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NYSE:CRS

Carpenter Technology (CRS) Stock Price, News & Analysis

$109.59
+1.28 (+1.18%)
(As of 05/24/2024 ET)
Today's Range
$108.10
$110.69
50-Day Range
$65.79
$112.19
52-Week Range
$44.40
$112.32
Volume
429,738 shs
Average Volume
727,975 shs
Market Capitalization
$5.44 billion
P/E Ratio
41.67
Dividend Yield
0.73%
Price Target
$109.67

Carpenter Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
0.1% Upside
$109.67 Price Target
Short Interest
Healthy
3.27% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-4.98
Upright™ Environmental Score
News Sentiment
0.88mentions of Carpenter Technology in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$6.26 M Sold Last Quarter
Proj. Earnings Growth
18.79%
From $4.31 to $5.12 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.

3.57 out of 5 stars

Basic Materials Sector

65th out of 169 stocks

Blast Furnaces & Steel Mills Industry

5th out of 10 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

Don't Wait for Fed to Cut Rates. Profit Now!
Q3 2024 Carpenter Technology Corp Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 3/7 Dividend
1/29/2024
Dividend Payable
3/07/2024
Ex-Dividend for 6/6 Dividend
4/22/2024
Last Earnings
5/01/2024
Today
5/25/2024
Dividend Payable
6/06/2024
Fiscal Year End
6/30/2024
Next Earnings (Estimated)
7/25/2024

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
$109.67
High Stock Price Target
$140.00
Low Stock Price Target
$73.00
Potential Upside/Downside
+0.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$56.40 million
Pretax Margin
6.11%

Debt

Sales & Book Value

Annual Sales
$2.55 billion
Cash Flow
$3.91 per share
Book Value
$30.29 per share

Miscellaneous

Free Float
47,921,000
Market Cap
$5.44 billion
Optionable
Optionable
Beta
1.47
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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. 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 analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued twelve-month price targets for Carpenter Technology's shares. 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 0.1% 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 increased by 54.8% and is now trading at $109.59.
View the best growth stocks for 2024 here
.

Are investors shorting Carpenter Technology?

Carpenter Technology saw a increase in short interest in 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 trading volume of 538,900 shares, the days-to-cover 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) issued its earnings results on Wednesday, May, 1st. The basic materials company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.25. The basic materials company earned $684.90 million during the quarter, compared to analysts' expectations of $707.73 million. Carpenter Technology had a trailing twelve-month return on equity of 12.75% and a net margin of 4.83%. Carpenter Technology's quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS.

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. Shareholders 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 0.73%. The ex-dividend date of this dividend is Monday, April 22nd. This is an increase 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 0.74%. 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 15.63% 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.46%), Bayberry Capital Partners LP (1.01%), Hennessy Advisors Inc. (0.93%), Mirae Asset Global Investments Co. Ltd. (0.60%), Principal Financial Group Inc. (0.57%) and First Eagle Investment Management LLC (0.30%). Insiders that own company stock include Brian J Malloy, Charles Douglas Mclane Jr, Elizabeth A Socci, James D Dee, 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 5/26/2024 by MarketBeat.com Staff

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