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The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
66,000% upside on tiny biotech? (Ad)
Stock market today: World shares are mixed, Chinese markets surge, after latest retreat on Wall St
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The single greatest medical breakthrough of all time? (Ad)
5 Sizzling Tech Companies on the Brink of Bullish Reversals
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
The single greatest medical breakthrough of all time? (Ad)
Turkey’s central bank hikes interest rates again in further shift in economic policies
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
66,000% upside on tiny biotech? (Ad)
Stock market today: World shares are mixed, Chinese markets surge, after latest retreat on Wall St
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The single greatest medical breakthrough of all time? (Ad)
5 Sizzling Tech Companies on the Brink of Bullish Reversals
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
The single greatest medical breakthrough of all time? (Ad)
Turkey’s central bank hikes interest rates again in further shift in economic policies
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
66,000% upside on tiny biotech? (Ad)
Stock market today: World shares are mixed, Chinese markets surge, after latest retreat on Wall St
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The single greatest medical breakthrough of all time? (Ad)
5 Sizzling Tech Companies on the Brink of Bullish Reversals
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
The single greatest medical breakthrough of all time? (Ad)
Turkey’s central bank hikes interest rates again in further shift in economic policies
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
NYSE:CRS

Carpenter Technology (CRS) Stock Forecast, Price & News

$68.79
+0.33 (+0.48%)
(As of 09/21/2023 ET)
Compare
Today's Range
$66.80
$69.43
50-Day Range
$55.91
$69.33
52-Week Range
$31.02
$71.19
Volume
454,216 shs
Average Volume
410,131 shs
Market Capitalization
$3.36 billion
P/E Ratio
59.82
Dividend Yield
1.16%
Price Target
$74.75

Carpenter Technology MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
8.7% Upside
$74.75 Price Target
Short Interest
Healthy
2.50% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.23
Upright™ Environmental Score
News Sentiment
0.66mentions of Carpenter Technology in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$850,313 Sold Last Quarter
Proj. Earnings Growth
-11.21%
From $3.48 to $3.09 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.01 out of 5 stars

Basic Materials Sector

109th out of 165 stocks

Blast Furnaces & Steel Mills Industry

8th out of 12 stocks


CRS stock logo

About Carpenter Technology (NYSE:CRS) Stock

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.

CRS Price History

CRS Stock News Headlines

PPG Unveils Sustainability CO2NCEPT System, Helps Body Shops
3 Top-Ranked Stocks Cruising to 52-Week Highs
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Cabot (CBT) Boosts Circularity & Traceability With ISCC PLUS
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
The Latest Analyst Ratings for Carpenter Tech
See More Headlines
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CRS Company Calendar

Last Earnings
7/27/2023
Ex-Dividend for 9/7 Dividend
8/21/2023
Dividend Payable
9/07/2023
Today
9/21/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
14428510
Employees
4,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$74.75
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$54.00
Forecasted Upside/Downside
+8.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$56.40 million
Pretax Margin
2.84%

Debt

Sales & Book Value

Annual Sales
$2.55 billion
Cash Flow
$3.90 per share
Book Value
$28.76 per share

Miscellaneous

Free Float
47,138,000
Market Cap
$3.36 billion
Optionable
Optionable
Beta
1.78
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Key Executives

  • Mr. Tony R. Thene (Age 63)
    Pres, CEO & Director
    Comp: $1.53M
  • Mr. Timothy Lain (Age 51)
    Sr. VP & CFO
    Comp: $724.69k
  • Mr. James D. Dee (Age 65)
    Sr. VP, Gen. Counsel, Sec., Chief Governance Officer & Chief Compliance Officer
    Comp: $628.17k
  • Mr. Brian J. Malloy
    Sr. VP & Group Pres of Specialty Alloys Operations Segment
  • Mr. David Graf (Age 52)
    VP & Group Pres of Performance Engineered Products Segment
    Comp: $618.78k
  • Ms. Elizabeth A. Socci
    VP, Controller & Chief Accounting Officer
  • Dr. Suniti Moudgil
    Chief Technology Officer
  • Ms. Rachelle H. Thompson
    VP & Chief HR Officer
  • Mr. Joseph E. Haniford (Age 64)
    Sr. VP of Continuous Improvement
  • Mr. Shakthimani Logasundaram
    Chief Digital Officer













CRS Stock - Frequently Asked Questions

Should I buy or sell Carpenter Technology stock right now?

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.

What is Carpenter Technology's stock price forecast for 2023?

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.

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 shares have increased by 86.2% and is now trading at $68.79.
View the best growth stocks for 2023 here
.

Are investors shorting Carpenter Technology?

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
.

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 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.

How often does Carpenter Technology pay dividends? What is the dividend yield for Carpenter Technology?

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
.

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 1.18%. 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.

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 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
.

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 $68.79.

How much money does Carpenter Technology make?

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.

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 9/22/2023 by MarketBeat.com Staff

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