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NYSE:CRS

Carpenter Technology (CRS) Stock Price, News & Analysis

$63.84
-0.62 (-0.96%)
(As of 08:22 AM ET)
Today's Range
$63.84
$63.84
50-Day Range
$59.07
$72.04
52-Week Range
$38.24
$74.06
Volume
258 shs
Average Volume
488,815 shs
Market Capitalization
$3.15 billion
P/E Ratio
22.09
Dividend Yield
1.25%
Price Target
$81.67

Carpenter Technology MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
26.7% Upside
$81.67 Price Target
Short Interest
Healthy
2.47% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.86
Upright™ Environmental Score
News Sentiment
1.03mentions of Carpenter Technology in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
17.50%
From $4.00 to $4.70 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.

4.74 out of 5 stars

Basic Materials Sector

16th out of 171 stocks

Blast Furnaces & Steel Mills Industry

2nd out of 13 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

Forget 3M: 3 Industrial Stocks to Buy
Blue Chips And Billionaires Quietly Investing In "The New Oil"
They're as essential to the tech and AI revolutions as oil was to the industrial revolution. Known as rare earth elements or REEs, these relatively unheard of commodities are essential to semiconductor chips, renewable energy, electric vehicles, and more.
Reliance Steel & Aluminum (RS) to Buy American Alloy Steel
Blue Chips And Billionaires Quietly Investing In "The New Oil"
They're as essential to the tech and AI revolutions as oil was to the industrial revolution. Known as rare earth elements or REEs, these relatively unheard of commodities are essential to semiconductor chips, renewable energy, electric vehicles, and more.
Q2 2024 Carpenter Technology Corp Earnings Call
Carpenter Technology (CRS) Q2 Earnings Match Estimates
Carpenter Technology Q2 Earnings Meets Estimates
West Fraser (WFG) to Shut Down Its Fraser Lake Sawmill
See More Headlines
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Company Calendar

Ex-Dividend for 12/7 Dividend
10/23/2023
Dividend Payable
12/07/2023
Last Earnings
1/25/2024
Ex-Dividend for 3/7 Dividend
1/29/2024
Today
2/26/2024
Dividend Payable
3/07/2024
Next Earnings (Estimated)
4/25/2024
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
+26.7%
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
$2.72 billion
Cash Flow
$3.86 per share
Book Value
$28.76 per share

Miscellaneous

Free Float
47,732,000
Market Cap
$3.19 billion
Optionable
Optionable
Beta
1.55
12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

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 research analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last year. 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 12-month target prices for Carpenter Technology's stock. 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 year. This suggests a possible upside of 26.7% 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 decreased by 9.0% and is now trading at $64.46.
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 January. As of January 31st, there was short interest totaling 1,220,000 shares, an increase of 18.4% from the January 15th total of 1,030,000 shares. Based on an average daily volume of 532,600 shares, the days-to-cover ratio is currently 2.3 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, April 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 Thursday, January, 25th. The basic materials company reported $0.85 EPS for the quarter, hitting analysts' consensus estimates of $0.85. The basic materials company earned $624.20 million during 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 announced a quarterly dividend on Thursday, January 18th. Investors of record on Tuesday, January 30th will be given a dividend of $0.20 per share on Thursday, March 7th. This represents a $0.80 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend 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 1.24%. 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 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%), Dimensional Fund Advisors LP (7.32%), Frontier Capital Management Co. LLC (2.22%), Goldman Sachs Group Inc. (1.97%), Northern Trust Corp (1.41%) and Hawk Ridge Capital Management LP (1.39%). 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 2/26/2024 by MarketBeat.com Staff