NYSE:CRS Carpenter Technology (CRS) Stock Price, News & Analysis → America’s worst nightmare? (From Porter & Company) (Ad) Free CRS Stock Alerts $103.24 -1.43 (-1.37%) (As of 05/13/2024 ET) Add Compare Share Share Today's Range$102.76▼$105.8150-Day Range$63.65▼$106.1152-Week Range$44.40▼$107.17Volume460,823 shsAverage Volume542,121 shsMarket Capitalization$5.12 billionP/E Ratio39.25Dividend Yield0.77%Price Target$109.67 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 RatingModerate Buy2.67 Rating ScoreUpside/Downside6.2% Upside$109.67 Price TargetShort InterestHealthy3.27% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-4.98Upright™ Environmental ScoreNews Sentiment0.54Based on 19 Articles This WeekInsider TradingSelling Shares$3.65 M Sold Last QuarterProj. Earnings Growth22.25%From $4.18 to $5.11 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.3.50 out of 5 starsBasic Materials Sector74th out of 172 stocksBlast Furnaces & Steel Mills Industry5th out of 12 stocks 1.3 Analyst's Opinion Consensus RatingCarpenter Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageCarpenter Technology has only been the subject of 3 research reports in the past 90 days.Read more about Carpenter Technology's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.27% of the outstanding shares of Carpenter Technology have been sold short.Short Interest Ratio / Days to CoverCarpenter Technology has a short interest ratio ("days to cover") of 3, 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 11.72%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldCarpenter Technology has a dividend yield of 0.76%, which is in 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 30.42%. 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 15.66% next year. This indicates that Carpenter Technology will be able to sustain or increase its dividend.Read more about Carpenter Technology's dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCarpenter 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 SustainabilityThe Environmental Impact score for Carpenter Technology is -4.98. Previous Next 2.5 News and Social Media Coverage News SentimentCarpenter Technology has a news sentiment score of 0.54. 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 0.41 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 19 news articles for Carpenter Technology this week, compared to 5 articles on an average week.Search InterestOnly 4 people have searched for CRS on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Carpenter Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Carpenter Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,645,081.00 in 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.Read more about Carpenter Technology's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Carpenter Technology are expected to grow by 22.25% in the coming year, from $4.18 to $5.11 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Carpenter Technology is 39.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.78.Price to Earnings Ratio vs. SectorThe P/E ratio of Carpenter Technology is 39.25, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 137.29.Price to Book Value per Share RatioCarpenter Technology has a P/B Ratio of 3.59. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Carpenter Technology's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Paradigm PressForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISYou might have seen that Bitcoin was one of the best performing assets of 2023. It gained 164%. But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin. He found something better.Click here to find out that this 8,788% cryptocurrency is. 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 HeadlinesMay 11 at 9:56 AM | insidertrades.comCarpenter Technology Co. (NYSE:CRS) VP Sells $445,518.34 in StockMay 8, 2024 | insidertrades.comCarpenter Technology Co. (NYSE:CRS) VP Elizabeth A. Socci Sells 802 SharesMay 8, 2024 | insidertrades.comCarpenter Technology Co. (NYSE:CRS) Director Steven E. Karol Sells 31,000 SharesApril 18, 2024 | marketbeat.com3 Steel Stocks Could Soar on New China TariffsA 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.com3 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.May 12 at 7:34 PM | fool.com3 Industrial Stocks to Buy at a DiscountMay 12 at 5:22 AM | americanbankingnews.comMarshall D. Akins Sells 4,358 Shares of Carpenter Technology Co. (NYSE:CRS) StockMay 10 at 5:56 AM | americanbankingnews.comCarpenter Technology (NYSE:CRS) PT Raised to $140.00 at BenchmarkMay 9, 2024 | americanbankingnews.comElizabeth A. Socci Sells 802 Shares of Carpenter Technology Co. (NYSE:CRS) StockMay 9, 2024 | americanbankingnews.comCarpenter Technology (NYSE:CRS) Sets New 12-Month High After Analyst UpgradeMay 8, 2024 | markets.businessinsider.comBenchmark Co. Reaffirms Their Buy Rating on Carpenter Technology (CRS)May 8, 2024 | finance.yahoo.comThe Zacks Rank Explained: How to Find Strong Buy Basic Materials StocksMay 8, 2024 | americanbankingnews.comNorthcoast Research Reiterates "Neutral" Rating for Carpenter Technology (NYSE:CRS)May 6, 2024 | fool.comHere's Why Carpenter Technology Shares Soared Again in AprilMay 6, 2024 | americanbankingnews.comCarpenter Technology (NYSE:CRS) Given New $116.00 Price Target at TD CowenMay 4, 2024 | investorplace.comDon't Wait for Fed to Cut Rates. Profit Now!May 3, 2024 | fool.comHere's Why This Aerospace Supplier Surged This WeekMay 3, 2024 | finance.yahoo.comCarpenter Technology Corp (CRS) Q3 Earnings: Surpasses Analyst Expectations with Strong PerformanceMay 3, 2024 | americanbankingnews.comCarpenter Technology (NYSE:CRS) Shares Gap Up Following Better-Than-Expected EarningsMay 3, 2024 | americanbankingnews.comCarpenter Technology (NYSE:CRS) Hits New 12-Month High on Better-Than-Expected EarningsMay 2, 2024 | finance.yahoo.comCarpenter Technology Corp (CRS) (Q3 2024) Earnings Call Transcript Highlights: Strong ...May 2, 2024 | finance.yahoo.comCarpenter Technology Third Quarter 2024 Earnings: Misses ExpectationsMay 2, 2024 | gurufocus.comQ3 2024 Carpenter Technology Corp Earnings Call TranscriptMay 2, 2024 | finance.yahoo.comQ3 2024 Carpenter Technology Corp Earnings CallMay 1, 2024 | seekingalpha.comCarpenter Technology Corporation 2024 Q3 - Results - Earnings Call PresentationSee 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 Ex-Dividend for 3/7 Dividend1/29/2024Dividend Payable3/07/2024Ex-Dividend for 6/6 Dividend4/22/2024Last Earnings5/01/2024Today5/13/2024Dividend Payable6/06/2024Fiscal Year End6/30/2024Next Earnings (Estimated)7/25/2024Get 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$109.67 High Stock Price Target$140.00 Low Stock Price Target$73.00 Potential Upside/Downside+6.2%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.63 Trailing P/E Ratio39.25 Forward P/E Ratio24.70 P/E GrowthN/ANet Income$56.40 million Net Margins4.83% Pretax Margin6.11% Return on Equity12.75% Return on Assets5.93% Debt Debt-to-Equity Ratio0.46 Current Ratio3.20 Quick Ratio1.45 Sales & Book Value Annual Sales$2.55 billion Price / Sales2.01 Cash Flow$3.81 per share Price / Cash Flow27.12 Book Value$28.76 per share Price / Book3.59Miscellaneous Outstanding Shares49,610,000Free Float47,921,000Market Cap$5.12 billion OptionableOptionable Beta1.47 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. 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:XTerniumNYSE:TXArcadium LithiumNYSE:ALTMBalchemNASDAQ:BCPCView All CompetitorsInsiders & InstitutionsRoubaix Capital LLCBought 11,572 shares on 5/13/2024Ownership: 0.175%Seven Eight Capital LPBought 18,867 shares on 5/13/2024Ownership: 0.038%UniSuper Management Pty LtdBought 11,125 shares on 5/13/2024Ownership: 0.022%Ameritas Investment Partners Inc.Sold 180 shares on 5/13/2024Ownership: 0.010%Covestor LtdBought 685 shares on 5/11/2024Ownership: 0.002%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 equities research analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CRS shares. View CRS analyst ratings or view top-rated stocks. What is Carpenter Technology's stock price target for 2024? 3 equities research analysts have issued 1 year target prices for Carpenter Technology's stock. Their CRS share price targets range from $73.00 to $140.00. On average, they predict the company's share price to reach $109.67 in the next twelve months. This suggests a possible upside of 6.2% 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 start of the year. Since then, CRS shares have increased by 45.8% and is now trading at $103.24. View the best growth stocks for 2024 here. Are investors shorting Carpenter Technology? Carpenter Technology saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,620,000 shares, an increase of 11.7% from the April 15th total of 1,450,000 shares. Based on an average daily volume of 538,900 shares, the short-interest ratio is presently 3.0 days. 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, July 25th 2024. View our CRS earnings forecast. How were Carpenter Technology's earnings last quarter? Carpenter Technology Co. (NYSE:CRS) released its quarterly earnings data on Wednesday, May, 1st. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.25. The basic materials company had revenue of $684.90 million for the quarter, compared to analyst estimates of $707.73 million. Carpenter Technology had a net margin of 4.83% and a trailing twelve-month return on equity of 12.75%. Carpenter Technology's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share. 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 annualized dividend and a yield of 0.77%. The ex-dividend date 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 0.76%. The dividend payout ratio is 30.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRS will have a dividend payout ratio of 15.66% 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 Innovator IBD Breakout Opportunities ETF (BOUT), Invesco S&P SmallCap Materials ETF (PSCM), VanEck Steel ETF (SLX), Subversive Decarbonization ETF (DKRB), SPDR S&P Metals & Mining ETF (XME), 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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.46%), Hennessy Advisors Inc. (0.93%), Mirae Asset Global Investments Co. Ltd. (0.60%), Principal Financial Group Inc. (0.57%), First Eagle Investment Management LLC (0.30%) and Assenagon Asset Management S.A. (0.28%). 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 5/13/2024 by MarketBeat.com Staff From Our PartnersThe A.I. story nobody is telling you (Read ASAP)TradeSmithThe 2024 Gold Rush: Unleashing Market PotentialPriority GoldHe Is Giving Away BitcoinCrypto Swap ProfitsConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsGold Set to EXPLODE!Gold Safe ExchangeThe Crypto 9-5 Escape PlanCrypto 101 MediaForget Bitcoin. 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