NYSE:CRS Carpenter Technology (CRS) Stock Forecast, Price & News $52.15 +0.13 (+0.25%) (As of 02:58 PM ET) Add Compare Share Share Today's Range$50.84▼$52.4350-Day Range$41.60▼$54.3452-Week Range$24.76▼$54.89Volume156,368 shsAverage Volume418,501 shsMarket Capitalization$2.53 billionP/E Ratio124.17Dividend Yield1.53%Price Target$49.50 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Carpenter Technology MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside3.3% Downside$49.50 Price TargetShort InterestHealthy3.38% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-7.56Upright™ Environmental ScoreNews Sentiment1.25Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth181.73%From $1.04 to $2.93 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.1.99 out of 5 starsBasic Materials Sector103rd out of 164 stocksBlast Furnaces & Steel Mills Industry7th out of 13 stocks 1.5 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 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $49.50, Carpenter Technology has a forecasted downside of 3.3% from its current price of $51.20.Amount of Analyst CoverageCarpenter Technology has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.38% of the float of Carpenter Technology has been sold short.Short Interest Ratio / Days to CoverCarpenter Technology has a short interest ratio ("days to cover") of 3.6, 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 5.26%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldCarpenter Technology pays a meaningful dividend of 1.59%, 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 190.48%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Carpenter Technology will have a dividend payout ratio of 27.30% 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 -141.89% 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", "Stainless steel", and "Nickel alloys" products. See details.Environmental SustainabilityThe Environmental Impact score for Carpenter Technology is -7.56. Previous Next 4.0 News and Social Media Coverage News SentimentCarpenter Technology has a news sentiment score of 1.25. 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 0.44 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Carpenter Technology this week, compared to 2 articles on an average week.Search Interest1 people have searched for CRS on MarketBeat in the last 30 days. MarketBeat Follows4 people have added Carpenter Technology to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Carpenter Technology insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.50% of the stock of Carpenter Technology is held by insiders.Percentage Held by Institutions92.28% 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 2.5 Earnings and Valuation Earnings GrowthEarnings for Carpenter Technology are expected to grow by 181.73% in the coming year, from $1.04 to $2.93 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Carpenter Technology is 121.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.22.Price to Earnings Ratio vs. SectorThe P/E ratio of Carpenter Technology is 121.90, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 87.67.Price to Book Value per Share RatioCarpenter Technology has a P/B Ratio of 1.86. 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 (NYSE:CRS) StockCarpenter Technology Corp. engages in the manufacturing, fabrication, and distribution of specialty metals. It operates through the Specialty Alloys Operations and Performance Engineered Products segments. The Specialty Alloys Operations segment is composed of its major premium alloy and stainless-steel manufacturing operations. The Performance Engineered Products segment includes the Dynamet titanium, Carpenter Additive, and the Latrobe and Mexico distribution businesses. The company was founded by James Carpenter in 1889 and is headquartered in Philadelphia, PA.Read More 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 CRS Stock News HeadlinesJune 5, 2023 | finance.yahoo.comCarpenter Technology (NYSE:CRS) shareholders notch a 22% CAGR over 3 years, yet earnings have been shrinkingJune 5, 2023 | finance.yahoo.comColleen Pritchett Joins Carpenter Technology’s Board of DirectorsJune 8, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.June 1, 2023 | americanbankingnews.comShort Interest in Carpenter Technology Co. (NYSE:CRS) Increases By 5.3%May 27, 2023 | msn.comCarpenter Technology Is A Good Buy At The Current LevelsMay 22, 2023 | americanbankingnews.comCarpenter Technology (NYSE:CRS) Now Covered by StockNews.comMay 19, 2023 | msn.comBenchmark Reiterates Carpenter Technology (CRS) Buy RecommendationMay 19, 2023 | finance.yahoo.comCarpenter Technology (CRS) Gives Long-term Outlook, Shares RiseJune 8, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.May 16, 2023 | msn.comCarpenter Technology sets goal to double operating income by FY 2027May 16, 2023 | msn.comCarpenter Technology Is At An 'Inflection Point,' Aims To Double Operating IncomeMay 16, 2023 | finance.yahoo.comCarpenter Technology Highlights Strategic Priorities and Long-Term Financial Goals at Investor DayMay 16, 2023 | finance.yahoo.comAre Investors Undervaluing Carpenter Technology Corporation (NYSE:CRS) By 49%?May 16, 2023 | americanbankingnews.comZacks Research Research Analysts Cut Earnings Estimates for Carpenter Technology Co. (NYSE:CRS)May 14, 2023 | marketwatch.comCarpenter Technology $CRS Trading SignalsMay 12, 2023 | americanbankingnews.comFY2024 EPS Estimates for Carpenter Technology Co. (NYSE:CRS) Increased by KeyCorpMay 9, 2023 | americanbankingnews.comKeyCorp Brokers Raise Earnings Estimates for Carpenter Technology Co. (NYSE:CRS)May 3, 2023 | msn.comBenchmark Maintains Carpenter Technology (CRS) Buy RecommendationApril 30, 2023 | americanbankingnews.comCarpenter Technology (NYSE:CRS) Lifted to Hold at StockNews.comApril 28, 2023 | finance.yahoo.comQ3 2023 Carpenter Technology Corp Earnings CallApril 27, 2023 | markets.businessinsider.comCowen & Co. Sticks to Their Buy Rating for Carpenter Technology (CRS)April 27, 2023 | seekingalpha.comCarpenter Technology Corporation 2023 Q3 - Results - Earnings Call PresentationApril 27, 2023 | finanznachrichten.deCarpenter Technology Corporation: Carpenter Technology Reports Third Quarter Fiscal Year 2023 ResultsApril 27, 2023 | markets.businessinsider.comCarpenter Technology Corp. Q3 Earnings SummaryApril 27, 2023 | finance.yahoo.comCarpenter Technology Reports Third Quarter Fiscal Year 2023 ResultsApril 27, 2023 | finance.yahoo.comCarpenter Technology (CRS) Q3 Earnings and Revenues Top EstimatesApril 26, 2023 | forbes.comTake Profits On Carpenter Technology (CRS)See More Headlines CRS Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CRS Company Calendar Last Earnings4/27/2023Ex-Dividend for 6/1 Dividend5/01/2023Dividend Payable6/01/2023Today6/08/2023Fiscal Year End6/30/2023Next Earnings (Estimated)7/27/2023Get 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) 208-2000Fax610-208-3716Employees4,100Year FoundedN/APrice Target and Rating Average Stock Price Forecast$49.50 High Stock Price Forecast$54.00 Low Stock Price Forecast$45.00 Forecasted Upside/Downside-4.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.42 Trailing P/E Ratio123.90 Forward P/E Ratio50.04 P/E GrowthN/ANet Income$-49,100,000.00 Net Margins0.87% Pretax Margin1.24% Return on Equity1.35% Return on Assets0.59% Debt Debt-to-Equity Ratio0.52 Current Ratio2.45 Quick Ratio1.14 Sales & Book Value Annual Sales$1.84 billion Price / Sales1.38 Cash Flow$1.79 per share Price / Cash Flow29.06 Book Value$27.56 per share Price / Book1.89Miscellaneous Outstanding Shares48,550,000Free Float46,851,000Market Cap$2.53 billion OptionableOptionable Beta1.76 Key ExecutivesTony R. ThenePresident, Chief Executive Officer & DirectorJoe HanifordSenior Vice President-OperationsTimothy LainChief Financial Officer & Senior Vice PresidentSuniti MoudgilChief Technology OfficerJames Digiacomo DeeSecretary, Senior Vice President & General CounselKey CompetitorsUnited States SteelNYSE:XCommercial MetalsNYSE:CMCTimkenSteelNYSE:TMSTAlgoma Steel GroupNASDAQ:ASTLTerniumNYSE:TXView All CompetitorsInsiders & InstitutionsLevel Four Advisory Services LLCBought 11,028 shares on 6/5/2023Ownership: 0.023%ProShare Advisors LLCSold 613 shares on 5/26/2023Ownership: 0.014%Ameriprise Financial Inc.Sold 5,284 shares on 5/22/2023Ownership: 0.457%New York State Common Retirement FundSold 27,601 shares on 5/18/2023Ownership: 0.566%JPMorgan Chase & Co.Bought 94,330 shares on 5/18/2023Ownership: 0.353%View All Insider TransactionsView All Institutional Transactions CRS Stock - Frequently Asked Questions Should I buy or sell Carpenter Technology stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last year. There are currently 2 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 forecast for 2023? 2 equities research analysts have issued 12-month price targets for Carpenter Technology's stock. Their CRS share price forecasts range from $45.00 to $54.00. On average, they anticipate the company's share price to reach $49.50 in the next year. This suggests that the stock has a possible downside of 4.9%. 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 at the start of the year. Since then, CRS stock has increased by 40.9% and is now trading at $52.04. View the best growth stocks for 2023 here. Are investors shorting Carpenter Technology? Carpenter Technology saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,600,000 shares, an increase of 5.3% from the April 30th total of 1,520,000 shares. Based on an average daily volume of 439,800 shares, the short-interest ratio is currently 3.6 days. Approximately 3.4% of the shares of the stock are short sold. 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 27th 2023. View our CRS earnings forecast. How were Carpenter Technology's earnings last quarter? Carpenter Technology Co. (NYSE:CRS) issued its quarterly earnings results on Thursday, April, 27th. The basic materials company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. The basic materials company earned $690.10 million during the quarter, compared to the consensus estimate of $632.50 million. Carpenter Technology had a net margin of 0.87% and a trailing twelve-month return on equity of 1.35%. Carpenter Technology's revenue for the quarter was up 41.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.20) EPS. How often does Carpenter Technology pay dividends? What is the dividend yield for Carpenter Technology? Carpenter Technology announced a quarterly dividend on Thursday, April 20th. Stockholders of record on Tuesday, May 2nd will be given a dividend of $0.20 per share on Thursday, June 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Monday, May 1st. 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 Invesco S&P SmallCap Materials ETF (PSCM), Subversive Decarbonization ETF (DKRB), VanEck Steel ETF (SLX), Invesco DWA Basic Materials Momentum ETF (PYZ), SPDR S&P Metals & Mining ETF (XME), Invesco S&P SmallCap Momentum ETF (XSMO), Direxion Daily Metal Miners Bull 2X Shares (MNM) and iShares S&P Small-Cap 600 Value ETF (IJS). 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 1.66%. The dividend payout ratio is 190.48%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CRS will have a dividend payout ratio of 27.30% 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). What is Carpenter Technology's stock symbol? Carpenter Technology trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRS." Who are Carpenter Technology's major shareholders? Carpenter Technology's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.47%), Dimensional Fund Advisors LP (7.55%), State Street Corp (5.46%), Frontier Capital Management Co. LLC (3.71%), Thrivent Financial for Lutherans (3.22%) and Bank of New York Mellon Corp (2.11%). 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. What is Carpenter Technology's stock price today? One share of CRS stock can currently be purchased for approximately $52.04. How much money does Carpenter Technology make? Carpenter Technology (NYSE:CRS) has a market capitalization of $2.53 billion and generates $1.84 billion in revenue each year. The basic materials company earns $-49,100,000.00 in net income (profit) each year or $0.42 on an earnings per share basis. How many employees does Carpenter Technology have? The company employs 4,100 workers across the globe. How can I contact Carpenter Technology? Carpenter Technology's mailing address is 1735 MARKET STREET 15TH FL, PHILADELPHIA PA, 19103. The official website for the company is www.carpentertechnology.com. The basic materials company can be reached via phone at (610) 208-2000, via email at brad@theplunkettgroup.com, or via fax at 610-208-3716. This page (NYSE:CRS) was last updated on 6/8/2023 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. 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