Synovus Financial Corp Invests $607,000 in Carpenter Technology Corporation $CRS

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

Other institutional investors also recently bought and sold shares of the company. Glass Jacobson Investment Advisors llc boosted its holdings in shares of Carpenter Technology by 3.9% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 974 shares of the basic materials company’s stock valued at $239,000 after purchasing an additional 37 shares during the last quarter. ANB Bank increased its holdings in shares of Carpenter Technology by 3.3% in the second quarter. ANB Bank now owns 1,304 shares of the basic materials company’s stock worth $360,000 after purchasing an additional 42 shares during the last quarter. Panagora Asset Management Inc. lifted its position in shares of Carpenter Technology by 3.0% in the second quarter. Panagora Asset Management Inc. now owns 1,462 shares of the basic materials company’s stock worth $404,000 after buying an additional 43 shares in the last quarter. Independent Advisor Alliance boosted its stake in Carpenter Technology by 0.6% during the third quarter. Independent Advisor Alliance now owns 6,674 shares of the basic materials company’s stock valued at $1,639,000 after buying an additional 43 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Carpenter Technology by 15.3% during the 3rd quarter. Versant Capital Management Inc now owns 376 shares of the basic materials company’s stock valued at $92,000 after buying an additional 50 shares in the last quarter. 92.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CRS has been the topic of several recent research reports. Wall Street Zen raised Carpenter Technology from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. TD Cowen reaffirmed a “buy” rating on shares of Carpenter Technology in a research note on Friday, November 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Carpenter Technology in a research note on Tuesday, January 27th. BTIG Research boosted their target price on shares of Carpenter Technology from $365.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, KeyCorp raised 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. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Carpenter Technology currently has an average rating of “Moderate Buy” and a consensus price target of $373.43.

Insider Activity at Carpenter Technology

In related news, VP Elizabeth A. Socci sold 3,900 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $321.25, for a total transaction of $1,252,875.00. Following the completion of the sale, the vice president directly owned 9,594 shares of the company’s stock, valued at approximately $3,082,072.50. This trade represents a 28.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Brian J. Malloy sold 4,130 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $303.52, for a total value of $1,253,537.60. Following the transaction, the chief operating officer owned 78,875 shares of the company’s stock, valued at approximately $23,940,140. The trade was a 4.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 79,358 shares of company stock worth $24,254,008. Company insiders own 2.90% 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

Carpenter Technology Stock 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. Carpenter Technology Corporation has a 52 week low of $138.61 and a 52 week high of $397.72. The firm has a market capitalization of $19.42 billion, a price-to-earnings ratio of 45.29, a PEG ratio of 1.53 and a beta of 1.30. The company has a fifty day moving average of $339.35 and a two-hundred day moving average of $296.62.

Carpenter Technology (NYSE:CRS) last released its earnings results on Thursday, January 29th. The basic materials company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.13. The firm had revenue of $728.00 million during the quarter, compared to analyst estimates of $733.76 million. Carpenter Technology had a net margin of 14.77% and a return on equity of 23.63%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business earned $1.66 EPS. On average, analysts predict that Carpenter Technology Corporation will post 6.83 earnings per share for the current year.

Carpenter Technology Announces Dividend

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

Carpenter Technology Company 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.