.
• Analysts have turned more bullish, with several firms raising price targets and earnings estimates after Carpenter Technology’s latest results. The stock now carries a Moderate Buy consensus rating and an average price target of $458.63.
• The company beat quarterly EPS expectations at $2.77, but revenue came in below forecasts. Shares have also been weighed by insider selling and concerns that the stock’s valuation looks stretched after a strong run.

Aigen Investment Management LP increased its position in shares of Carpenter Technology Corporation (NYSE:CRS - Free Report) by 128.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,988 shares of the basic materials company's stock after buying an additional 2,804 shares during the quarter. Aigen Investment Management LP's holdings in Carpenter Technology were worth $1,570,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Carpenter Technology by 10.1% in the 3rd quarter. State Street Corp now owns 2,096,145 shares of the basic materials company's stock valued at $514,687,000 after purchasing an additional 192,533 shares during the last quarter. Egerton Capital UK LLP raised its holdings in shares of Carpenter Technology by 13.0% in the fourth quarter. Egerton Capital UK LLP now owns 1,553,012 shares of the basic materials company's stock worth $488,950,000 after acquiring an additional 178,679 shares during the last quarter. SurgoCap Partners LP raised its holdings in shares of Carpenter Technology by 29.5% in the third quarter. SurgoCap Partners LP now owns 1,198,895 shares of the basic materials company's stock worth $294,377,000 after acquiring an additional 272,896 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Carpenter Technology by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 975,960 shares of the basic materials company's stock valued at $307,333,000 after purchasing an additional 78,588 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Carpenter Technology by 20.5% in the third quarter. Ameriprise Financial Inc. now owns 631,088 shares of the basic materials company's stock valued at $154,840,000 after purchasing an additional 107,552 shares during the period. Hedge funds and other institutional investors own 92.03% of the company's stock.

Key Headlines Impacting Carpenter Technology

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

• Positive Sentiment: Zacks Research repeatedly nudged up its earnings outlook for Carpenter Technology, raising estimates for FY2026, FY2027, FY2028 and several quarterly periods. Higher forward EPS forecasts can support the stock by reinforcing the view that earnings momentum remains intact. Carpenter Technology contract wins lift pricing power but stretch valuation
• Neutral Sentiment: The revisions were modest, mostly small one-cent increases, suggesting analysts see steady but not dramatic improvement rather than a major near-term catalyst.
• Negative Sentiment: Despite the upbeat earnings estimates, the company is being described as stretched on valuation, which can temper enthusiasm and make investors cautious after the stock’s strong run.

Insider Activity at Carpenter Technology

In related news, Director Anastasios John Hart sold 750 shares of the business'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 completion of the transaction, the director owned 750 shares in the company, valued at $317,895. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Marshall D. Akins sold 11,815 shares of Carpenter Technology stock in a transaction 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 directly owned 18,344 shares of the company's stock, valued at $8,096,307.84. This represents a 39.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.90% of the company's stock.

Analyst Upgrades and Downgrades

CRS has been the subject of a number of recent analyst reports. Susquehanna lifted their price objective on Carpenter Technology from $470.00 to $495.00 and gave the company a "positive" rating in a research report on Thursday, April 30th. BTIG Research boosted their price objective on Carpenter Technology from $375.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Wells Fargo & Company boosted their price objective on Carpenter Technology from $400.00 to $425.00 and gave the stock an "equal weight" rating in a research note on Monday, May 4th. KeyCorp boosted their price objective on Carpenter Technology from $453.00 to $459.00 and gave the stock an "overweight" rating in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $500.00 price objective on shares of Carpenter Technology in a research note on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $458.63.

Carpenter Technology Stock Down 0.4%

NYSE:CRS opened at $560.25 on Friday. The firm has a market capitalization of $27.84 billion, a PE ratio of 58.97, a price-to-earnings-growth ratio of 1.93 and a beta of 1.25. The stock has a 50 day moving average of $446.24 and a 200-day moving average of $383.91. Carpenter Technology Corporation has a 52 week low of $228.00 and a 52 week high of $574.52. The company has a current ratio of 3.73, a quick ratio of 2.08 and a debt-to-equity ratio of 0.33.

Carpenter Technology (NYSE:CRS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.18. Carpenter Technology had a return on equity of 25.02% and a net margin of 15.82%.The company had revenue of $655.60 million during the quarter, compared to the consensus estimate of $797.00 million. During the same quarter in the prior year, the firm earned $1.88 EPS. The company's quarterly revenue was up 11.6% compared to the same quarter last year. Analysts predict that Carpenter Technology Corporation will post 10.56 EPS for the current year.

Carpenter Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Tuesday, April 28th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.1%. Carpenter Technology's dividend payout ratio (DPR) is presently 8.42%.

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.

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