NYSE:CRS Carpenter Technology (CRS) Stock Forecast, Price & News $69.01 +0.22 (+0.32%) (As of 09/22/2023 08:51 PM ET) Add Compare Share Share Today's Range$68.77▼$70.8550-Day Range$55.91▼$69.3352-Week Range$31.02▼$71.19Volume528,600 shsAverage Volume410,782 shsMarket Capitalization$3.37 billionP/E Ratio60.01Dividend Yield1.16%Price Target$74.75 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Carpenter Technology MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside8.3% Upside$74.75 Price TargetShort InterestHealthy2.50% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-7.23Upright™ Environmental ScoreNews Sentiment0.85Based on 12 Articles This WeekInsider TradingSelling Shares$850,313 Sold Last QuarterProj. Earnings Growth-11.21%From $3.48 to $3.09 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.2.02 out of 5 starsBasic Materials Sector115th out of 167 stocksBlast Furnaces & Steel Mills Industry8th out of 12 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 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 8.3% from its current price of $69.01.Amount of Analyst CoverageCarpenter Technology has only been the subject of 3 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.50% 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 3.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Carpenter Technology has recently decreased by 9.16%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldCarpenter Technology pays a meaningful dividend of 1.16%, 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 69.57%. 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 25.89% 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 -145.73% 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 -7.23. Previous Next 3.2 News and Social Media Coverage News SentimentCarpenter Technology has a news sentiment score of 0.85. 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 0.48 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Carpenter Technology this week, compared to 3 articles on an average week.Search InterestOnly 4 people have searched for CRS on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows13 people have added Carpenter Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 1,200% 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 $850,313.00 in company stock.Percentage Held by InsidersOnly 3.50% 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 1.3 Earnings and Valuation Earnings GrowthEarnings for Carpenter Technology are expected to decrease by -11.21% in the coming year, from $3.48 to $3.09 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Carpenter Technology is 60.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.21.Price to Earnings Ratio vs. SectorThe P/E ratio of Carpenter Technology is 60.01, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 92.20.Price to Book Value per Share RatioCarpenter Technology has a P/B Ratio of 2.40. 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 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CRS Stock News HeadlinesSeptember 22, 2023 | finance.yahoo.comU. S. Steel (X) Partners With NETL to Capture Greenhouse GasSeptember 21, 2023 | finance.yahoo.comPPG Unveils Sustainability CO2NCEPT System, Helps Body ShopsSeptember 25, 2023 | Stansberry Research (Ad)A 73-Year-Old Market Signal With 95% Accuracy Just FlashedThis signal has flashed just 24 times in the past 73 years – and it has signaled the exact moment to move your money with 95% accuracy. Now, it's flashing again. Discover where here.September 20, 2023 | finance.yahoo.com3 Top-Ranked Stocks Cruising to 52-Week HighsSeptember 19, 2023 | finance.yahoo.comCabot (CBT) Boosts Circularity & Traceability With ISCC PLUSSeptember 19, 2023 | americanbankingnews.comCarpenter Technology Co. (NYSE:CRS) Given Average Rating of "Buy" by AnalystsSeptember 18, 2023 | finance.yahoo.comCF Industries (CF) and POSCO to Build Low-Carbon Ammonia PlantSeptember 18, 2023 | americanbankingnews.comInsider Selling: Carpenter Technology Co. (NYSE:CRS) VP Sells $97,500.00 in StockSeptember 25, 2023 | Stansberry Research (Ad)A 73-Year-Old Market Signal With 95% Accuracy Just FlashedThis signal has flashed just 24 times in the past 73 years – and it has signaled the exact moment to move your money with 95% accuracy. Now, it's flashing again. Discover where here.September 15, 2023 | finance.yahoo.comInsider Sell: VP Chief Commercial Officer Marshall Akins Sells 1,500 Shares of Carpenter ...September 15, 2023 | americanbankingnews.comBenchmark Boosts Carpenter Technology (NYSE:CRS) Price Target to $100.00September 14, 2023 | nasdaq.comStrength Seen in Carpenter (CRS): Can Its 6.5% Jump Turn into More Strength?September 14, 2023 | finance.yahoo.comElement Solutions (ESI) Unit to Open New Lab for Auto IndustrySeptember 13, 2023 | markets.businessinsider.comThe Latest Analyst Ratings for Carpenter TechSeptember 13, 2023 | markets.businessinsider.comCRS's Future Looks Bright: Analyst Forecasts Steady Earnings Growth And Margin Improvements For FY27September 13, 2023 | finance.yahoo.comStock Market Not Too Rattled By Inflation Data; Trucking Stock Gets A BounceSeptember 12, 2023 | finance.yahoo.comWestlake (WLK) Rebrands Palight Trimboard to Skytrim PVC LineSeptember 11, 2023 | finance.yahoo.comDOW to Launch Silicone Coatings, Adhesives at Labelexpo EuropeSeptember 8, 2023 | finance.yahoo.comFortuna Silver (FSM) Finishes Plant Performance Test at SeguelaSeptember 6, 2023 | finance.yahoo.comShin-Etsu (SHECY) QST Substrates to Power Future GaN DevicesSeptember 5, 2023 | msn.comCarpenter Technology: Good Near-Term As Well As Long-Term Prospects At An Attractive ValuationSeptember 1, 2023 | finance.yahoo.comWhy Carpenter Technology (CRS) is a Top Momentum Stock for the Long-TermSeptember 1, 2023 | finance.yahoo.comIs Carpenter Technology (CRS) Stock Outpacing Its Basic Materials Peers This Year?September 1, 2023 | finance.yahoo.comAllegheny Technologies (ATI) Up 2.7% Since Last Earnings Report: Can It Continue?September 1, 2023 | finance.yahoo.comAre You Looking for a Top Momentum Pick? Why Carpenter Technology (CRS) is a Great ChoiceSeptember 1, 2023 | finance.yahoo.comAir Products (APD) to Feature Clean Hydrogen & Energy SolutionsSeptember 1, 2023 | finance.yahoo.comPPG Offers LINQ Color Software & MAGICBOX Body Shop AssistantSee 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 CRS Company Calendar Last Earnings7/27/2023Ex-Dividend for 9/7 Dividend8/21/2023Dividend Payable9/07/2023Today9/24/2023Next Earnings (Estimated)10/26/2023Fiscal 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 Forecast$74.75 High Stock Price Forecast$100.00 Low Stock Price Forecast$54.00 Forecasted Upside/Downside+8.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$1.15 Trailing P/E Ratio60.01 Forward P/E Ratio19.83 P/E GrowthN/ANet Income$56.40 million Net Margins2.21% Pretax Margin2.84% Return on Equity4.21% Return on Assets1.85% Debt Debt-to-Equity Ratio0.50 Current Ratio2.79 Quick Ratio1.40 Sales & Book Value Annual Sales$2.55 billion Price / Sales1.32 Cash Flow$3.86 per share Price / Cash Flow17.88 Book Value$28.76 per share Price / Book2.40Miscellaneous Outstanding Shares48,850,000Free Float47,138,000Market Cap$3.37 billion OptionableOptionable Beta1.78 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. Tony R. Thene (Age 63)Pres, CEO & Director Comp: $2.65MMr. Timothy Lain (Age 51)Sr. VP & CFO Comp: $1.1MMr. James D. Dee (Age 65)Sr. VP, Gen. Counsel, Sec., Chief Governance Officer & Chief Compliance Officer Comp: $876.76kMr. Brian J. Malloy (Age 56)Sr. VP & Group Pres of Specialty Alloys Operations Segment Comp: $1.02MMr. David Graf (Age 52)VP & Group Pres of Performance Engineered Products Segment Comp: $817.17kMs. Elizabeth A. SocciVP, Controller & Chief Accounting OfficerDr. Suniti MoudgilChief Technology OfficerMs. Rachelle H. ThompsonVP & Chief HR OfficerMr. Joseph E. Haniford (Age 64)Sr. VP of Continuous Improvement Mr. Shakthimani LogasundaramChief Digital OfficerMore ExecutivesKey CompetitorsCommercial MetalsNYSE:CMCUnited States SteelNYSE:XTimkenSteelNYSE:TMSTTerniumNYSE:TXAvientNYSE:AVNTView All CompetitorsInsiders & InstitutionsSteven E KarolSold 1,227 sharesTotal: $84,663.00 ($69.00/share)Marshall D AkinsSold 1,500 sharesTotal: $97,500.00 ($65.00/share)Comerica BankBought 116,611 shares on 8/22/2023Ownership: 0.239%California State Teachers Retirement SystemSold 1,617 shares on 8/21/2023Ownership: 0.120%Teachers Retirement System of The State of KentuckyBought 847 shares on 8/21/2023Ownership: 0.031%View All Insider TransactionsView All Institutional Transactions CRS Stock - Frequently Asked Questions Should I buy or sell Carpenter Technology stock right now? 4 Wall Street equities 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 equities 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? 4 Wall Street research analysts have issued 12 month price objectives for Carpenter Technology's shares. Their CRS share price forecasts range from $54.00 to $100.00. On average, they anticipate the company's stock price to reach $74.75 in the next year. This suggests a possible upside of 8.3% 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 at the start of the year. Since then, CRS stock has increased by 86.8% and is now trading at $69.01. View the best growth stocks for 2023 here. Are investors shorting Carpenter Technology? Carpenter Technology saw a decrease in short interest in August. As of August 31st, there was short interest totaling 1,190,000 shares, a decrease of 9.2% from the August 15th total of 1,310,000 shares. Based on an average daily volume of 362,800 shares, the days-to-cover ratio is presently 3.3 days. Approximately 2.5% of the shares of the company 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, October 26th 2023. View our CRS earnings forecast. How were Carpenter Technology's earnings last quarter? Carpenter Technology Co. (NYSE:CRS) announced its quarterly earnings results on Thursday, July, 27th. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.11. The basic materials company earned $758.10 million during the quarter, compared to analyst estimates of $743.07 million. Carpenter Technology had a trailing twelve-month return on equity of 4.21% and a net margin of 2.21%. The firm's revenue was up 34.5% compared to the same quarter last year. How often does Carpenter Technology pay dividends? What is the dividend yield for Carpenter Technology? Carpenter Technology announced 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 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Monday, August 21st. 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). 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 1.16%. 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. 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 many different institutional and retail investors. Top institutional investors 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. 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 $69.01. How much money does Carpenter Technology make? Carpenter Technology (NYSE:CRS) has a market capitalization of $3.37 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. How many employees does Carpenter Technology have? The company employs 4,500 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 9/25/2023 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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