Carpenter Technology Stock Price, News & Analysis (NYSE:CRS) $66.00 +1.54 (+2.39%) (As of 12/8/2023 ET) Add Compare Share Share Today's Range$63.61▼$66.3650-Day Range$60.51▼$73.9552-Week Range$35.72▼$74.06Volume594,356 shsAverage Volume530,383 shsMarket Capitalization$3.25 billionP/E Ratio30.41Dividend Yield1.21%Price Target$74.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Carpenter Technology MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside13.3% Upside$74.75 Price TargetShort InterestHealthy2.76% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-7.11Upright™ Environmental ScoreNews Sentiment0.78Based on 6 Articles This WeekInsider TradingSelling Shares$433,961 Sold Last QuarterProj. Earnings Growth1.77%From $3.96 to $4.03 Per ShareSee Full Details Hide Full Details 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 starsBasic Materials Sector68th out of 166 stocksBlast Furnaces & Steel Mills Industry6th out of 13 stocks 2.5 Analyst's Opinion Consensus RatingCarpenter 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/DownsideAccording 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 CoverageCarpenter Technology has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.76% 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 2.8, 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 24.77%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldCarpenter Technology pays a meaningful dividend of 1.24%, higher than 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 36.87%. 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 19.85% next year. This indicates that Carpenter Technology will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCarpenter 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 SustainabilityThe Environmental Impact score for Carpenter Technology is -7.11. Previous Next 3.8 News and Social Media Coverage News SentimentCarpenter 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 WeekMarketBeat has tracked 6 news articles for Carpenter Technology this week, compared to 4 articles on an average week.Search Interest4 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 Follows6 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. 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 $433,961.00 in company stock.Percentage Held by InsidersOnly 3.40% of the stock of Carpenter Technology is held by insiders.Percentage Held by Institutions91.86% of the stock of Carpenter Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe 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. SectorThe 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 RatioCarpenter 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. Previous Next 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.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 HeadlinesDecember 4, 2023 | americanbankingnews.comFinancial Comparison: Carpenter Technology (NYSE:CRS) and A.M. Castle & Co. (OTCMKTS:CTAM)December 4, 2023 | americanbankingnews.comKeyCorp 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 TechnologyAutonomix 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.comDecember 3, 2023 | americanbankingnews.comCarpenter Technology Co. (NYSE:CRS) Sees Large Increase in Short InterestDecember 3, 2023 | americanbankingnews.comCarpenter Technology Co. (NYSE:CRS) Given Consensus Rating of "Buy" by AnalystsDecember 1, 2023 | markets.businessinsider.comKeyBanc Keeps Their Hold Rating on Carpenter Technology (CRS)November 29, 2023 | finance.yahoo.comThe Returns At Carpenter Technology (NYSE:CRS) Aren't GrowingNovember 28, 2023 | markets.businessinsider.comCarpenter Technology Promotes Brian Malloy To COODecember 10, 2023 | Autonomix (Ad)How to Invest Early In the Next Potential Breakthrough Nerve-Sensing TechnologyAutonomix 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.comNovember 28, 2023 | realmoney.thestreet.comCan Carpenter Technology Corp Put the Pedal to the Metal?November 28, 2023 | finance.yahoo.comCan Carpenter Technology Put the Pedal to the Metal?November 28, 2023 | finance.yahoo.comCarpenter Technology Names Brian Malloy Chief Operating OfficerNovember 26, 2023 | finance.yahoo.comDow Jones Futures Loom: Market Rally Looks Great, But Beware This; 8 Stocks Near Buy PointsNovember 21, 2023 | finance.yahoo.comAerospace And Defense Stock Carpenter Technology Is Up In 'Golden Goose Zone'November 17, 2023 | seekingalpha.comCarpenter Technology: Volatile Earnings Resulting In Poor Cyclical PerformanceNovember 16, 2023 | finance.yahoo.comCF Industries (CF) Gets Antitrust Nod for Waggaman Plant BuyoutNovember 14, 2023 | finance.yahoo.comDuPont's (DD) Tyvek Facility Obtains ISCC PLUS CertificationNovember 13, 2023 | finance.yahoo.comCarpenter Technology (NYSE:CRS) shareholders have earned a 41% CAGR over the last three yearsNovember 11, 2023 | morningstar.comCarpenter Technology Corp CRSNovember 9, 2023 | benzinga.comCarpenter Tech Director Acquires 15,734 Shares After Exercising Company Stock OptionsNovember 9, 2023 | finance.yahoo.comAshland's (ASH) Q4 Earnings Miss Estimates, Revenues MeetNovember 9, 2023 | finance.yahoo.comAir Products (APD) to Build Europe's Biggest Blue Hydrogen PlantOctober 30, 2023 | finance.yahoo.comThe Carpenter Technology Corp (CRS) Company: A Short SWOT AnalysisOctober 27, 2023 | markets.businessinsider.comBuy Rating for Carpenter Technology’s Stock: Projected Earnings Surge and Undervaluation HighlightedOctober 27, 2023 | finance.yahoo.comCarpenter Technology Corporation (NYSE:CRS) Q1 2024 Earnings Call TranscriptOctober 26, 2023 | finance.yahoo.comCarpenter Technology (CRS) Q1 Earnings Surpass EstimatesOctober 26, 2023 | finanznachrichten.deCarpenter Technology Corporation: Carpenter Technology Reports First Quarter Fiscal Year 2024 ResultsSee 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 12/7 Dividend10/23/2023Last Earnings10/26/2023Dividend Payable12/07/2023Today12/09/2023Next Earnings (Estimated)1/25/2024Fiscal Year End6/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Blast furnaces & steel mills Sub-IndustrySteel SectorBasic Materials Current SymbolNYSE:CRS CUSIP14428510 CIK17843 Webwww.carpentertechnology.com Phone(610) 208-2000Fax610-208-3716Employees4,500Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$2.17 Trailing P/E Ratio30.41 Forward P/E Ratio16.67 P/E GrowthN/ANet Income$56.40 million Net Margins4.00% Pretax Margin4.95% Return on Equity7.83% Return on Assets3.49% Debt Debt-to-Equity Ratio0.49 Current Ratio2.95 Quick Ratio1.37 Sales & Book Value Annual Sales$2.55 billion Price / Sales1.28 Cash Flow$3.95 per share Price / Cash Flow16.70 Book Value$28.76 per share Price / Book2.29Miscellaneous Outstanding Shares49,310,000Free Float47,630,000Market Cap$3.25 billion OptionableOptionable Beta1.66 A Guide To High-Short-Interest StocksMarketBeat'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.Get This Free Report Key ExecutivesMr. Tony R. Thene (Age 63)President, CEO & Director Comp: $2.65MMr. Timothy Lain (Age 51)Senior VP & CFO Comp: $1.1MMr. James D. Dee (Age 65)Senior VP, General Counsel, Secretary, Chief Governance Officer & Chief Compliance Officer Comp: $876.76kMr. Brian J. Malloy (Age 56)Senior VP & Group President of Specialty Alloys Operations Segment Comp: $1.02MMs. 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 64)Senior Vice President of Continuous Improvement Comp: $806.26kMr. Shakthimani LogasundaramChief Digital OfficerMore ExecutivesKey CompetitorsCommercial MetalsNYSE:CMCUnited States SteelNYSE:XAlgoma Steel GroupNASDAQ:ASTLTimkenSteelNYSE:TMSTTerniumNYSE:TXView All CompetitorsInsiders & InstitutionsCitigroup Inc.Sold 16,520 shares on 12/6/2023Ownership: 0.040%Wellington Management Group LLPSold 17,370 shares on 12/1/2023Ownership: 0.855%American Century Companies Inc.Bought 1,713 shares on 11/30/2023Ownership: 0.068%Deutsche Bank AGBought 2,894 shares on 11/24/2023Ownership: 0.050%Public Sector Pension Investment BoardSold 26,170 shares on 11/22/2023Ownership: 0.122%View All Insider TransactionsView 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Carpenter Technology Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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