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DOW   37,798.97
QQQ   431.10
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S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
Stock market today: Most of Wall Street slips as expectations rise for rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
ASML’s Earnings Could Bring The Stock to New Highs
3 Computer Vision Stocks for Long-Term Gains From AI
Undervalued UnitedHealth Group Won’t Be For Long
Closing prices for crude oil, gold and other commodities
DocuSign and The Case for 66% Upside 
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
Stock market today: Most of Wall Street slips as expectations rise for rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
ASML’s Earnings Could Bring The Stock to New Highs
3 Computer Vision Stocks for Long-Term Gains From AI
Undervalued UnitedHealth Group Won’t Be For Long
Closing prices for crude oil, gold and other commodities
DocuSign and The Case for 66% Upside 
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
Stock market today: Most of Wall Street slips as expectations rise for rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
ASML’s Earnings Could Bring The Stock to New Highs
3 Computer Vision Stocks for Long-Term Gains From AI
Undervalued UnitedHealth Group Won’t Be For Long
Closing prices for crude oil, gold and other commodities
DocuSign and The Case for 66% Upside 
NYSE:CRS

Carpenter Technology (CRS) Stock Price, News & Analysis

$77.49
+1.62 (+2.14%)
(As of 04/16/2024 ET)
Today's Range
$74.22
$77.71
50-Day Range
$61.12
$80.71
52-Week Range
$44.40
$82.16
Volume
603,382 shs
Average Volume
479,996 shs
Market Capitalization
$3.83 billion
P/E Ratio
26.81
Dividend Yield
1.03%
Price Target
$81.67

Carpenter Technology MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
5.3% Upside
$81.67 Price Target
Short Interest
Healthy
2.25% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.98
Upright™ Environmental Score
News Sentiment
0.95mentions of Carpenter Technology in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.66%
From $3.96 to $4.58 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.96 out of 5 stars

Basic Materials Sector

46th out of 169 stocks

Blast Furnaces & Steel Mills Industry

2nd out of 12 stocks

CRS stock logo

About Carpenter Technology Stock (NYSE:CRS)

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. The company was founded in 1889 and is headquartered in Philadelphia, Pennsylvania.

CRS Stock Price History

CRS Stock News Headlines

Carpenter Technology Corporation (CRS)
Could Bitcoin Literally FORCE This Crypto To Rocket Up?
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Carpenter Technology Declares Quarterly Cash Dividend
Could Bitcoin Literally FORCE This Crypto To Rocket Up?
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Carpenter Technology (NYSE: CRS)
Carpenter wraps up career at gymnastics state finals
Forget 3M: 3 Industrial Stocks to Buy
Reliance Steel & Aluminum (RS) to Buy American Alloy Steel
See More Headlines
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Company Calendar

Last Earnings
1/25/2024
Ex-Dividend for 3/7 Dividend
1/29/2024
Dividend Payable
3/07/2024
Today
4/16/2024
Ex-Dividend for 6/6 Dividend
4/22/2024
Next Earnings (Confirmed)
5/01/2024
Dividend Payable
6/06/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
14428510
Employees
4,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$81.67
High Stock Price Target
$100.00
Low Stock Price Target
$72.00
Potential Upside/Downside
+5.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$56.40 million
Pretax Margin
6.61%

Debt

Sales & Book Value

Annual Sales
$2.55 billion
Cash Flow
$3.86 per share
Book Value
$28.76 per share

Miscellaneous

Free Float
47,732,000
Market Cap
$3.83 billion
Optionable
Optionable
Beta
1.56
A Guide To High-Short-Interest Stocks Cover

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Key Executives

  • Mr. Tony R. Thene (Age 64)
    President, CEO & Director
    Comp: $2.65M
  • Mr. Timothy Lain (Age 52)
    Senior VP & CFO
    Comp: $1.1M
  • Mr. Brian J. MalloyMr. Brian J. Malloy (Age 57)
    Senior VP & COO
    Comp: $1.02M
  • Mr. James D. Dee (Age 66)
    Senior VP, General Counsel, Secretary, Chief Governance Officer & Chief Compliance Officer
    Comp: $876.76k
  • Ms. Elizabeth A. Socci
    VP, Controller & Chief Accounting Officer
  • Dr. Suniti Moudgil
    Chief Technology Officer
  • Mr. John Huyette
    VP of Corporate Development & Investor Relations
  • Ms. Rachelle H. Thompson
    VP & Chief Human Resources Officer
  • Mr. Joseph E. Haniford (Age 65)
    Senior Vice President of Continuous Improvement
    Comp: $806.26k
  • Mr. Shakthimani Logasundaram
    Chief Digital Officer

CRS Stock Analysis - Frequently Asked Questions

Should I buy or sell Carpenter Technology stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CRS shares.
View CRS analyst ratings
or view top-rated stocks.

What is Carpenter Technology's stock price target for 2024?

3 brokerages have issued 12-month price objectives for Carpenter Technology's shares. Their CRS share price targets range from $72.00 to $100.00. On average, they predict the company's share price to reach $81.67 in the next twelve months. This suggests a possible upside of 5.3% from the stock's current price.
View analysts price targets for CRS
or view top-rated stocks among Wall Street analysts.

How have CRS shares performed in 2024?

Carpenter Technology's stock was trading at $70.80 at the beginning of 2024. Since then, CRS stock has increased by 9.5% and is now trading at $77.52.
View the best growth stocks for 2024 here
.

Are investors shorting Carpenter Technology?

Carpenter Technology saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 1,080,000 shares, a drop of 10.0% from the March 15th total of 1,200,000 shares. Based on an average trading volume of 487,800 shares, the short-interest ratio is currently 2.2 days. Currently, 2.3% of the company's shares are short sold.
View Carpenter Technology's Short Interest
.

When is Carpenter Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our CRS earnings forecast
.

How can I listen to Carpenter Technology's earnings call?

Carpenter Technology will be holding an earnings conference call on Wednesday, May 1st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Carpenter Technology's earnings last quarter?

Carpenter Technology Co. (NYSE:CRS) released its quarterly earnings results on Thursday, January, 25th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.85. The basic materials company had revenue of $624.20 million for the quarter, compared to analyst estimates of $669.56 million. Carpenter Technology had a trailing twelve-month return on equity of 10.21% and a net margin of 5.27%.

How often does Carpenter Technology pay dividends? What is the dividend yield for Carpenter Technology?

Carpenter Technology declared a quarterly dividend on Friday, April 12th. Investors of record on Tuesday, April 23rd will be paid a dividend of $0.20 per share on Thursday, June 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, April 22nd. This is a boost from the stock's previous quarterly dividend of $0.18.
Read our dividend analysis for CRS
.

Is Carpenter Technology a good dividend stock?

Carpenter Technology (NYSE:CRS) pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.03%. The dividend payout ratio is 27.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRS will have a dividend payout ratio of 17.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRS.

What is Tony Thene's approval rating as Carpenter Technology's CEO?

87 employees have rated Carpenter Technology Chief Executive Officer Tony Thene on Glassdoor.com. Tony Thene has an approval rating of 35% among the company's employees. This puts Tony Thene in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Carpenter Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Carpenter Technology investors own include WPX Energy (WPX), Broadcom (AVGO), AT&T (T), Intel (INTC), Pfizer (PFE), Inovio Pharmaceuticals (INO), Micron Technology (MU), Cisco Systems (CSCO), AbbVie (ABBV) and Gilead Sciences (GILD).

Who are Carpenter Technology's major shareholders?

Carpenter Technology's stock is owned by many different institutional and retail investors. Top institutional investors include Hennessy Advisors Inc. (0.93%), Orser Capital Management LLC (0.06%), Tlwm (0.03%), Wealth Enhancement Advisory Services LLC (0.02%), Compass Wealth Management LLC (0.01%) and NBC Securities Inc. (0.00%). Insiders that own company stock include Brian J Malloy, Charles Douglas Mclane Jr, Elizabeth A Socci, Marshall D Akins and Steven E Karol.
View institutional ownership trends
.

How do I buy shares of Carpenter Technology?

Shares of CRS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CRS) was last updated on 4/16/2024 by MarketBeat.com Staff

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