Carpenter Technology jumps as investors reassess strong earnings and buyback support

Carpenter Technology Corporation (CRS) is up 7.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver looks like a rebound after last week’s sharp post-earnings selloff, as investors refocus on Carpenter Technology’s still-strong profit growth, accelerating aerospace demand, and aggressive share repurchases. There does not appear to be a major fresh company announcement today, so part of the move could be short-covering and a reassessment of the earlier revenue-miss reaction.

Details:

In its Oct. 22 fiscal first-quarter 2027 results, Carpenter Technology posted record operating income of $196.4 million, up 28% from a year earlier, with diluted EPS of $3.25.

The company said commercial aerospace bookings increased 23% sequentially and 49% year over year, pointing to stronger demand in one of its most important end markets.

Management maintained its fiscal 2027 operating income outlook at $850 million to $880 million and guided for second-quarter operating income of $192 million to $197 million.

Capital returns remain a support factor: Carpenter announced a new $1.0 billion repurchase authorization in August and said it bought back $133.9 million of stock during the latest quarter, with $985.0 million still available at Sept. 30.

Sources:

Carpenter Technology Investor Relations, SEC, StockAnalysis.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CRS Insider Trading Activity

$CRS insiders have traded $CRS stock on the open market 34 times in the past 6 months. Of those trades, 0 have been purchases and 34 have been sales.

Here’s a breakdown of recent trading of $CRS stock by insiders over the last 6 months:

TONY R THENE (Chairman, President and CEO) has made 0 purchases and 21 sales selling 109,283 shares for an estimated $52,875,753.
MARSHALL D AKINS (VP and Chief Comm Officer) has made 0 purchases and 8 sales selling 11,815 shares for an estimated $5,214,629.
STEVEN E KAROL has made 0 purchases and 2 sales selling 5,275 shares for an estimated $2,528,096.
ANASTASIOS JOHN HART has made 0 purchases and 2 sales selling 1,000 shares for an estimated $433,366.
RAMIN YOUNESSI sold 438 shares for an estimated $216,001

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$CRS Hedge Fund Activity

We have seen 461 institutional investors add shares of $CRS stock to their portfolio, and 393 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

EGERTON CAPITAL (UK) LLP removed 1,330,920 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $820,964,692
JPMORGAN CHASE & CO added 1,183,109 shares (+inf%) to their portfolio in Q2 2026, for an estimated $729,788,955
LONE PINE CAPITAL LLC removed 855,101 shares (-47.0%) from their portfolio in Q2 2026, for an estimated $527,460,500
AQR CAPITAL MANAGEMENT LLC added 735,006 shares (+101.5%) to their portfolio in Q2 2026, for an estimated $453,381,101
GOLDMAN SACHS GROUP INC added 552,543 shares (+287.1%) to their portfolio in Q2 2026, for an estimated $340,830,624
SURGOCAP PARTNERS LP removed 510,428 shares (-42.6%) from their portfolio in Q2 2026, for an estimated $314,852,407
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 449,556 shares (+inf%) to their portfolio in Q2 2026, for an estimated $277,304,123

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$CRS Price Targets

Multiple analysts have issued price targets for $CRS recently. We have seen 5 analysts offer price targets for $CRS in the last 6 months, with a median target of $470.0.

Here are some recent targets:

Charles Minervino from Susquehanna set a target price of $680.0 on 07/09/2026
Michael Leshock from Keybanc set a target price of $644.0 on 06/30/2026
Gautam Khanna from TD Cowen set a target price of $470.0 on 05/22/2026
David Strauss from Wells Fargo set a target price of $425.0 on 05/04/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.