NYSE:CRS Carpenter Technology (CRS) Stock Price, News & Analysis → Only a fool would buy Nvidia today… (From Porter & Company) (Ad) Free CRS Stock Alerts $70.82 +0.63 (+0.90%) (As of 01:38 PM ET) Add Compare Share Share Today's Range$69.90▼$71.6550-Day Range$59.07▼$70.1652-Week Range$40.57▼$74.06Volume213,994 shsAverage Volume452,349 shsMarket Capitalization$3.50 billionP/E Ratio24.51Dividend Yield1.13%Price Target$81.67 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Carpenter Technology alerts: Email Address Carpenter Technology MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside15.3% Upside$81.67 Price TargetShort InterestHealthy2.50% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-6.86Upright™ Environmental ScoreNews Sentiment0.84Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth17.50%From $4.00 to $4.70 Per ShareSee Full Details Hide Full Details 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.4.34 out of 5 starsBasic Materials Sector27th out of 171 stocksBlast Furnaces & Steel Mills Industry1st out of 12 stocks 2.5 Analyst's Opinion Consensus RatingCarpenter 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.Price Target Upside/DownsideAccording to analysts' consensus price target of $81.67, Carpenter Technology has a forecasted upside of 15.3% from its current price of $70.82.Amount of Analyst CoverageCarpenter Technology has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.50% of the float of Carpenter Technology has been sold short.Short Interest Ratio / Days to CoverCarpenter Technology has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Carpenter Technology has recently increased by 3.45%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldCarpenter Technology pays a meaningful dividend of 1.17%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCarpenter Technology does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Carpenter Technology is 27.68%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Carpenter Technology will have a dividend payout ratio of 17.02% next year. This indicates that Carpenter Technology will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCarpenter Technology has received a -120.52% net impact score from Upright. The largest negative impact of Carpenter Technology in category "GHG emissions" seems to be driven mostly by its "Copper alloys", "Nickel alloys", and "Stainless steel" products. See details.Environmental SustainabilityThe Environmental Impact score for Carpenter Technology is -6.86. Previous Next 2.7 News and Social Media Coverage News SentimentCarpenter Technology has a news sentiment score of 0.84. 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 0.35 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Carpenter Technology this week, compared to 4 articles on an average week.Search InterestOnly 9 people have searched for CRS on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.MarketBeat Follows12 people have added Carpenter Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Carpenter Technology insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.40% of the stock of Carpenter Technology is held by insiders.Percentage Held by Institutions92.03% of the stock of Carpenter Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Carpenter Technology are expected to grow by 17.50% in the coming year, from $4.00 to $4.70 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Carpenter Technology is 24.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.43.Price to Earnings Ratio vs. SectorThe P/E ratio of Carpenter Technology is 24.51, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 121.13.Price to Book Value per Share RatioCarpenter Technology has a P/B Ratio of 2.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsUrgent: Protect Your Investments from a Chinese InvasionAn alarming new reality is unfolding across America. The United States is bracing for the unthinkable - a potential Chinese invasion.Click here to get my exclusive report NOW >>> 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.Read More CRS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CRS Stock News HeadlinesMarch 24, 2024 | fool.comCarpenter Technology (NYSE: CRS)March 12, 2024 | sports.yahoo.comCarpenter wraps up career at gymnastics state finalsMarch 28, 2024 | Porter & Company (Ad)Only a fool would buy Nvidia today… Average people are too busy throwing their money into Nvidia, Google, and every other overvalued tech firm… while missing what could be the biggest story of the decade.March 12, 2024 | msn.comSabrina Carpenter Wears Barry Keoghan’s Jacket While Exiting 2024 Vanity Fair Oscar PartyMarch 4, 2024 | fool.com1 Aerospace and Defense Stock to Avoid and 1 That Looks Like a Better BuyFebruary 19, 2024 | msn.comRoyal Gold (RGLD) Q4 Earnings Top Estimates, Revenues Dip Y/YFebruary 17, 2024 | fool.comForget 3M: 3 Industrial Stocks to BuyFebruary 15, 2024 | finance.yahoo.comReliance Steel & Aluminum (RS) to Buy American Alloy SteelMarch 28, 2024 | Porter & Company (Ad)Only a fool would buy Nvidia today… Average people are too busy throwing their money into Nvidia, Google, and every other overvalued tech firm… while missing what could be the biggest story of the decade.February 15, 2024 | fool.comForget Boeing: This Stock Is Poised for a Potential Bull Run in 2024February 15, 2024 | fool.comForget Boeing: This Stock Is Poised for a Potential Bull Run in 2024February 2, 2024 | seekingalpha.comCarpenter Technology: More Upside With Profitable Growth Just Getting StartedFebruary 1, 2024 | seekingalpha.comCarpenter's Q2: 40% CAGR Operating Growth Expected And CheapJanuary 31, 2024 | markets.businessinsider.comAnalysts Offer Insights on Industrial Goods Companies: Sysco (SYY), Carpenter Technology (CRS) and Canadian Pacific (CP)January 31, 2024 | finance.yahoo.comLyondellBasell (LYB) MSI Technology Tie Up for Consumer PackagingJanuary 30, 2024 | finance.yahoo.com3 Momentum Anomaly Stocks to Bet on Amid Market VolatilityJanuary 29, 2024 | finance.yahoo.comCarpenter Technology (CRS) Q2 Earnings In Line With EstimatesJanuary 28, 2024 | finance.yahoo.comAnalysts Are Updating Their Carpenter Technology Corporation (NYSE:CRS) Estimates After Its Second-Quarter ResultsJanuary 27, 2024 | finance.yahoo.comCarpenter Technology Corporation (NYSE:CRS) Q2 2024 Earnings Call TranscriptJanuary 26, 2024 | finance.yahoo.comTwo Days Left Until Carpenter Technology Corporation (NYSE:CRS) Trades Ex-DividendJanuary 26, 2024 | markets.businessinsider.comBuy Rating for Carpenter Technology: Solid Execution and Strong Valuation Potential Despite 737 Max OverhangJanuary 26, 2024 | finance.yahoo.comQ2 2024 Carpenter Technology Corp Earnings CallJanuary 25, 2024 | finance.yahoo.comCarpenter Technology (CRS) Q2 Earnings Match EstimatesJanuary 25, 2024 | seekingalpha.comCarpenter Technology Corporation 2024 Q2 - Results - Earnings Call PresentationJanuary 25, 2024 | markets.businessinsider.comCarpenter Technology Q2 Earnings Meets EstimatesJanuary 25, 2024 | finance.yahoo.comCarpenter Technology Reports Second Quarter Fiscal Year 2024 ResultsJanuary 23, 2024 | finance.yahoo.comWest Fraser (WFG) to Shut Down Its Fraser Lake SawmillSee More Headlines Receive CRS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Carpenter Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings1/25/2024Ex-Dividend for 3/7 Dividend1/29/2024Dividend Payable3/07/2024Today3/28/2024Next Earnings (Estimated)4/25/2024Fiscal Year End6/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorBasic Materials Industry Blast furnaces & steel mills Sub-IndustrySteel Current SymbolNYSE:CRS CUSIP14428510 CIK17843 Webwww.carpentertechnology.com Phone(610) 208-2000Fax610-208-3716Employees4,500Year FoundedN/APrice Target and Rating Average Stock Price Target$81.67 High Stock Price Target$100.00 Low Stock Price Target$72.00 Potential Upside/Downside+16.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.89 Trailing P/E Ratio24.28 Forward P/E Ratio17.54 P/E GrowthN/ANet Income$56.40 million Net Margins5.27% Pretax Margin6.61% Return on Equity10.21% Return on Assets4.64% Debt Debt-to-Equity Ratio0.47 Current Ratio2.90 Quick Ratio1.26 Sales & Book Value Annual Sales$2.55 billion Price / Sales1.36 Cash Flow$3.97 per share Price / Cash Flow17.66 Book Value$28.76 per share Price / Book2.44Miscellaneous Outstanding Shares49,410,000Free Float47,732,000Market Cap$3.47 billion OptionableOptionable Beta1.55 The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.Get This Free Report Key ExecutivesMr. Tony R. Thene (Age 64)President, CEO & Director Comp: $2.65MMr. Timothy Lain (Age 52)Senior VP & CFO Comp: $1.1MMr. Brian J. Malloy (Age 57)Senior VP & COO Comp: $1.02MMr. James D. Dee (Age 66)Senior VP, General Counsel, Secretary, Chief Governance Officer & Chief Compliance Officer Comp: $876.76kMs. Elizabeth A. SocciVP, Controller & Chief Accounting OfficerDr. Suniti MoudgilChief Technology OfficerMr. John HuyetteVP of Corporate Development & Investor RelationsMs. Rachelle H. ThompsonVP & Chief Human Resources OfficerMr. Joseph E. Haniford (Age 65)Senior Vice President of Continuous Improvement Comp: $806.26kMr. Shakthimani LogasundaramChief Digital OfficerMore ExecutivesKey CompetitorsCommercial MetalsNYSE:CMCUnited States SteelNYSE:XMetallusNYSE:MTUSTimkenSteelNYSE:TMSTAlgoma Steel GroupNASDAQ:ASTLView All CompetitorsInsiders & InstitutionsPNC Financial Services Group Inc.Sold 514 shares on 3/22/2024Ownership: 0.125%Hennessy Advisors Inc.Bought 387,100 shares on 3/14/2024Ownership: 0.783%Vanguard Group Inc.Sold 185,253 shares on 3/11/2024Ownership: 11.476%Wellington Management Group LLPSold 2,592 shares on 3/5/2024Ownership: 0.848%Fisher Asset Management LLCSold 41,782 shares on 3/5/2024Ownership: 0.829%View All Insider TransactionsView All Institutional Transactions CRS Stock Analysis - Frequently Asked Questions Should I buy or sell Carpenter Technology stock right now? 3 Wall Street 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 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 Wall Street analysts have issued 1 year price objectives for Carpenter Technology's stock. Their CRS share price targets range from $72.00 to $100.00. On average, they expect the company's share price to reach $81.67 in the next twelve months. This suggests a possible upside of 15.3% 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 the year. Since then, CRS stock has increased by 0.0% and is now trading at $70.82. View the best growth stocks for 2024 here. Are investors shorting Carpenter Technology? Carpenter Technology saw a increase in short interest in the month of February. As of February 29th, there was short interest totaling 1,160,000 shares, an increase of 8.4% from the February 14th total of 1,070,000 shares. Based on an average daily trading volume, of 507,800 shares, the short-interest ratio is presently 2.3 days. Approximately 2.4% of the shares of the company 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 Thursday, April 25th 2024. View our CRS earnings forecast. How were Carpenter Technology's earnings last quarter? Carpenter Technology Co. (NYSE:CRS) announced its quarterly earnings data on Thursday, January, 25th. The basic materials company reported $0.85 EPS for the quarter, hitting the consensus estimate of $0.85. The basic materials company earned $624.20 million during the quarter, compared to analysts' expectations of $669.56 million. Carpenter Technology had a net margin of 5.27% and a trailing twelve-month return on equity of 10.21%. How often does Carpenter Technology pay dividends? What is the dividend yield for Carpenter Technology? Carpenter Technology announced a quarterly dividend on Thursday, January 18th. Shareholders of record on Tuesday, January 30th will be paid a dividend of $0.20 per share on Thursday, March 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Monday, January 29th. 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 1.17%. 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 17.02% 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), SPDR S&P Metals & Mining ETF (XME), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), VanEck Steel ETF (SLX), Invesco S&P SmallCap Momentum ETF (XSMO), Direxion Daily Metals & Mining Bull 2X Shares (MNM) and SPDR S&P 600 Small CapValue ETF (SLYV). 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 a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.48%), Vanguard Group Inc. (11.48%), Dimensional Fund Advisors LP (7.32%), Frontier Capital Management Co. LLC (2.22%), Goldman Sachs Group Inc. (1.97%) and Goldman Sachs Group Inc. (1.97%). 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 3/28/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeGrab Your Free Bitcoin Today!Crypto Swap ProfitsMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceFed launches fourth dollar overhaulStansberry Research“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisorySHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceBuy this small stock before coming AI Tidal WaveChaikin AnalyticsThe 3rd Revolution in WarfareWeiss Ratings Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Carpenter Technology Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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