Bowen Hanes & Co. Inc. Acquires 20,000 Shares of Carpenter Technology Corporation $CRS

Bowen Hanes & Co. Inc. increased its holdings in Carpenter Technology Corporation (NYSE:CRS) by 14.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,000 shares of the basic materials company’s stock after purchasing an additional 20,000 shares during the period. Bowen Hanes & Co. Inc. owned approximately 0.32% of Carpenter Technology worth $39,286,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

CRS has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Carpenter Technology from $388.00 to $394.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. BTIG Research lifted their target price on shares of Carpenter Technology from $365.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Wall Street Zen upgraded shares of Carpenter Technology from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. TD Cowen reiterated a “buy” rating on shares of Carpenter Technology in a research note on Friday, November 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Carpenter Technology in a research report on Tuesday, January 27th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Carpenter Technology has an average rating of “Moderate Buy” and an average price target of $373.43.

Key Carpenter Technology News

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

• Positive Sentiment: Carpenter reported strong Q2 2026 results with specialty‑alloys growth cited as the primary driver of revenue and margin expansion — this operational beat is the immediate catalyst for bullish sentiment. Carpenter Technology (CRS) Reports Strong Q2 2026 Earnings
• Positive Sentiment: Zacks Research raised multiple EPS forecasts for Carpenter across quarters and fiscal years — notable moves include FY2026 to $10.20 (from $9.82) and FY2028 to $14.08 — implying analysts expect stronger profitability and supporting higher forward multiples. Zacks upgrades / estimates (MarketBeat summary)
• Neutral Sentiment: Valuation and positioning: CRS is trading near its 12‑month high with a high P/E (~45) and a PEG ~1.47, which means further gains will depend on continued earnings delivery and multiple expansion staying intact. Carpenter stock profile and valuation

Insider Activity at Carpenter Technology

In related news, VP Elizabeth A. Socci sold 3,900 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $321.25, for a total value of $1,252,875.00. Following the completion of the transaction, the vice president directly owned 9,594 shares of the company’s stock, valued at $3,082,072.50. This trade represents a 28.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Brian J. Malloy sold 4,130 shares of Carpenter Technology stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $303.52, for a total transaction of $1,253,537.60. Following the sale, the chief operating officer owned 78,875 shares in the company, valued at $23,940,140. This represents a 4.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 79,358 shares of company stock worth $24,254,008 in the last three months. 2.90% of the stock is owned by insiders.

Carpenter Technology Stock Performance

NYSE CRS opened at $389.98 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.25 and a quick ratio of 2.26. The firm has a market capitalization of $19.42 billion, a price-to-earnings ratio of 45.29, a P/E/G ratio of 1.53 and a beta of 1.30. The company’s fifty day moving average is $339.35 and its two-hundred day moving average is $296.32. Carpenter Technology Corporation has a 52-week low of $138.61 and a 52-week high of $397.72.

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

Carpenter Technology Dividend Announcement

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

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.