CARPENTER TECHNOLOGY CORPORATION
In the published model solve dated 2026-Q2, anchored at $383.69, CARPENTER TECHNOLOGY CORPORATION (CRS) is priced for today's economics sustained for ~11.7 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Carpenter sells metallurgy rather than tonnage, and the pricing power that implies showed up plainly in the March 2026 quarter, when the company reported ⟦"operating income of $186.5 million compared to $137.8 million in the prior year same quarter"⟧ on modestly higher volume. • Aerospace and Defense is 61% of the revenue mix, so a single end market decides whether the trailing 21.1% operating margin is a new baseline or a cycle peak dressed up as one. • Fiscal fourth-quarter results arrive Ju
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680 institutional managers reported holding CRS in 13F filings for the quarter ended 2026-03-31. Together they hold about 93% of the company; the top 10 hold 50%. 139 opened new positions that quarter. Held by BlackRock, Vanguard Group, FMR (Fidelity), among others. On the short side, 1.9M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (2.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CRS's share count grew 3.1% over the past five years even with $235.80M spent on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting); the current rate is $0.80 a share annually. Cash returned over the past three years: $110.50M in dividends and $235.80M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at CRS over the trailing three years. Absence is a fact about the company, not a signal. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CRS's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2021-08-20 | -4.0% | -0.9% |
| 2021-10-29 | +1.6% | -5.5% |
| 2022-08-16 | +0.3% | -10.1% |
| 2022-10-28 | -2.6% | +2.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CRS's latest 8-K filings: 2026-10-15 (items 5.02, 7.01, 9.01); 2026-10-08 (items 5.07); 2026-08-25 (items 7.01, 9.01); 2026-08-12 (items 5.02, 7.01, 9.01); 2026-07-30 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.