Lord, Abbett Adds $167M in Carpenter Technology Corporation ($CRS)
Key Points
- Lord, Abbett changed its Carpenter Technology Corporation ($CRS) stake by 162.54% last quarter, boosting to 480,172 shares worth $270.07 million.
- Wall Street's consensus rating on $CRS is Strong Buy and an average price target of $625.88.
- $CRS last traded around $562.45.
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Lord, Abbett increased its position in Carpenter Technology Corporation ($CRS) by 162.54% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 480,172 shares of Carpenter Technology Corporation after buying 297,280 shares during the quarter. Lord, Abbett's holdings in Carpenter Technology Corporation were worth $270.07 million as of its most recent filing.
Carpenter Technology Corporation Stock Up 18.1%
Shares of Carpenter Technology Corporation ($CRS) traded around $562.45 on Saturday, up 18.1% for the day.
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About Carpenter Technology Corporation
Carpenter Technology Corporation manufactures, fabricates, and distributes 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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