Carpenter Tech (NYSE:CRS) Stock

Carpenter Tech

Carpenter Technology Corp supplies specialty metals to a variety of end markets, including aerospace and defense, industrial machinery and consumer durables, medical, and energy, among others. The company's reportable segments include; Specialty Alloys Operations and Performance Engineered Products. It generates maximum revenue from the Specialty Alloys Operations segment. The SAO segment is comprised of the company's alloy and stainless steel manufacturing operations. This includes operations performed at mills predominantly in Reading and Latrobe, Pennsylvania, and surrounding areas as well as South Carolina and Alabama. Geographically, the company derives its maximum revenue from the United States and the rest from Europe, Asia Pacific, Mexico, Canada, and other regions.

Carpenter Technology Corporation Common Stock

Carpenter Technology Corp

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Carpenter Tech's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) short percent of float has fallen 7.56% since its last report. The company recently reported that it has 3.36 million shares sold short, which is 9.41% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.46 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Carpenter Tech Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745006426_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Carpenter Tech has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Carpenter Tech's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Carpenter Tech's peer group average for short interest as a percentage of float is 5.54%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

How Is The Market Feeling About Carpenter Tech?

Carpenter Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) has outperformed the market over the past 10 years by 5.69% on an annualized basis producing an average annual return of 15.28%. Currently, Carpenter Tech has a market capitalization of $8.44 billion. 
Buying $1000 In CRS: If an investor had bought $1000 of CRS stock 10 years ago, it would be worth $4,186.18 today based on a price of $169.00 for CRS at the time of writing.
<h3>Carpenter Tech's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744930813_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Here's How Much You Would Have Made Owning Carpenter Tech Stock In The Last 10 Years

President Donald Trump established a new body within the Commerce Department to manage the CHIPS and Science Act of 2022, benefiting <a href="https://www.benzinga.com/25/04/44584283/trump-sets-up-investment-accelerator-for-chips-act-management-heres-a-list-of-beneficiaries-that-could-be-impacted" target="_blank" rel="noreferrer noopener">companies like </a>Taiwan Semiconductor Manufacturing Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
Here's a look at some of hedge fund manager Dan Loeb&#8216;s semiconductor and electrical stocks year-to-date:
<ul>
<li>NET Power Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NPWR#NYSE">NPWR</a>) shares dropped 79.89%; its peer, Bloom Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>), saw a decline of 24.71% YTD. As of the fourth quarter <a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514625001713/xslForm13F_X02/infotable.xml" target="_blank" rel="noreferrer noopener">of </a>2024, the investor retained a stake of 500,000 shares (same as <a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514624005927/xslForm13F_X02/infotable.xml" target="_blank" rel="noreferrer noopener">in </a>the third quarter of 2024).</li>
<li>Taiwan Semiconductor stock tumbled 24.58% versus VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) decline of 19.44% YTD. Third Point held 1.78 million shares in the contract <a href="https://www.benzinga.com/news/large-cap/25/01/43195763/dan-loebs-third-point-capitalizes-on-tsms-ai-expansion" target="_blank" rel="noreferrer noopener">chipmaker as of December 2024</a>.</li>
</ul>
Separately, the Trump administration excluded a range of technology products, including consumer electronics, <a href="https://www.benzinga.com/government/regulations/25/04/44786708/why-are-semiconductor-stocks-trading-higher-on-monday" target="_blank" rel="noreferrer noopener">from the 145% reciprocal tariffs bucket</a>.
Still, the tariff dispute between the U.S. and China is getting worse. A White House fact sheet has revealed that the Trump administration raised tariffs <a href="https://www.benzinga.com/markets/25/04/44831287/trump-administration-imposes-up-to-245-tariff-on-chinese-imports-amid-intensifying-trade-battle" target="_blank" rel="noreferrer noopener">on Chinese imports</a> by up to 245% &#8220;as a <a href="https://www.benzinga.com/25/04/44831422/donald-trumps-145-tariffs-on-china-could-disrupt-teslas-cybercab-semi-production-report" target="_blank" rel="noreferrer noopener">result of its retaliatory actions.</a>"
The White House argues that tariffs on critical minerals and their derivative products were levied to protect the U.S. defense capabilities, infrastructure development, and technological innovation.
Mineral stocks in Loeb&#8217;s portfolio are also on the downtrend:
<ul>
<li>Carpenter Technology Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) shares fell 2.93% compared to Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYZ#NASDAQ">PYZ</a>), which dipped 8.53% YTD. As of the fourth quarter&nbsp;<a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514625001713/xslForm13F_X02/infotable.xml" target="_blank" rel="noreferrer noopener">of&nbsp;</a>2024, the investor held a stake of 870,000 shares, up from 660,000 shares as of the third quarter of 2024.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44698171/trumps-tariff-push-sends-financials-lower-loebs-portfolio-take-a-hit" target="_blank" rel="noreferrer noopener">Tariffs Test Loeb&#8217;s Financial Picks: Third Point Adjusts Bets As Markets Brace For Economic Blowback</a></li>
</ul>
Image: Shutterstock

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Carpenter Tech's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) short percent of float has risen 11.87% since its last report. The company recently reported that it has 3.63 million shares sold short, which is 10.18% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.31 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Carpenter Tech Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743616817_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Carpenter Tech has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Carpenter Tech's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Carpenter Tech's peer group average for short interest as a percentage of float is 5.30%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Carpenter Tech's Recent Short Interest

Carpenter Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) has outperformed the market over the past 20 years by 1.21% on an annualized basis producing an average annual return of 9.32%. Currently, Carpenter Tech has a market capitalization of $9.05 billion. 
Buying $100 In CRS: If an investor had bought $100 of CRS stock 20 years ago, it would be worth $580.61 today based on a price of $181.18 for CRS at the time of writing.
<h3>Carpenter Tech's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743525925_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Carpenter Tech Stock In The Last 20 Years

President Donald Trump's fresh round of 25% auto import tariffs is shaking up the metals market, and JPMorgan analyst Bill Peterson sees near-term headwinds for key players in <a href="https://www.benzinga.com/topic/metals">steel, aluminum, and copper</a>. 
While domestic production incentives should help Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) and Constellium SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) in the long run, rising costs and inflationary pressures could stifle demand.
JPMorgan's U.S. Auto team expects vehicle prices to climb another 5%, with core PCE inflation now forecasted at 3.1% this year. The hit to real consumer spending has also led JPMorgan's economists to trim GDP growth estimates to 1.3% for 2024.
<h2 class="wp-block-heading">Copper Tariff Chatter Heats Up</h2>
The tariff storm doesn't stop with autos. Reports indicate Trump is eyeing a 25% tariff on U.S. copper imports, possibly rolling out within weeks—well ahead of the November deadline. 
This coincides with Glencore PLC's (OTCPK:GLNCY) force majeure at its Altnorte refinery in Chile, a major supplier to the US. Copper miner Freeport-McMoRan Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) is positioned to benefit, with COMEX copper trading at a 15% premium to LME. 
JPMorgan recently upgraded FCX to Overweight, seeing a 15% upside to its FY25 EBITDA, citing its defensive balance sheet and capex flexibility.
Read Also: <a href="https://www.benzinga.com/government/regulations/25/03/44476803/copper-breaks-records-on-china-stimulus-tariff-hype-these-stocks-are-riding-the-wave">Copper Breaks Records On China Stimulus, Tariff Hype: These Stocks Are Riding The Wave</a>
<h2 class="wp-block-heading">Short Sellers Smell Blood</h2>
Uncertainty has drawn in short sellers. Cleveland-Cliffs's short interest has spiked to a one-year high of 12.1%, while Carpenter Technology Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) saw a rise to 7.5%. With ‘Liberation Day' on Wednesday expected to bring another tariff barrage, volatility looms large.
However, JPMorgan remains bullish on select metals stocks, reaffirming its Overweight rating on FCX. As Peterson puts it, "FCX as a value/defensive play relative to growth-focused peers given its tenured management team, clean balance sheet, and capex optionality."
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/03/44498083/trumps-copper-tariffs-might-come-sooner-rather-than-later-insiders-warn">Trump&#8217;s Copper Tariffs Might Come Sooner Rather Than Later, Insiders Warn</a></li>
</ul>
Photo: Shutterstock/Eric Glenn

Analyst Color

Long Ideas

Commodities

Markets

Analyst Ratings

CSTM

GLNCY

Tariff Turmoil: Cleveland-Cliffs, Constellium, Freeport-McMoRan Caught In The Crossfire, Says Analyst

Carpenter Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) has outperformed the market over the past 20 years by 1.05% on an annualized basis producing an average annual return of 9.17%. Currently, Carpenter Tech has a market capitalization of $9.07 billion. 
Buying $1000 In CRS: If an investor had bought $1000 of CRS stock 20 years ago, it would be worth $5,845.63 today based on a price of $181.61 for CRS at the time of writing.
<h3>Carpenter Tech's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741878915_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 20 Years Ago, You Would Have This Much Today

Investors with a lot of money to spend have taken a bearish stance on Carpenter Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CRS, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 10 uncommon options trades for Carpenter Tech.
This isn't normal.
The overall sentiment of these big-money traders is split between 10% bullish and 80%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $191,893, and 8 are calls, for a total amount of $3,129,074.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $150.0 to $210.0 for Carpenter Tech over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Carpenter Tech's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Carpenter Tech's substantial trades, within a strike price spectrum from $150.0 to $210.0 over the preceding 30 days.
<h3>Carpenter Tech Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741365080_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CRS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$27.6</td>
<td>$26.5</td>
<td>$27.6</td>
<td>$150.00</td>
<td>$849.9K</td>
<td align="right">0</td>
<td align="right">563</td>
</tr>
<tr>
<td>CRS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$28.6</td>
<td>$26.8</td>
<td>$26.8</td>
<td>$150.00</td>
<td>$667.1K</td>
<td align="right">0</td>
<td align="right">872</td>
</tr>
<tr>
<td>CRS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$29.3</td>
<td>$28.1</td>
<td>$29.3</td>
<td>$150.00</td>
<td>$605.0K</td>
<td align="right">0</td>
<td align="right">316</td>
</tr>
<tr>
<td>CRS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$31.6</td>
<td>$29.2</td>
<td>$29.2</td>
<td>$150.00</td>
<td>$557.9K</td>
<td align="right">0</td>
<td align="right">191</td>
</tr>
<tr>
<td>CRS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$30.0</td>
<td>$28.2</td>
<td>$28.2</td>
<td>$150.00</td>
<td>$177.6K</td>
<td align="right">0</td>
<td align="right">254</td>
</tr>
</tbody>
</table>

<h3>About Carpenter Tech</h3>
Carpenter Technology Corp supplies specialty metals to a variety of end markets, including aerospace and defense, industrial machinery and consumer durables, medical, and energy, among others. The company's reportable segments include; Specialty Alloys Operations and Performance Engineered Products. It generates maximum revenue from the Specialty Alloys Operations segment. The SAO segment is comprised of the company's alloy and stainless steel manufacturing operations. This includes operations performed at mills predominantly in Reading and Latrobe, Pennsylvania, and surrounding areas as well as South Carolina and Alabama. Geographically, the company derives its maximum revenue from the United States and the rest from Europe, Asia Pacific, Mexico, Canada, and other regions.
Having examined the options trading patterns of Carpenter Tech, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Carpenter Tech</h3>
<ul>
<li>Currently trading with a volume of 610,737, the CRS's price is up by 0.01%, now at $186.1. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 54 days.</li>
</ul>
<h3>What Analysts Are Saying About Carpenter Tech</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $240.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from JP Morgan persists with their Overweight rating on Carpenter Tech, maintaining a target price of $240. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Carpenter Tech options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Options

Carpenter Tech Unusual Options Activity

Carpenter Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) has outperformed the market over the past 15 years by 1.23% on an annualized basis producing an average annual return of 12.95%. Currently, Carpenter Tech has a market capitalization of $10.09 billion. 
Buying $100 In CRS: If an investor had bought $100 of CRS stock 15 years ago, it would be worth $619.81 today based on a price of $202.00 for CRS at the time of writing.
<h3>Carpenter Tech's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1740602718_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Carpenter Tech Stock In The Last 15 Years

WIIM

CRML

LITM

PPTA

SBSW

SCCO

STLD

TECK

Shares of metal and mining companies are trading lower amid overall market weakness on US consumer and economic concerns.

JP Morgan analyst Bennett Moore maintains Carpenter Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) with a Overweight and raises the price target from $235 to $240.

Price Target

JP Morgan Maintains Overweight on Carpenter Tech, Raises Price Target to $240

Carpenter Tech's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) short percent of float has risen 11.25% since its last report. The company recently reported that it has 2.79 million shares sold short, which is 7.81% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.42 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Carpenter Tech Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739390418_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Carpenter Tech has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Carpenter Tech's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Carpenter Tech's peer group average for short interest as a percentage of float is 4.85%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Carpenter Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) has outperformed the market over the past 5 years by 21.36% on an annualized basis producing an average annual return of 33.87%. Currently, Carpenter Tech has a market capitalization of $9.83 billion. 
Buying $1000 In CRS: If an investor had bought $1000 of CRS stock 5 years ago, it would be worth $4,346.45 today based on a price of $196.85 for CRS at the time of writing.
<h3>Carpenter Tech's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738873811_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have This Much Today

Investors with a lot of money to spend have taken a bullish stance on Carpenter Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with CRS, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Carpenter Tech.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 12%, bearish.
Out of all of the options we uncovered, 7 are puts, for a total amount of $394,310, and there was 1 call, for a total amount of $26,850.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $100.0 and $200.0 for Carpenter Tech, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Carpenter Tech's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Carpenter Tech's whale trades within a strike price range from $100.0 to $200.0 in the last 30 days. 
<h3>Carpenter Tech Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738872031_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CRS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/15/25</td>
<td>$26.9</td>
<td>$26.2</td>
<td>$26.9</td>
<td>$200.00</td>
<td>$107.3K</td>
<td align="right">0</td>
<td align="right">158</td>
</tr>
<tr>
<td>CRS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$12.2</td>
<td>$11.0</td>
<td>$11.78</td>
<td>$200.00</td>
<td>$74.2K</td>
<td align="right">249</td>
<td align="right">107</td>
</tr>
<tr>
<td>CRS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$27.7</td>
<td>$27.0</td>
<td>$27.0</td>
<td>$200.00</td>
<td>$51.3K</td>
<td align="right">0</td>
<td align="right">32</td>
</tr>
<tr>
<td>CRS</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/15/25</td>
<td>$28.9</td>
<td>$25.7</td>
<td>$27.2</td>
<td>$200.00</td>
<td>$48.9K</td>
<td align="right">0</td>
<td align="right">78</td>
</tr>
<tr>
<td>CRS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$28.8</td>
<td>$25.8</td>
<td>$26.7</td>
<td>$200.00</td>
<td>$48.0K</td>
<td align="right">0</td>
<td align="right">96</td>
</tr>
</tbody>
</table>

<h3>About Carpenter Tech</h3>
Carpenter Technology Corp supplies specialty metals to a variety of end markets, including aerospace and defense, industrial machinery and consumer durables, medical, and energy, among others. The company's reportable segments include; Specialty Alloys Operations and Performance Engineered Products. It generates maximum revenue from the Specialty Alloys Operations segment. The SAO segment is comprised of the company's alloy and stainless steel manufacturing operations. This includes operations performed at mills predominantly in Reading and Latrobe, Pennsylvania, and surrounding areas as well as South Carolina and Alabama. Geographically, the company derives its maximum revenue from the United States and the rest from Europe, Asia Pacific, Mexico, Canada, and other regions.
After a thorough review of the options trading surrounding Carpenter Tech, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Carpenter Tech</h3>
<ul>
<li>Trading volume stands at 279,448, with CRS's price up by 2.15%, positioned at $196.85.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 83 days.</li>
</ul>
<h3>What Analysts Are Saying About Carpenter Tech</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $235.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Carpenter Tech with a target price of $235. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Carpenter Tech with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Looking At Carpenter Tech's Recent Unusual Options Activity

Carpenter Technology shares are trading lower after the company reported Q2 financial results and missed its revenue estimate.

Carpenter Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) reported its Q2 earnings results on Thursday, January 30, 2025 at 08:00 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Carpenter Tech beat estimated earnings by 3.0%, reporting an EPS of $1.66 versus an estimate of $1.61.
Revenue was up $52.70 million from the same period last year.
<h3>Past Earnings Performance</h3>
In the previous quarter, the company beat on EPS by $0.14, resulting in a 1.0% increase change in the share price the following day.
Here's a look at Carpenter Tech's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.59</td>
<td>1.51</td>
<td>0.94</td>
<td>0.85</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.73</td>
<td>1.82</td>
<td>1.19</td>
<td>0.85</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>742.96M</td>
<td>763.75M</td>
<td>707.72M</td>
<td>657.10M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>717.60M</td>
<td>798.70M</td>
<td>684.90M</td>
<td>624.20M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Carpenter Tech <a href="https://www.benzinga.com/quote/CRS/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Insights into Carpenter Tech Q2 Earnings

Increasing operating income expectations to the range of $500 million to $520 million, up from the high end of the range of $460 million to $500 million.
Projecting $250 million to $300 million in adjusted free cash flow, which represents approximately 85 percent conversion rate.

Guidance

Carpenter Technology Anticipates Q3 Operating Income Of $126M - $134M, Says Well-positioned For Continued Growth Beyond FY25

Carpenter Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) reported quarterly earnings of $1.66 per share which beat the analyst consensus estimate of $1.61 by 3.11 percent. The company reported quarterly sales of $676.90 million which missed the analyst consensus estimate of $720.96 million by 6.11 percent. This is a 8.44 percent increase over sales of $624.20 million the same period last year.

Earnings Beats

Earnings Misses

Carpenter Tech Q2 2025 Adj EPS $1.66 Beats $1.61 Estimate, Sales $676.90M Miss $720.96M Estimate

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Earnings Scheduled For January 30, 2025

JP Morgan analyst Bennett Moore maintains Carpenter Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) with a Overweight and raises the price target from $220 to $235.

JP Morgan Maintains Overweight on Carpenter Tech, Raises Price Target to $235

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