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S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
10 e-commerce stocks to consider for long-term buys
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
3 reasons to buy AMD before 2024
How does the Consumer Price Index affect the stock market?
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
3 biotech powerhouses poised to thrive amid sector rebound
Generative AI boosts UiPath; analysts see triple-digit EPS growth
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
3 must-own China stocks for the Year of the Dragon
Broadcom falls into a buy-the-dip opportunity 
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
10 e-commerce stocks to consider for long-term buys
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
3 reasons to buy AMD before 2024
How does the Consumer Price Index affect the stock market?
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
3 biotech powerhouses poised to thrive amid sector rebound
Generative AI boosts UiPath; analysts see triple-digit EPS growth
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
3 must-own China stocks for the Year of the Dragon
Broadcom falls into a buy-the-dip opportunity 
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
10 e-commerce stocks to consider for long-term buys
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
3 reasons to buy AMD before 2024
How does the Consumer Price Index affect the stock market?
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
3 biotech powerhouses poised to thrive amid sector rebound
Generative AI boosts UiPath; analysts see triple-digit EPS growth
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
3 must-own China stocks for the Year of the Dragon
Broadcom falls into a buy-the-dip opportunity 

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
434,541 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
0.69mentions of Carpenter Technology in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$433,961 Sold Last Quarter
Proj. Earnings Growth
-18.45%
From $3.74 to $3.05 Per Share

Overall MarketRank

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

2.17 out of 5 stars

Basic Materials Sector

100th out of 170 stocks

Blast Furnaces & Steel Mills Industry

8th out of 11 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

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
KeyBanc Keeps Their Hold Rating on Carpenter Technology (CRS)
Carpenter Technology Promotes Brian Malloy To COO
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Can Carpenter Technology Corp Put the Pedal to the Metal?
Can Carpenter Technology Put the Pedal to the Metal?
Carpenter Technology Corp CRS
Ashland's (ASH) Q4 Earnings Miss Estimates, Revenues Meet
Carpenter Technology (CRS) Q1 Earnings Surpass Estimates
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
12/08/2023
Next Earnings (Estimated)
1/25/2024
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
$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

Net Income
$56.40 million
Pretax Margin
4.95%

Debt

Sales & Book Value

Annual Sales
$2.68 billion
Cash Flow
$3.49 per share
Book Value
$28.76 per share

Miscellaneous

Free Float
47,630,000
Market Cap
$3.25 billion
Optionable
Optionable
Beta
1.66
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Key Executives















CRS Stock Analysis - Frequently Asked Questions

Should I buy or sell Carpenter Technology stock right now?

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

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 predict 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 trading 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) released its quarterly earnings results on Thursday, October, 26th. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.13. The basic materials company had revenue of $651.90 million for 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%. The company's revenue was up 24.7% on a year-over-year basis. During the same quarter in the previous year, the company 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. Stockholders of record on Tuesday, October 24th will be paid a dividend of $0.20 per share on Thursday, December 7th. This represents a $0.80 annualized dividend and a yield of 1.21%. The ex-dividend date 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 1.08%. 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 26.23% 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 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 12/9/2023 by MarketBeat.com Staff

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