CARPENTER TECHNOLOGY CORPORATION
In the published model solve dated 2026-Q2, anchored at $476.43, CARPENTER TECHNOLOGY CORPORATION (CRS) is priced for today's economics sustained for ~13.8 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: 2026-08-25 (items 7.01, 9.01); 2026-08-12 (items 5.02, 7.01, 9.01); 2026-07-30 (items 2.02, 9.01); 2026-07-30 (items 2.02, 9.01); 2026-07-28 (items 5.02, 7.01, 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.