Should I buy or sell Carpenter Technology stock right now?

3 Wall Street equities research 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 equities research 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 1 year price targets for Carpenter Technology's stock. Their CRS share price targets range from $72.00 to $100.00. On average, they anticipate the company's stock price to reach $81.67 in the next year. This suggests a possible upside of 2.9% 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 on January 1st, 2024. Since then, CRS shares have increased by 12.1% and is now trading at $79.38. View the best growth stocks for 2024 here .

Are investors shorting Carpenter Technology?

Carpenter Technology saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 1,080,000 shares, a decrease of 10.0% from the March 15th total of 1,200,000 shares. Based on an average daily volume of 487,800 shares, the short-interest ratio is presently 2.2 days. Approximately 2.3% of the company's shares are sold short. 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 data on Thursday, January, 25th. The basic materials company reported $0.85 EPS for the quarter, meeting the consensus estimate of $0.85. The basic materials company had revenue of $624.20 million for the quarter, compared to analysts' expectations 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 announced a quarterly dividend on Friday, April 12th. Shareholders of record on Tuesday, April 23rd will be given a dividend of $0.20 per share on Thursday, June 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Monday, April 22nd. This is a positive change 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 ETFs hold Carpenter Technology's stock?

ETFs with the largest weight of Carpenter Technology (NYSE:CRS) stock in their portfolio include Subversive Decarbonization ETF (DKRB) , Invesco S&P SmallCap Materials ETF (PSCM) , VanEck Steel ETF (SLX) , SPDR S&P Metals & Mining ETF (XME) , Innovator IBD Breakout Opportunities ETF (BOUT) , Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ) , Direxion Daily Metals & Mining Bull 2X Shares (MNM) and Invesco S&P SmallCap Momentum ETF (XSMO) .

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 retail and institutional investors. Top institutional shareholders include Hennessy Advisors Inc. (0.93%), Hodges Capital Management Inc. (0.21%), Allspring Global Investments Holdings LLC (0.07%), Orser Capital Management LLC (0.06%), Tlwm (0.03%) and Wealth Enhancement Advisory Services LLC (0.02%). 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 .

NYSE:CRS

Carpenter Technology (CRS) Stock Price, News & Analysis

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Free CRS Stock Alerts

$78.61

-0.77 (-0.97%)

(As of 10:39 AM ET)

Compare

Today's Range: $78.55
▼
$79.98
50-Day Range: $61.43
▼
$80.71
52-Week Range: $44.40
▼
$82.16

Volume: 60,961 shs
Average Volume: 479,874 shs
Market Capitalization: $3.88 billion

P/E Ratio: 27.20
Dividend Yield: 1.02%
Price Target: $81.67

Get Carpenter Technology alerts:

Carpenter Technology MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 2.9% 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: 0.64
Based on 14 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.

3.92 out of 5 stars

Basic Materials Sector

44th out of 172 stocks

Blast Furnaces & Steel Mills Industry

2nd out of 12 stocks

1.5

Analyst's Opinion

Consensus Rating
Carpenter Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Carpenter Technology has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.25% of the float of Carpenter Technology has been sold short.
Short Interest Ratio / Days to Cover
Carpenter Technology has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Carpenter Technology has recently decreased by 10.00%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Carpenter Technology pays a meaningful dividend of 1.03%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Carpenter Technology does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Carpenter Technology is 27.68%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Carpenter Technology will have a dividend payout ratio of 17.47% next year. This indicates that Carpenter Technology will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Carpenter Technology has received a -105.00% net impact score from Upright. The largest negative impact of Carpenter Technology in category "GHG emissions" seems to be driven mostly by its "Stainless steel", "Metallic iron", and "Copper alloys" products. See details.
Environmental Sustainability
The Environmental Impact score for Carpenter Technology is -4.98.

2.6

News and Social Media Coverage

News Sentiment
Carpenter Technology has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for Carpenter Technology this week, compared to 4 articles on an average week.
Search Interest
Only 5 people have searched for CRS on MarketBeat in the last 30 days. This is a decrease of -58% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Carpenter Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Carpenter Technology insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.40% of the stock of Carpenter Technology is held by insiders.
Percentage Held by Institutions
92.03% of the stock of Carpenter Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Carpenter Technology are expected to grow by 15.66% in the coming year, from $3.96 to $4.58 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Carpenter Technology is 27.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Carpenter Technology is 27.47, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 129.17.
Price to Book Value per Share Ratio
Carpenter Technology has a P/B Ratio of 2.76. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

CRS Stock News Headlines

April 18, 2024 | marketbeat.com

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A new business cycle is underway for the United States economy, and the manufacturing sector could be in play. This time, it isn't only Wall Street pushing the bets forward but also the current administration's attempt to onshore some global steel and aluminum manufacturing jobs.

April 18, 2024 | marketbeat.com

3 Steel Stocks Could Soar on New China Tariffs (CRS)

As the U.S. looks to return to China tariffs, the domestic steel and aluminum manufacturing industry could push these three stocks to soar.

April 19, 2024 | Paradigm Press (Ad)

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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…

April 18, 2024 | finance.yahoo.com

Three Days Left Until Carpenter Technology Corporation (NYSE:CRS) Trades Ex-Dividend

April 17, 2024 | finance.yahoo.com

Barrick (GOLD) Reports Lower Preliminary Production for Q1

April 16, 2024 | finance.yahoo.com

Carpenter Technology Corporation (CRS)

April 14, 2024 | investing.com

Carpenter Technology sets quarterly dividend at $0.20 per share

April 14, 2024 | msn.com

Carpenter Technology Announces Quarterly Dividend

April 19, 2024 | Paradigm Press (Ad)

Bitcoin Rockets To Record High But Buy THIS Instead

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…

April 12, 2024 | globenewswire.com

Carpenter Technology Declares Quarterly Cash Dividend

April 11, 2024 | americanbankingnews.com

Research Analysts Issue Forecasts for Carpenter Technology Co.'s Q1 2025 Earnings (NYSE:CRS)

April 5, 2024 | globenewswire.com

Carpenter Technology Announces Conference Call and Webcast

April 5, 2024 | fool.com

Why Shares in This Aerospace Supplier Soared in March

April 2, 2024 | yahoo.com

Sabrina Carpenter Is as Hot as Ever in Skims Spring Campaign — and Barry Keoghan Approves

March 28, 2024 | msn.com

Sabrina Carpenter opens up about dating amid rumoured romance with Barry Keoghan

March 24, 2024 | fool.com

Carpenter Technology (NYSE: CRS)

March 12, 2024 | sports.yahoo.com

Carpenter wraps up career at gymnastics state finals

March 12, 2024 | msn.com

Sabrina Carpenter Wears Barry Keoghan’s Jacket While Exiting 2024 Vanity Fair Oscar Party

March 4, 2024 | fool.com

1 Aerospace and Defense Stock to Avoid and 1 That Looks Like a Better Buy

February 19, 2024 | msn.com

Royal Gold (RGLD) Q4 Earnings Top Estimates, Revenues Dip Y/Y

February 17, 2024 | fool.com

Forget 3M: 3 Industrial Stocks to Buy

February 15, 2024 | finance.yahoo.com

Reliance Steel & Aluminum (RS) to Buy American Alloy Steel

February 15, 2024 | fool.com

Forget Boeing: This Stock Is Poised for a Potential Bull Run in 2024

February 15, 2024 | fool.com

Forget Boeing: This Stock Is Poised for a Potential Bull Run in 2024

February 2, 2024 | seekingalpha.com

Carpenter Technology: More Upside With Profitable Growth Just Getting Started

February 1, 2024 | seekingalpha.com

Carpenter's Q2: 40% CAGR Operating Growth Expected And Cheap

January 31, 2024 | markets.businessinsider.com

Analysts Offer Insights on Industrial Goods Companies: Sysco (SYY), Carpenter Technology (CRS) and Canadian Pacific (CP)

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: 4/19/2024
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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Basic Materials
Industry: Blast furnaces & steel mills
Sub-Industry: Steel
Current Symbol: NYSE:CRS
CUSIP: 14428510
CIK: 17843
Web: www.carpentertechnology.com
Phone: (610) 208-2000
Fax: 610-208-3716
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: +2.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.89
Trailing P/E Ratio: 27.47
Forward P/E Ratio: 20.05
P/E Growth: N/A
Net Income: $56.40 million
Net Margins: 5.27%
Pretax Margin: 6.61%
Return on Equity: 10.21%
Return on Assets: 4.64%

Debt

Debt-to-Equity Ratio: 0.47
Current Ratio: 2.90
Quick Ratio: 1.26

Sales & Book Value

Annual Sales: $2.55 billion
Price / Sales: 1.54
Cash Flow: $3.94 per share
Price / Cash Flow: 20.15
Book Value: $28.76 per share
Price / Book: 2.76

Miscellaneous

Outstanding Shares: 49,410,000
Free Float: 47,732,000
Market Cap: $3.92 billion
Optionable: Optionable
Beta: 1.56

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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. 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CRS Stock Analysis - Frequently Asked Questions

Should I buy or sell Carpenter Technology stock right now?: 3 Wall Street equities research 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 equities research 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 1 year price targets for Carpenter Technology's stock. Their CRS share price targets range from $72.00 to $100.00. On average, they anticipate the company's stock price to reach $81.67 in the next year. This suggests a possible upside of 2.9% 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 on January 1st, 2024. Since then, CRS shares have increased by 12.1% and is now trading at $79.38.
View the best growth stocks for 2024 here.
Are investors shorting Carpenter Technology?: Carpenter Technology saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 1,080,000 shares, a decrease of 10.0% from the March 15th total of 1,200,000 shares. Based on an average daily volume of 487,800 shares, the short-interest ratio is presently 2.2 days. Approximately 2.3% of the company's shares are sold short.
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 data on Thursday, January, 25th. The basic materials company reported $0.85 EPS for the quarter, meeting the consensus estimate of $0.85. The basic materials company had revenue of $624.20 million for the quarter, compared to analysts' expectations 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 announced a quarterly dividend on Friday, April 12th. Shareholders of record on Tuesday, April 23rd will be given a dividend of $0.20 per share on Thursday, June 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Monday, April 22nd. This is a positive change 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 ETFs hold Carpenter Technology's stock?: ETFs with the largest weight of Carpenter Technology (NYSE:CRS) stock in their portfolio include Subversive Decarbonization ETF (DKRB), Invesco S&P SmallCap Materials ETF (PSCM), VanEck Steel ETF (SLX), SPDR S&P Metals & Mining ETF (XME), Innovator IBD Breakout Opportunities ETF (BOUT), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), Direxion Daily Metals & Mining Bull 2X Shares (MNM) and Invesco S&P SmallCap Momentum ETF (XSMO).
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 retail and institutional investors. Top institutional shareholders include Hennessy Advisors Inc. (0.93%), Hodges Capital Management Inc. (0.21%), Allspring Global Investments Holdings LLC (0.07%), Orser Capital Management LLC (0.06%), Tlwm (0.03%) and Wealth Enhancement Advisory Services LLC (0.02%). 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 4/19/2024 by MarketBeat.com Staff

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