CRS stock hits $616.84 after reporting a 23.85% one-month return, driven by recovering aerospace sector demand.
Carpenter Technology Corporation (NYSE:CRS) shares jumped 27% after management confirmed a rebound in aerospace demand, a key driver for its specialty metals business. The stock closed at $616.84 on June 30, 2026, posting a 23.85% one-month return and a 119.31% gain over the past year.
The company, with a $30.64 billion market capitalization, manufactures specialty metals for industries including aerospace. Hedge fund holdings in CRS rose to 74 in Q1 2026 from 71 in the prior quarter, reflecting growing investor interest.
TimesSquare Capital’s Q1 2026 investor letter highlighted CRS as a top contributor, citing its role in providing technical components and efficiency improvements for industrial clients.