Should I buy or sell Carpenter Technology stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last year. There are currently 4 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?

4 analysts have issued 12 month price targets for Carpenter Technology's stock. Their CRS share price targets range from $54.00 to $100.00. On average, they expect the company's stock price to reach $74.75 in the next year. This suggests a possible upside of 13.3% 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 2023?

Carpenter Technology's stock was trading at $36.94 on January 1st, 2023. Since then, CRS shares have increased by 78.7% and is now trading at $66.00. View the best growth stocks for 2023 here .

Are investors shorting Carpenter Technology?

Carpenter Technology saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 1,360,000 shares, an increase of 24.8% from the October 31st total of 1,090,000 shares. Based on an average daily volume of 485,400 shares, the days-to-cover ratio is currently 2.8 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, January 25th 2024. View our CRS earnings forecast .

How were Carpenter Technology's earnings last quarter?

Carpenter Technology Co. (NYSE:CRS) posted its quarterly earnings data on Thursday, October, 26th. The basic materials company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.75 by $0.13. The basic materials company earned $651.90 million during the quarter, compared to the consensus estimate of $739.15 million. Carpenter Technology had a net margin of 4.00% and a trailing twelve-month return on equity of 7.83%. Carpenter Technology's revenue for the quarter was up 24.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.14) earnings per share.

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

Carpenter Technology announced a quarterly dividend on Thursday, October 12th. Shareholders of record on Tuesday, October 24th will be given a dividend of $0.20 per share on Thursday, December 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Monday, October 23rd. 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 36.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRS will have a dividend payout ratio of 19.85% 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 retail and institutional investors. Top institutional investors include FMR LLC (3.14%), Invesco Ltd. (2.70%), Bank of New York Mellon Corp (1.90%), Northern Trust Corp (1.51%), Emerald Advisers LLC (1.41%) and Charles Schwab Investment Management Inc. (1.29%). 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Carpenter Technology Stock Price, News & Analysis (NYSE:CRS)

$66.00

+1.54 (+2.39%)

(As of 12/8/2023 ET)

Compare

Today's Range: $63.61
▼
$66.36
50-Day Range: $60.51
▼
$73.95
52-Week Range: $35.72
▼
$74.06

Volume: 594,356 shs
Average Volume: 530,383 shs
Market Capitalization: $3.25 billion

P/E Ratio: 30.41
Dividend Yield: 1.21%
Price Target: $74.75

Carpenter Technology MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 13.3% Upside
$74.75 Price Target
Short Interest: Healthy
2.76% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -7.11
Upright™ Environmental Score
News Sentiment: 0.78
Based on 6 Articles This Week
Insider Trading: Selling Shares
$433,961 Sold Last Quarter
Proj. Earnings Growth: 1.77%
From $3.96 to $4.03 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.30 out of 5 stars

Basic Materials Sector

68th out of 166 stocks

Blast Furnaces & Steel Mills Industry

6th out of 13 stocks

2.5

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 4 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $74.75, Carpenter Technology has a forecasted upside of 13.3% from its current price of $66.00.
Amount of Analyst Coverage
Carpenter Technology has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.76% of the outstanding shares of Carpenter Technology have been sold short.
Short Interest Ratio / Days to Cover
Carpenter Technology has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Carpenter Technology has recently increased by 24.77%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Carpenter Technology pays a meaningful dividend of 1.24%, 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 36.87%. 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 19.85% 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 -128.75% 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 Sustainability
The Environmental Impact score for Carpenter Technology is -7.11.

3.8

News and Social Media Coverage

News Sentiment
Carpenter Technology has a news sentiment score of 0.78. 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 0.46 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Carpenter Technology this week, compared to 4 articles on an average week.
Search Interest
4 people have searched for CRS on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.
MarketBeat Follows
6 people have added Carpenter Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 20% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 $433,961.00 in company stock.
Percentage Held by Insiders
Only 3.40% of the stock of Carpenter Technology is held by insiders.
Percentage Held by Institutions
91.86% of the stock of Carpenter Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Carpenter Technology are expected to grow by 1.77% in the coming year, from $3.96 to $4.03 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Carpenter Technology is 30.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of Carpenter Technology is 30.41, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 91.50.
Price to Book Value per Share Ratio
Carpenter Technology has a P/B Ratio of 2.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

December 4, 2023 | americanbankingnews.com

Financial Comparison: Carpenter Technology (NYSE:CRS) and A.M. Castle & Co. (OTCMKTS:CTAM)

December 4, 2023 | americanbankingnews.com

KeyCorp Brokers Boost Earnings Estimates for Carpenter Technology Co. (NYSE:CRS)

December 10, 2023 | Autonomix (Ad)

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology

Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com

December 3, 2023 | americanbankingnews.com

Carpenter Technology Co. (NYSE:CRS) Sees Large Increase in Short Interest

December 3, 2023 | americanbankingnews.com

Carpenter Technology Co. (NYSE:CRS) Given Consensus Rating of "Buy" by Analysts

December 1, 2023 | markets.businessinsider.com

KeyBanc Keeps Their Hold Rating on Carpenter Technology (CRS)

November 29, 2023 | finance.yahoo.com

The Returns At Carpenter Technology (NYSE:CRS) Aren't Growing

November 28, 2023 | markets.businessinsider.com

Carpenter Technology Promotes Brian Malloy To COO

December 10, 2023 | Autonomix (Ad)

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology

November 28, 2023 | realmoney.thestreet.com

Can Carpenter Technology Corp Put the Pedal to the Metal?

November 28, 2023 | finance.yahoo.com

Can Carpenter Technology Put the Pedal to the Metal?

November 28, 2023 | finance.yahoo.com

Carpenter Technology Names Brian Malloy Chief Operating Officer

November 26, 2023 | finance.yahoo.com

Dow Jones Futures Loom: Market Rally Looks Great, But Beware This; 8 Stocks Near Buy Points

November 21, 2023 | finance.yahoo.com

Aerospace And Defense Stock Carpenter Technology Is Up In 'Golden Goose Zone'

November 17, 2023 | seekingalpha.com

Carpenter Technology: Volatile Earnings Resulting In Poor Cyclical Performance

November 16, 2023 | finance.yahoo.com

CF Industries (CF) Gets Antitrust Nod for Waggaman Plant Buyout

November 14, 2023 | finance.yahoo.com

DuPont's (DD) Tyvek Facility Obtains ISCC PLUS Certification

November 13, 2023 | finance.yahoo.com

Carpenter Technology (NYSE:CRS) shareholders have earned a 41% CAGR over the last three years

November 11, 2023 | morningstar.com

Carpenter Technology Corp CRS

November 9, 2023 | benzinga.com

Carpenter Tech Director Acquires 15,734 Shares After Exercising Company Stock Options

November 9, 2023 | finance.yahoo.com

Ashland's (ASH) Q4 Earnings Miss Estimates, Revenues Meet

November 9, 2023 | finance.yahoo.com

Air Products (APD) to Build Europe's Biggest Blue Hydrogen Plant

October 30, 2023 | finance.yahoo.com

The Carpenter Technology Corp (CRS) Company: A Short SWOT Analysis

October 27, 2023 | markets.businessinsider.com

Buy Rating for Carpenter Technology’s Stock: Projected Earnings Surge and Undervaluation Highlighted

October 27, 2023 | finance.yahoo.com

Carpenter Technology Corporation (NYSE:CRS) Q1 2024 Earnings Call Transcript

October 26, 2023 | finance.yahoo.com

Carpenter Technology (CRS) Q1 Earnings Surpass Estimates

October 26, 2023 | finanznachrichten.de

Carpenter Technology Corporation: Carpenter Technology Reports First Quarter Fiscal Year 2024 Results

See More Headlines

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Company Calendar

Ex-Dividend for 12/7 Dividend: 10/23/2023
Last Earnings: 10/26/2023
Dividend Payable: 12/07/2023
Today: 12/09/2023
Next Earnings (Estimated): 1/25/2024
Fiscal Year End: 6/30/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Blast furnaces & steel mills
Sub-Industry: Steel
Sector: Basic Materials
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: $74.75
High Stock Price Target: $100.00
Low Stock Price Target: $54.00
Potential Upside/Downside: +13.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.17
Trailing P/E Ratio: 30.41
Forward P/E Ratio: 16.67
P/E Growth: N/A
Net Income: $56.40 million
Net Margins: 4.00%
Pretax Margin: 4.95%
Return on Equity: 7.83%
Return on Assets: 3.49%

Debt

Debt-to-Equity Ratio: 0.49
Current Ratio: 2.95
Quick Ratio: 1.37

Sales & Book Value

Annual Sales: $2.55 billion
Price / Sales: 1.28
Cash Flow: $3.95 per share
Price / Cash Flow: 16.70
Book Value: $28.76 per share
Price / Book: 2.29

Miscellaneous

Outstanding Shares: 49,310,000
Free Float: 47,630,000
Market Cap: $3.25 billion
Optionable: Optionable
Beta: 1.66

A Guide To High-Short-Interest Stocks

MarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

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Key Executives

Mr. Tony R. Thene (Age 63)
President, CEO & Director
Comp: $2.65M
Mr. Timothy Lain (Age 51)
Senior VP & CFO
Comp: $1.1M
Mr. James D. Dee (Age 65)
Senior VP, General Counsel, Secretary, Chief Governance Officer & Chief Compliance Officer
Comp: $876.76k
Mr. Brian J. Malloy (Age 56)
Senior VP & Group President of Specialty Alloys Operations Segment
Comp: $1.02M
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 64)
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?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last year. There are currently 4 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?: 4 analysts have issued 12 month price targets for Carpenter Technology's stock. Their CRS share price targets range from $54.00 to $100.00. On average, they expect the company's stock price to reach $74.75 in the next year. This suggests a possible upside of 13.3% 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 2023?: Carpenter Technology's stock was trading at $36.94 on January 1st, 2023. Since then, CRS shares have increased by 78.7% and is now trading at $66.00.
View the best growth stocks for 2023 here.
Are investors shorting Carpenter Technology?: Carpenter Technology saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 1,360,000 shares, an increase of 24.8% from the October 31st total of 1,090,000 shares. Based on an average daily volume of 485,400 shares, the days-to-cover ratio is currently 2.8 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, January 25th 2024.
View our CRS earnings forecast.
How were Carpenter Technology's earnings last quarter?: Carpenter Technology Co. (NYSE:CRS) posted its quarterly earnings data on Thursday, October, 26th. The basic materials company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.75 by $0.13. The basic materials company earned $651.90 million during the quarter, compared to the consensus estimate of $739.15 million. Carpenter Technology had a net margin of 4.00% and a trailing twelve-month return on equity of 7.83%. Carpenter Technology's revenue for the quarter was up 24.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.14) earnings per share.
How often does Carpenter Technology pay dividends? What is the dividend yield for Carpenter Technology?: Carpenter Technology announced a quarterly dividend on Thursday, October 12th. Shareholders of record on Tuesday, October 24th will be given a dividend of $0.20 per share on Thursday, December 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Monday, October 23rd.
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 36.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRS will have a dividend payout ratio of 19.85% 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 retail and institutional investors. Top institutional investors include FMR LLC (3.14%), Invesco Ltd. (2.70%), Bank of New York Mellon Corp (1.90%), Northern Trust Corp (1.51%), Emerald Advisers LLC (1.41%) and Charles Schwab Investment Management Inc. (1.29%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:CRS) was last updated on 12/10/2023 by MarketBeat.com Staff

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