Lone Pine Capital Adds $284M in Carpenter Technology Corporation ($CRS)
Key Points
- Lone Pine Capital changed its Carpenter Technology Corporation ($CRS) stake by 38.5% last quarter, boosting to 1,817,940 shares worth $1.02 billion.
- Wall Street's consensus rating on $CRS is Strong Buy and an average price target of $469.50.
- $CRS last traded around $561.49.
Lone Pine Capital increased its position in Carpenter Technology Corporation ($CRS) by 38.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,817,940 shares of Carpenter Technology Corporation after buying 505,002 shares during the quarter. Lone Pine Capital's holdings in Carpenter Technology Corporation were worth $1.02 billion as of its most recent filing.
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About Carpenter Technology Corporation
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 metal powders and parts. It serves the aerospace, defense, medical, transportation, energy, industrial, and consumer markets. The company was founded in 1889 and is headquartered in Philadelphia, Pennsylvania.
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