William Blair Investment Management 13F: Cuts CRS Stake by $37M

William Blair Investment Management has reduced its stake in Carpenter Technology Corporation (NYSE:CRS) by 66,663 shares, according to its latest 13F filing with the SEC. The move cuts the firm's holdings by about 16%, leaving it with 350,896 shares valued at approximately $197.4 million as of the end of the reporting period.

What Changed in William Blair's Carpenter Technology Position

William Blair trimmed its Carpenter Technology holdings from 417,559 shares to 350,896 shares, a decrease of 66,663 shares or roughly 16%. The value of this position now stands at $197.4 million, reflecting the firm's decision to reduce its investment in the metal fabrication company.

Other Institutional Activity in Carpenter Technology

Among other institutional investors, BlackRock, Inc. increased its holdings by 511,204 shares, ending with 5,822,193 shares valued at about $2.29 billion. FMR LLC also grew its position by 524,871 shares, bringing its total to 4,326,105 shares worth roughly $1.71 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both established new positions with 2,154,172 and 2,056,688 shares, respectively. Meanwhile, State Street Corp slightly trimmed its stake by 20,214 shares to hold 2,008,815 shares valued at $791.8 million, and Invesco Ltd. reduced its holdings by 96,543 shares, now holding 1,975,114 shares worth about $778.5 million.

Carpenter Technology Corporation Stock Up 47.8%

Shares of Carpenter Technology Corporation (NYSE:CRS) recently traded at $562.45. The company has a market cap of approximately $27.9 billion, with a P/E ratio of 59.04 and a forward P/E of 44.31. Its beta is 1.269, indicating moderate volatility. The stock's 52-week range is between $228.00 and $574.21, with a 50-day moving average of $443.61 and a 200-day moving average of $348.50. Carpenter Technology has a current ratio of 3.733, a quick ratio of 1.922, and a debt-to-equity ratio of 33.822.

Recent Earnings

In its latest earnings report, Carpenter Technology posted revenue of $3.03 billion, marking a growth of 11.6% from the previous year. The company achieved a net margin of 15.82% and a return on equity of 24.89%. Its earnings per share (EPS) stood at $9.51. The next earnings release is scheduled for April 29, 2026.

Dividend

Carpenter Technology pays an annual dividend of $0.80 per share, yielding 0.14%. The dividend payout ratio is a modest 8.42%.

Insider Buying and Selling at Carpenter Technology Corporation

Recent insider activity at Carpenter Technology includes several sales and purchases. On June 1, 2026, Karol Steven sold 2,000 shares at an average price of $487.74. Anastasio John Hart executed multiple transactions on May 28, 2026, selling 250 shares at an undisclosed price and buying 250 shares at $45.12, followed by selling another 250 shares at $461.88. Marshall Akins, the Vice President and Chief Communications Officer, sold 11,815 shares on May 5, 2026, at an average price of $441.36.

Analysts Set New Price Targets

Analysts have maintained their ratings on Carpenter Technology. On May 22, 2026, TD Cowen maintained a 'buy' rating with a price target of $470. Wells Fargo and Keybanc also maintained their ratings on May 4, 2026, with price targets of $425 and $459, respectively. The consensus among analysts is a 'strong buy', with a mean target price of $469.50 based on eight analyst opinions.

About Carpenter Technology Corporation

Carpenter Technology Corporation, based in Philadelphia, Pennsylvania, manufactures and distributes specialty metals. It operates through two segments: Specialty Alloys Operations and Performance Engineered Products. The company produces a variety of alloys, such as titanium and stainless steel, serving industries like aerospace, defense, and medical. Founded in 1889, Carpenter Technology employs approximately 4,500 people under the leadership of CEO Tony R. Thene.

Bottom Line

William Blair's reduction in its Carpenter Technology holdings is a notable move in the investment landscape. While the firm has cut its stake, Carpenter Technology continues to be a significant player in the metal fabrication industry with strong institutional backing. Investors watch these 13F filings closely, though they reflect past positions and may not indicate current activity.