Carpenter Technology Corporation (CRS)

Carpenter Technology Corp.'s stock has experienced significant positive movement in the past six months, with a substantial increase of 79.39% from November 20, 2024, to November 19, 2025. Key events impacting the stock price include strong earnings reports with record operating income, increased outlook and guidance projecting substantial operating income growth, robust demand in key markets like aerospace and defense, dividend announcements, a $700 million debt offering, and positive analyst upgrades.

Demand for Carpenter Technology Corp.'s products and services is primarily driven by the needs of its diverse end markets, rather than distinct seasonal patterns. The company experiences strong and accelerating demand in key sectors, particularly aerospace and defense, and medical markets. The underlying demand for Carpenter Technology's high-performance specialty alloys across its critical end markets is strong and is projected to continue growing, particularly in fiscal year 2026.

Carpenter Technology Corporation is a global leader in manufacturing, fabrication, and distribution of high-performance specialty alloys and advanced materials, operating primarily within the Materials sector and Metals & Mining industry. Founded in 1889, the company provides critical solutions for demanding markets with a portfolio including stainless steels, titanium alloys, nickel-based superalloys, and powder metallurgy products. Carpenter Technology serves diverse markets, including aerospace and defense, medical, energy, transportation, industrial, and consumer industries, and focuses on advanced process technologies and additive manufacturing.

Carpenter Technology Corporation has a strong global market presence with manufacturing facilities and sales offices worldwide. Its network of service and distribution centers are located in the United States, Canada, Mexico, Europe, and Asia, including manufacturing and distribution centers in Belgium, Canada, China, Mexico, Singapore, Sweden, Taiwan, and the UK. The primary manufacturing facilities are located in Reading and Latrobe, Pennsylvania, as well as in South Carolina and Alabama.

Carpenter Technology Corporation maintains a strong brand reputation built on over a century of innovation and expertise in metallurgy. The company's reputation has been bolstered by exceptional financial performance, a strategic focus on high-performance materials and innovation, a strong market position secured through long-term agreements, and positive analyst confidence.

Carpenter Technology Corporation has significant institutional ownership, with approximately 83.51% to 97.34% of the company's stock held by institutional investors including BlackRock, Inc., Vanguard Group Inc, Fmr Llc, and State Street Corp. Individual ownership, including insiders, accounts for a smaller percentage, with Steven E. Karol being a significant individual shareholder. Insiders collectively own approximately 2.66% to 17.77% of the stock.