Bright Futures Wealth Management LLC. Takes Position in Carpenter Technology Corporation $CRS

Bright Futures Wealth Management LLC. bought a new stake in shares of Carpenter Technology Corporation (NYSE:CRS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,746 shares of the basic materials company’s stock, valued at approximately $674,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Geneos Wealth Management Inc. acquired a new position in Carpenter Technology in the second quarter valued at approximately $28,000. Root Financial Partners LLC bought a new stake in shares of Carpenter Technology in the 3rd quarter valued at $41,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Carpenter Technology by 54.1% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 171 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 60 shares during the period. Headlands Technologies LLC bought a new position in Carpenter Technology during the second quarter worth $43,000. Finally, Rakuten Securities Inc. bought a new position in Carpenter Technology during the second quarter worth $45,000. 92.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CRS shares. JPMorgan Chase & Co. lifted their price target on shares of Carpenter Technology from $388.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. BTIG Research boosted their target price on Carpenter Technology from $365.00 to $375.00 and gave the company a “buy” rating in a research report on Friday, January 30th. KeyCorp upgraded Carpenter Technology from a “sector weight” rating to an “overweight” rating and set a $380.00 price target on the stock in a report on Thursday, November 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Carpenter Technology in a research note on Tuesday, January 27th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Carpenter Technology in a research report on Friday, November 14th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carpenter Technology has a consensus rating of “Moderate Buy” and a consensus target price of $373.43.

Carpenter Technology Price Performance

CRS stock opened at $397.75 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.26 and a current ratio of 4.25. The business has a 50-day simple moving average of $346.56 and a two-hundred day simple moving average of $301.62. The company has a market capitalization of $19.81 billion, a P/E ratio of 46.20, a price-to-earnings-growth ratio of 1.56 and a beta of 1.22. Carpenter Technology Corporation has a 52-week low of $138.61 and a 52-week high of $403.81.

Carpenter Technology (NYSE:CRS) last posted its earnings results on Thursday, January 29th. The basic materials company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. Carpenter Technology had a return on equity of 23.63% and a net margin of 14.77%.The company had revenue of $728.00 million for the quarter, compared to analyst estimates of $733.76 million. During the same quarter last year, the company earned $1.66 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Research analysts expect that Carpenter Technology Corporation will post 6.83 EPS for the current fiscal year.

Carpenter Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Tuesday, January 27th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, January 27th. This represents a $0.80 annualized dividend and a dividend yield of 0.2%. Carpenter Technology’s dividend payout ratio is currently 9.29%.

Key Headlines Impacting Carpenter Technology

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

• Positive Sentiment: Zacks Research raised near‑term and multi‑year EPS forecasts for CRS (small upward revisions to Q1/Q2 2027, FY2027 and FY2028 estimates), improving forward earnings visibility and supporting valuation and upside momentum.
• Positive Sentiment: Analyst upgrade/coverage note highlights that Carpenter is gaining pricing power in a tight specialty-metals market, implying stronger margins and cash flow potential — a fundamental rationale for the recent rally. Article Title
• Positive Sentiment: Media reported CRS hit a fresh annual high on the NYSE Composite, a technical signal that can attract momentum and institutional buyers. Article Title
• Neutral Sentiment: A comparative piece examined CRS versus Insteel Industries (IIIN) for value investors — useful context for relative valuation but not an immediate company-specific catalyst. Article Title
• Negative Sentiment: Senior VP James D. Dee sold 15,800 shares at about $391.78 (~$6.19M). While insiders often sell for diversification and he still retains a large stake, the disclosed sale can create short‑term pressure or signal partial profit‑taking. Article Title

Insider Activity at Carpenter Technology

In related news, SVP James D. Dee sold 15,800 shares of the business’s stock in a transaction dated 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 directly owned 73,739 shares in the company, valued at approximately $28,889,465.42. The trade was a 17.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven E. Karol sold 3,500 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $381.12, for a total transaction of $1,333,920.00. Following the completion of the sale, the director owned 225,381 shares of the company’s stock, valued at approximately $85,897,206.72. This trade represents a 1.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 97,758 shares of company stock valued at $31,665,177 over the last ninety days. Corporate insiders own 2.90% of the company’s stock.

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.