Carpenter Technology Stock Forecast, Price & News

+1.16 (+2.80 %)
(As of 05/11/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume321,214 shs
Average Volume395,460 shs
Market Capitalization$2.04 billion
P/E RatioN/A
Dividend Yield1.93%
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About Carpenter Technology

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. 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 drilling tools, and metal powders and parts. It serves aerospace, defense, medical, transportation, energy, industrial, and consumer markets. The company was founded in 1889 and is headquartered in Philadelphia, Pennsylvania.


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Industry, Sector and Symbol

Industry Blast furnaces & steel mills
Year FoundedN/A

Sales & Book Value

Annual Sales$2.18 billion
Cash Flow$6.62 per share
Book Value$30.24 per share


Net Income$1.50 million




Market Cap$2.04 billion
Next Earnings Date7/29/2021 (Estimated)


Overall MarketRank

1.49 out of 5 stars

Basic Materials Sector

161st out of 863 stocks

Blast Furnaces & Steel Mills Industry

7th out of 24 stocks

Analyst Opinion: 1.0Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Carpenter Technology (NYSE:CRS) Frequently Asked Questions

Is Carpenter Technology a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Carpenter Technology stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CRS, but not buy additional shares or sell existing shares.
View analyst ratings for Carpenter Technology
or view top-rated stocks.

What stocks does MarketBeat like better than Carpenter Technology?

Wall Street analysts have given Carpenter Technology a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Carpenter Technology wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Carpenter Technology?

Carpenter Technology saw a decline in short interest in March. As of March 31st, there was short interest totaling 1,670,000 shares, a decline of 18.1% from the March 15th total of 2,040,000 shares. Based on an average daily trading volume, of 427,100 shares, the days-to-cover ratio is currently 3.9 days. Approximately 3.6% of the shares of the stock are short sold.
View Carpenter Technology's Short Interest

When is Carpenter Technology's next earnings date?

Carpenter Technology is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for Carpenter Technology

How were Carpenter Technology's earnings last quarter?

Carpenter Technology Co. (NYSE:CRS) announced its quarterly earnings results on Thursday, April, 29th. The basic materials company reported ($0.54) earnings per share for the quarter, topping analysts' consensus estimates of ($0.57) by $0.03. The basic materials company had revenue of $351.90 million for the quarter, compared to analyst estimates of $368.53 million. Carpenter Technology had a positive trailing twelve-month return on equity of 2.48% and a negative net margin of 4.45%. The firm's revenue for the quarter was down 39.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 earnings per share.
View Carpenter Technology's earnings history

How has Carpenter Technology's stock been impacted by COVID-19 (Coronavirus)?

Carpenter Technology's stock was trading at $27.28 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CRS shares have increased by 56.0% and is now trading at $42.56.
View which stocks have been most impacted by COVID-19

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

Carpenter Technology declared a quarterly dividend on Friday, April 23rd. Investors of record on Tuesday, May 4th will be given a dividend of $0.20 per share on Thursday, June 3rd. This represents a $0.80 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Monday, May 3rd. This is an increase from Carpenter Technology's previous quarterly dividend of $0.18.
View Carpenter Technology's dividend history

Is Carpenter Technology a good dividend stock?

Carpenter Technology pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.93%. Carpenter Technology does not yet have a strock track record of dividend growth. The dividend payout ratio of Carpenter Technology is 36.20%. This payout ratio is at a healthy, sustainable level, below 75%.
View Carpenter Technology's dividend history.

What price target have analysts set for CRS?

1 Wall Street analysts have issued 12-month target prices for Carpenter Technology's stock. Their forecasts range from $30.00 to $30.00. On average, they expect Carpenter Technology's stock price to reach $30.00 in the next year. This suggests that the stock has a possible downside of 29.5%.
View analysts' price targets for Carpenter Technology
or view top-rated stocks among Wall Street analysts.

Who are Carpenter Technology's key executives?

Carpenter Technology's management team includes the following people:
  • Mr. Tony R. Thene, Pres, CEO & Director (Age 61, Pay $1.23M)
  • Mr. Timothy Lain, Sr. VP & CFO (Age 49, Pay $525.13k)
  • Mr. James D. Dee, Sr. VP, Gen. Counsel, Sec., Chief Governance Officer & Chief Compliance Officer (Age 63, Pay $532.63k)
  • Mr. Brian J. Malloy, Chief Commercial Officer & Sr. VP
  • Mr. Joseph E. Haniford, Sr. VP of Operations (Age 62)
  • Ms. Elizabeth A. Socci, VP, Controller & Chief Accounting Officer
  • Mr. David Graf, VP & CTO
  • Mr. James A. Johnson II, Chief Information Officer & VP
  • Ms. Rachelle H. Thompson, VP & Chief HR Officer
  • Mr. Thomas F. Cramsey, VP of Fin. - Global Operations & SAO Group CFO (Age 60)

What is Tony Thene's approval rating as Carpenter Technology's CEO?

87 employees have rated Carpenter Technology CEO Tony Thene on Glassdoor.com. Tony Thene has an approval rating of 35% among Carpenter Technology's employees. This puts Tony Thene in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Carpenter Technology's key competitors?

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 shareholders include BlackRock Inc. (16.19%), Alliancebernstein L.P. (7.11%), Victory Capital Management Inc. (1.25%), Fisher Asset Management LLC (1.11%), Royce & Associates LP (1.02%) and Principal Financial Group Inc. (0.87%). Company insiders that own Carpenter Technology stock include Brian J Malloy, Gregory A Pratt, James D Dee, Kathleen Ligocki, Robert R Mcmaster, Steven E Karol, Timothy Lain and Tony R Thene.
View institutional ownership trends for Carpenter Technology

Which institutional investors are selling Carpenter Technology stock?

CRS stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Assenagon Asset Management S.A., State of New Jersey Common Pension Fund D, New York State Common Retirement Fund, Russell Investments Group Ltd., New York State Teachers Retirement System, Envestnet Asset Management Inc., and The PNC Financial Services Group Inc..
View insider buying and selling activity for Carpenter Technology
or view top insider-selling stocks.

Which institutional investors are buying Carpenter Technology stock?

CRS stock was purchased by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Royce & Associates LP, Peregrine Capital Management LLC, BlackRock Inc., Great Lakes Advisors LLC, Fisher Asset Management LLC, Blueshift Asset Management LLC, and Harvest Investment Services LLC. Company insiders that have bought Carpenter Technology stock in the last two years include Brian J Malloy, James D Dee, Kathleen Ligocki, Robert R Mcmaster, Timothy Lain, and Tony R Thene.
View insider buying and selling activity for Carpenter Technology
or or view top insider-buying stocks.

How do I buy shares of Carpenter Technology?

Shares of CRS 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 $42.56.

How much money does Carpenter Technology make?

Carpenter Technology has a market capitalization of $2.04 billion and generates $2.18 billion in revenue each year. The basic materials company earns $1.50 million in net income (profit) each year or $2.21 on an earnings per share basis.

How many employees does Carpenter Technology have?

Carpenter Technology employs 4,600 workers across the globe.

What is Carpenter Technology's official website?

The official website for Carpenter Technology is www.carpentertechnology.com.

Where are Carpenter Technology's headquarters?

Carpenter Technology is headquartered at 1735 MARKET STREET 15TH FL, PHILADELPHIA PA, 19103.

How can I contact Carpenter Technology?

Carpenter Technology's mailing address is 1735 MARKET STREET 15TH FL, PHILADELPHIA PA, 19103. The basic materials company can be reached via phone at 610-208-2000 or via email at [email protected]

This page was last updated on 5/11/2021 by MarketBeat.com Staff
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