Carpenter Technology (CRS) Stock Forecast, Price & News

4 Wall Street research 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 research analysts is that investors should "buy" CRS shares.
View CRS analyst ratings or view top-rated stocks.

4 Wall Street analysts have issued twelve-month price targets for Carpenter Technology's shares. Their CRS share price forecasts 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 8.7% from the stock's current price.
View analysts price targets for CRS or view top-rated stocks among Wall Street analysts.

Carpenter Technology's stock was trading at $36.94 at the start of the year. Since then, CRS shares have increased by 86.2% and is now trading at $68.79.
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Carpenter Technology saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,190,000 shares, a drop of 9.2% from the August 15th total of 1,310,000 shares. Based on an average trading volume of 362,800 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.5% of the shares of the company are short sold.
View Carpenter Technology's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our CRS earnings forecast.

Carpenter Technology Co. (NYSE:CRS) announced its earnings results on Thursday, July, 27th. The basic materials company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.67 by $0.11. The basic materials company had revenue of $758.10 million for the quarter, compared to analyst estimates of $743.07 million. Carpenter Technology had a net margin of 2.21% and a trailing twelve-month return on equity of 4.21%. The company's quarterly revenue was up 34.5% on a year-over-year basis.

Carpenter Technology declared a quarterly dividend on Wednesday, August 9th. Investors of record on Tuesday, August 22nd will be paid a dividend of $0.20 per share on Thursday, September 7th. This represents a $0.80 annualized dividend and a yield of 1.16%. The ex-dividend date is Monday, August 21st.
Read our dividend analysis for CRS.

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).

Carpenter Technology (NYSE:CRS) pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.18%. The dividend payout ratio is 69.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRS will have a dividend payout ratio of 25.89% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRS.

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.

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).

Carpenter Technology trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRS."

Carpenter Technology's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.25%), Dimensional Fund Advisors LP (7.51%), State Street Corp (5.72%), Frontier Capital Management Co. LLC (3.25%), Bank of New York Mellon Corp (2.04%) and Geode Capital Management LLC (1.95%). Insiders that own company stock include Brian J Malloy, Elizabeth A Socci, Marshall D Akins and Steven E Karol.
View institutional ownership trends.

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.
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One share of CRS stock can currently be purchased for approximately $68.79.

Carpenter Technology (NYSE:CRS) has a market capitalization of $3.36 billion and generates $2.55 billion in revenue each year. The basic materials company earns $56.40 million in net income (profit) each year or $1.15 on an earnings per share basis.

The company employs 4,500 workers across the globe.

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.