Carpenter Technology (CRS) is down 3.7% today. Here is some analysis on what might have caused this price movement.

Analysis: No clear company-specific negative catalyst was easy to identify on August 20, 2026. This could be because investors were taking profits after a strong run, while broader market pressure from elevated bond yields and inflation worries weighed on cyclical and industrial names.

Details:

  • Carpenter Technology recently reported record fourth-quarter and full-year fiscal 2026 results, including record quarterly operating income and a fiscal 2027 operating income outlook that pointed to further growth.
  • The company also announced a new $1.0 billion share repurchase authorization on August 12 after using up the remainder of its prior buyback plan, which suggests management remains confident in the business.
  • Its latest annual filing continued to highlight exposure to interest-rate moves, tariffs, raw-material costs, and end-market cyclicality, all of which can make the shares sensitive when macro conditions turn less favorable.
  • With no fresh adverse filing or earnings warning visible today, the drop looks more consistent with a pullback after recent strength than with a newly disclosed operational setback.

    • Sources:

    Carpenter Technology, SEC, AP News

    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 16 times in the past 6 months. Of those trades, 0 have been purchases and 16 have been sales.

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

    • JAMES D DEE (SVP, Gen Counsel & Sec) has made 0 purchases and 3 sales selling 15,800 shares for an estimated $6,190,095.
    • 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 3 sales selling 8,500 shares for an estimated $3,449,408.
    • ANASTASIOS JOHN HART has made 0 purchases and 2 sales selling 1,000 shares for an estimated $433,366.
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    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.

    $CRS Hedge Fund Activity

    We have seen 537 institutional investors add shares of $CRS stock to their portfolio, and 346 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    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 7 analysts offer price targets for $CRS in the last 6 months, with a median target of $470.0.

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    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
    • Andre Madrid from BTIG set a target price of $450.0 on 04/30/2026
    • Bennett Moore from JP Morgan set a target price of $470.0 on 04/30/2026

    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.


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