CRS Carpenter Technology Corporation

Harbor Capital Advisors Inc. reduced its stake in Carpenter Technology Corporation by 61.9% in Q3, now holding 17,120 shares valued at approximately $4.20 million. Corporate insiders have also been selling shares, totaling about $24.25 million in the last quarter, reducing their ownership to around 2.9%. Despite insider selling, Wall Street analysts maintain a "Moderate Buy" consensus rating for CRS, with a mean price target of $371.14.

Carpenter Technology (CRS) has been included in the NYSE Composite index following a period of strong share price performance, with 90-day returns of 34.77% and a one-year return of 93.22%. Despite trading at a premium on earnings compared to its industry peers, the company is considered "14.4% Undervalued" with a narrative fair value of $382.37, attributing this to a brownfield expansion expected to boost revenue and operating income from FY28. However, concerns exist regarding potential aerospace demand slowdowns or if the expansion yields weaker returns and impacts free cash flow.

Carpenter Technology's recent inclusion in the NYSE Composite index is expected to boost its visibility and liquidity, but it doesn't fundamentally change its near-term investment drivers. Key factors remain the execution of its US$400 million capacity expansion and its exposure to cyclical aerospace and defense demand. While financial refinancing efforts support its capital spending, investors should focus on the projected demand growth required to justify the expansion.

Sheets Smith Investment Management recently reduced its stake in Carpenter Technology Corporation ($CRS) by 36% in Q3, now holding shares valued at $1.64 million. Despite insider selling activity, the company reported strong Q3 earnings, beating analyst estimates with an EPS of $2.43. Analysts currently rate CRS as a "Moderate Buy" with a consensus target price of $371.14.

Oak Thistle LLC has acquired a new position in Carpenter Technology Corporation (NYSE:CRS) valued at approximately $1.02 million. This comes as institutional ownership in the basic materials company stands at 92.03%, despite recent insider selling activities totaling over $24 million. Carpenter Technology recently exceeded Q3 EPS estimates and holds a "Moderate Buy" consensus rating from analysts.

Carpenter Technology Corporation (NYSE:CRS) has received a consensus "Moderate Buy" rating from brokerages, with an average 12-month price target of $371.1429. This comes despite significant insider selling in the last quarter, totaling 79,358 shares valued at approximately $24.25 million. The company reported mixed quarterly results, beating EPS estimates but slightly missing revenue expectations, and its stock is currently trading near $321 with a market cap of around $16 billion.