Carpenter Technology Corporation (CRS) was reclassified into several prominent Russell indices, effective June 30, 2025. The company was added to the Russell Midcap Value Index, Russell Midcap Growth Index, Russell 3000 Value Index, Russell 1000 Dynamic Index, Russell 1000 Growth Index, Russell 1000 Value Index, Russell 3000E Value Index, and the Russell Midcap Index.
These inclusions signify a notable shift in Carpenter Technology's market capitalization and investment characteristics, moving it into categories typically associated with larger and more established companies. Concurrently, CRS was dropped from the Russell 2000 Growth-Defensive Index, Russell 2000 Defensive Index, and Russell 2000 Dynamic Index.
The changes reflect Carpenter Technology's evolving market position and are expected to enhance its visibility among a wider array of investors. Inclusion in these indices can lead to increased demand for the company's stock from passive funds that track these benchmarks.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.