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Carpenter Technology Slides as Investors Continue to Digest Softer Near-Term Outlook

Investivoq PriceTracker

Carpenter Technology (CRS) is down 4.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be continued pressure from the company’s late-October earnings reaction rather than a clearly new catalyst today. While Carpenter posted record first-quarter fiscal 2027 operating income and kept its full-year outlook intact, investors seemed focused on softer second-quarter operating income guidance, recent analyst downgrades, and lower price targets.

Details:

  • Carpenter’s October 22 earnings release showed first-quarter operating income of $196.4 million and diluted earnings per share of $3.25, both up from the year-earlier period.
  • Management guided for second-quarter fiscal 2027 operating income of $192 million to $197 million, while maintaining full-year operating income guidance of $850 million to $880 million.
  • After those results, at least one brokerage downgraded the stock, citing tepid near-term guidance, OEM production hiccups, and timing issues around defense funding.
  • Several firms also cut their price targets in October, suggesting valuation reset and caution around near-term expectations even as aerospace demand and pricing trends remained constructive.

    • Sources:

    SEC, Carpenter Technology, Investing.com, TipRanks

    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 Insider Trades

    $CRS insiders have traded $CRS stock on the open market 25 times in the past 6 months. Of those trades, 0 have been purchases and 25 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.
    • STEVEN E KAROL has made 0 purchases and 2 sales selling 5,275 shares for an estimated $2,528,096.
    • RAMIN YOUNESSI sold 438 shares for an estimated $216,001
    • ANASTASIOS JOHN HART sold 250 shares for an estimated $115,470

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

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    $CRS Hedge Fund Activity

    We have seen 423 institutional investors add shares of $CRS stock to their portfolio, and 494 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
    • 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
    • FMR LLC removed 488,062 shares (-11.7%) from their portfolio in Q3 2026, for an estimated $189,768,266
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. removed 449,556 shares (-100.0%) from their portfolio in Q3 2026, for an estimated $174,796,363

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

    $CRS Analyst Ratings

    Wall Street analysts have issued reports on $CRS in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • BTIG issued a "Buy" rating on 10/23/2026
    • JP Morgan issued a "Overweight" rating on 10/14/2026
    • TD Cowen issued a "Buy" rating on 10/09/2026
    • Susquehanna issued a "Positive" rating on 07/31/2026

    To track analyst ratings and price targets for $CRS, check out Investivoq's $CRS forecast page.

    $CRS Price Targets

    Multiple analysts have issued price targets for $CRS recently. We have seen 7 analysts offer price targets for $CRS in the last 6 months, with a median target of $500.0.

    Here are some recent targets:

    • Andre Madrid from BTIG set a target price of $470.0 on 10/23/2026
    • Bennett Moore from JP Morgan set a target price of $520.0 on 10/14/2026
    • Gautam Khanna from TD Cowen set a target price of $500.0 on 10/09/2026
    • Michael Leshock from Keybanc set a target price of $465.0 on 10/08/2026
    • David Strauss from Wells Fargo set a target price of $430.0 on 09/30/2026
    • Charles Minervino from Susquehanna set a target price of $600.0 on 07/31/2026

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