Carpenter Technology Stock Price, News & Analysis (NYSE:CRS)

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.

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
View our CRS earnings forecast.

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.

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.

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.

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).

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'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.

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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