SummitTX Capital L.P. Has $2.34 Million Stake in Carpenter Technology Corporation $CRS

Posted by Brian Himes on Jul 29th, 2026

SummitTX Capital L.P. reduced its stake in shares of Carpenter Technology Corporation (NYSE:CRS – Free Report) by 66.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,933 shares of the basic materials company’s stock after selling 11,621 shares during the period. SummitTX Capital L.P.’s holdings in Carpenter Technology were worth $2,338,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CRS. Jennison Associates LLC bought a new stake in shares of Carpenter Technology in the 1st quarter valued at about $317,411,000. Sands Capital Management LLC bought a new position in shares of Carpenter Technology during the fourth quarter worth about $195,731,000. Norges Bank bought a new position in shares of Carpenter Technology during the fourth quarter worth about $195,254,000. TOMS Capital Investment Management LP bought a new position in shares of Carpenter Technology during the second quarter worth about $106,683,000. Finally, UBS Group AG lifted its stake in shares of Carpenter Technology by 171.2% in the fourth quarter. UBS Group AG now owns 606,501 shares of the basic materials company’s stock worth $190,951,000 after acquiring an additional 382,865 shares during the period. 92.03% of the stock is owned by institutional investors and hedge funds.

Carpenter Technology Stock Performance

CRS stock opened at $559.97 on Wednesday. The firm has a market cap of $27.82 billion, a PE ratio of 58.94, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The company has a current ratio of 3.73, a quick ratio of 2.08 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $547.77 and a 200-day moving average price of $443.63. Carpenter Technology Corporation has a 1-year low of $228.00 and a 1-year high of $625.98.

Carpenter Technology (NYSE:CRS – Get Free Report) last announced its earnings results on Wednesday, April 29th. The basic materials company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.59 by $0.18. Carpenter Technology had a return on equity of 25.02% and a net margin of 15.82%.The company had revenue of $655.60 million for the quarter, compared to analyst estimates of $797.00 million. During the same quarter in the prior year, the company earned $1.88 EPS. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, equities research analysts expect that Carpenter Technology Corporation will post 10.58 earnings per share for the current year.

Insider Buying and Selling

In other Carpenter Technology news, VP Marshall D. Akins sold 11,815 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $441.36, for a total transaction of $5,214,668.40. Following the transaction, the vice president directly owned 18,344 shares in the company, valued at approximately $8,096,307.84. This represents a 39.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anastasios John Hart sold 750 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $423.86, for a total value of $317,895.00. Following the transaction, the director owned 750 shares in the company, valued at $317,895. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CRS. KeyCorp upped their target price on Carpenter Technology from $459.00 to $644.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Wells Fargo & Company raised their price target on shares of Carpenter Technology from $400.00 to $425.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Weiss Ratings downgraded shares of Carpenter Technology from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. Zacks Research raised shares of Carpenter Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Finally, TD Cowen upped their price objective on shares of Carpenter Technology from $470.00 to $650.00 and gave the company a “buy” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $556.75.

Get Our Latest Stock Analysis on CRS

Carpenter Technology Profile

(Free Report)

Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets.

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Institutional Ownership by Quarter for Carpenter Technology (NYSE:CRS)

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