Synovus Financial Corp Acquires Shares of 2,472 Carpenter Technology Corporation $CRS

Synovus Financial Corp bought a new position in Carpenter Technology Corporation (NYSE:CRS) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,472 shares of the basic materials company’s stock, valued at approximately $607,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. TOMS Capital Investment Management LP purchased a new stake in shares of Carpenter Technology in the second quarter valued at approximately $106,683,000. Qube Research & Technologies Ltd bought a new stake in Carpenter Technology during the 2nd quarter valued at $80,711,000. Raymond James Financial Inc. raised its position in Carpenter Technology by 244.3% during the 2nd quarter. Raymond James Financial Inc. now owns 411,277 shares of the basic materials company’s stock valued at $113,669,000 after purchasing an additional 291,829 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in shares of Carpenter Technology by 406.4% in the 3rd quarter. TimesSquare Capital Management LLC now owns 306,970 shares of the basic materials company’s stock worth $75,373,000 after buying an additional 246,348 shares during the period. Finally, HRT Financial LP bought a new position in shares of Carpenter Technology during the 2nd quarter worth $49,629,000. Institutional investors own 92.03% of the company’s stock.

More Carpenter Technology News

Here are the key news stories impacting Carpenter Technology this week:

• Positive Sentiment: Carpenter reported strong Q2 2026 results with specialty‑alloys growth cited as the primary driver of revenue and margin expansion — this operational beat is the immediate catalyst for bullish sentiment. Carpenter Technology (CRS) Reports Strong Q2 2026 Earnings
• Positive Sentiment: Zacks Research raised multiple EPS forecasts for Carpenter across quarters and fiscal years — notable moves include FY2026 to $10.20 (from $9.82) and FY2028 to $14.08 — implying analysts expect stronger profitability and supporting higher forward multiples. Zacks upgrades / estimates (MarketBeat summary)
• Neutral Sentiment: Valuation and positioning: CRS is trading near its 12‑month high with a high P/E (~45) and a PEG ~1.47, which means further gains will depend on continued earnings delivery and multiple expansion staying intact. Carpenter stock profile and valuation

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. TD Cowen restated a “buy” rating on shares of Carpenter Technology in a report on Friday, November 14th. KeyCorp upgraded shares of Carpenter Technology from a “sector weight” rating to an “overweight” rating and set a $380.00 price target for the company in a report on Thursday, November 13th. JPMorgan Chase & Co. increased their price objective on shares of Carpenter Technology from $388.00 to $394.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Carpenter Technology in a research note on Tuesday, January 27th. Finally, Wall Street Zen upgraded Carpenter Technology from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Carpenter Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.43.

Insider Transactions at Carpenter Technology

In other news, COO Brian J. Malloy sold 4,130 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $303.52, for a total transaction of $1,253,537.60. Following the transaction, the chief operating officer owned 78,875 shares in the company, valued at $23,940,140. This represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Elizabeth A. Socci sold 3,900 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $321.25, for a total transaction of $1,252,875.00. Following the completion of the transaction, the vice president directly owned 9,594 shares of the company’s stock, valued at $3,082,072.50. The trade was a 28.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 79,358 shares of company stock valued at $24,254,008. 2.90% of the stock is currently owned by company insiders.

Carpenter Technology Trading Up 1.6%

NYSE CRS opened at $389.98 on Monday. The company has a quick ratio of 2.26, a current ratio of 4.25 and a debt-to-equity ratio of 0.35. The firm has a market cap of $19.42 billion, a PE ratio of 45.29, a price-to-earnings-growth ratio of 1.53 and a beta of 1.30. The company has a 50 day moving average price of $339.35 and a 200 day moving average price of $296.62. Carpenter Technology Corporation has a 52 week low of $138.61 and a 52 week high of $397.72.

Carpenter Technology (NYSE:CRS) last announced its earnings results on Thursday, January 29th. The basic materials company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.13. The company had revenue of $728.00 million during the quarter, compared to the consensus estimate of $733.76 million. Carpenter Technology had a net margin of 14.77% and a return on equity of 23.63%. Carpenter Technology’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $1.66 earnings per share. As a group, sell-side analysts forecast that Carpenter Technology Corporation will post 6.83 EPS for the current fiscal year.

Carpenter Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Tuesday, January 27th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, January 27th. Carpenter Technology’s dividend payout ratio is currently 9.29%.

Carpenter Technology Profile

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.