Carpenter Technology Corporation $CRS Shares Sold by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada cut its Carpenter Technology position by 84.4%, selling 10,331 shares and retaining 1,906 shares valued at approximately $731,000. Institutional investors collectively still own 92.03% of the company.
• Carpenter Technology reported quarterly EPS of $3.25, beating the $3.04 consensus, while revenue rose 8.8% year over year to $634.8 million but fell well short of the roughly $830.9 million estimate. Shares opened at $292.34, down 20.6%, amid the revenue miss and elevated valuation.
• The company declared a quarterly dividend of $0.20 per share, equal to an annualized $0.80 payout and a 0.3% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $519.29, although insider selling—including substantial sales by the CEO—has continued.

TD Waterhouse Canada Inc. lessened its position in shares of Carpenter Technology Corporation (NYSE:CRS - Free Report) by 84.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,906 shares of the basic materials company's stock after selling 10,331 shares during the period. TD Waterhouse Canada Inc.'s holdings in Carpenter Technology were worth $731,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Perryman Financial Advisory Inc. AD boosted its holdings in Carpenter Technology by 57.0% in the 3rd quarter. Perryman Financial Advisory Inc. AD now owns 1,190 shares of the basic materials company's stock valued at $463,000 after purchasing an additional 432 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Carpenter Technology during the 3rd quarter valued at $12,657,000. Mather Group LLC. increased its holdings in shares of Carpenter Technology by 19.5% in the third quarter. Mather Group LLC. now owns 2,441 shares of the basic materials company's stock worth $949,000 after purchasing an additional 398 shares during the period. Mezzasalma Advisors LLC increased its holdings in shares of Carpenter Technology by 0.3% in the third quarter. Mezzasalma Advisors LLC now owns 14,518 shares of the basic materials company's stock worth $5,645,000 after purchasing an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Carpenter Technology by 43.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 133 shares of the basic materials company's stock worth $52,000 after purchasing an additional 40 shares during the period. 92.03% of the stock is currently owned by hedge funds and other institutional investors.

Carpenter Technology Trading Down 20.6%

Shares of Carpenter Technology stock opened at $292.34 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.81 and a quick ratio of 2.23. Carpenter Technology Corporation has a 1 year low of $262.25 and a 1 year high of $625.98. The firm has a market cap of $14.49 billion, a PE ratio of 27.79, a PEG ratio of 1.29 and a beta of 1.29. The company has a 50 day simple moving average of $428.25 and a two-hundred day simple moving average of $480.10.

Carpenter Technology (NYSE:CRS - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $3.25 EPS for the quarter, topping analysts' consensus estimates of $3.04 by $0.21. The firm had revenue of $634.80 million for the quarter, compared to analyst estimates of $830.85 million. Carpenter Technology had a net margin of 16.96% and a return on equity of 26.46%. The business's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.43 EPS. Analysts expect that Carpenter Technology Corporation will post 13.30 earnings per share for the current fiscal year.

Carpenter Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Tuesday, October 20th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, October 20th. Carpenter Technology's payout ratio is currently 7.60%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CRS. Wall Street Zen downgraded Carpenter Technology from a "buy" rating to a "hold" rating in a research report on Saturday, October 10th. KeyCorp reduced their target price on Carpenter Technology from $608.00 to $465.00 and set an "overweight" rating for the company in a research report on Thursday, October 8th. Susquehanna reduced their target price on Carpenter Technology from $680.00 to $600.00 and set a "positive" rating for the company in a research report on Friday, July 31st. BTIG Research upped their target price on Carpenter Technology from $450.00 to $620.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Carpenter Technology in a report on Monday, August 31st. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Carpenter Technology has a consensus rating of "Moderate Buy" and an average target price of $519.29.

Key Carpenter Technology News

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

• Positive Sentiment: EPS beat expectations: Carpenter reported fiscal Q1 2027 adjusted earnings of $3.25 per share, above consensus estimates ranging from $2.97 to $3.04 and up from $2.43 a year earlier. Carpenter Technology Q1 Earnings Beat Estimates
• Positive Sentiment: Profitability improved: The company delivered record first-quarter operating income, up 28% year over year. Productivity gains, improved product mix and pricing actions helped lift the Specialty Alloys Operations segment’s adjusted operating margin to 37.7%. Carpenter Technology Reports First Quarter Fiscal Year 2027 Results
• Positive Sentiment: Aerospace demand is strengthening: Management cited accelerating commercial aerospace supply-chain demand and increased bookings, supporting the company’s longer-term growth outlook. Carpenter also maintained its fiscal 2027 outlook. Carpenter Technology Earnings Up in Q1
• Negative Sentiment: Revenue missed by a wide margin: Quarterly revenue was $634.8 million, up 8.8% year over year but well below the approximately $830.9 million analyst consensus cited in the earnings coverage. The sales miss overshadowed the EPS beat. Why Carpenter Technology Stock Crashed After Earnings
• Negative Sentiment: Valuation heightened the reaction: Investors appear to have viewed the revenue miss as especially concerning given CRS’s elevated valuation, making the stock vulnerable even though earnings growth, margins and the outlook remained positive.

Insider Buying and Selling

In other Carpenter Technology news, Director Ramin Younessi sold 438 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $493.15, for a total transaction of $215,999.70. Following the sale, the director owned 1,953 shares in the company, valued at $963,121.95. This trade represents a 18.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tony R. Thene sold 57,456 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer owned 439,631 shares in the company, valued at $212,737,440.90. The trade was a 11.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 112,996 shares of company stock worth $54,644,436. Corporate insiders own 2.90% of the company's stock.

About Carpenter Technology

Carpenter Technology Corporation is a manufacturer of premium specialty metals and engineered materials for demanding applications. The company produces stainless steels, nickel- and cobalt-based alloys, titanium, powder metals, and other high-performance materials designed to withstand extreme temperatures, corrosion, stress, and wear.

Its products are used in aerospace and defense, medical devices, energy, transportation, industrial equipment, and other specialized markets. Carpenter Technology supplies materials in forms such as bar, wire, strip, sheet, and powder, and also provides processing and engineered component solutions through its performance-engineered products operations.

Founded in 1889 as Carpenter Steel Company, the company has developed a global customer base supported by manufacturing, research, and service operations in the United States and international markets.

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