NYSE:CRS Carpenter Technology Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Carpenter Technology Co. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $19.67 -0.01 (-0.05 %) (As of 09/18/2020 03:21 PM ET) Add Compare Share Today's Range$19.48Now: $19.67▼$20.1650-Day Range$19.15MA: $21.76▼$24.4652-Week Range$13.60Now: $19.67▼$56.07Volume16,590 shsAverage Volume550,300 shsMarket Capitalization$943.12 millionP/E RatioN/ADividend Yield3.94%Beta2.14 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. The company operates through two segments, Specialty Alloys Operations and Performance Engineered Products. It 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. The company serves the aerospace, defense, transportation, energy, medical, industrial, and consumer markets. Carpenter Technology Corporation was founded in 1889 and is headquartered in Philadelphia, Pennsylvania.Read More Beat the Market (BTM) Rank™ 3.0 Analyst's Opinion Consensus RatingCarpenter Technology has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $28.50, Carpenter Technology has a forecasted upside of 45.2% from its current price of $19.63.Amount of Analyst CoverageCarpenter Technology has only been the subject of 1 research reports in the past 90 days. Previous Next 2.5 Community Rank Outperform VotesCarpenter Technology has received 298 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCarpenter Technology has received 294 “underperform” votes. (Add your “underperform” vote.)Community SentimentCarpenter Technology has received 50.34% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Carpenter Technology and other stocks. Vote “Outperform” if you believe CRS will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CRS will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 2.5 Dividend Strength Dividend YieldCarpenter Technology pays a meaningful dividend of 3.94%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCarpenter Technology has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Carpenter Technology is 36.20%. 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 47.06% next year. This indicates that Carpenter Technology will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Carpenter Technology insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.90% of the stock of Carpenter Technology is held by insiders.Percentage Held by Institutions86.55% 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 grow in the coming year, from ($1.25) to $1.70 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Carpenter Technology is -1,963,000.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Carpenter Technology is -1,963,000.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioCarpenter Technology has a P/B Ratio of 0.65. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.0Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.05 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Blast furnaces & steel mills Sub-IndustrySteel SectorBasic Materials Current SymbolNYSE:CRS Previous Symbol CUSIP14428510 CIK17843 Webwww.carpentertechnology.com Phone610-208-2000Debt Debt-to-Equity Ratio0.38 Current Ratio2.80 Quick Ratio1.20Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$2.18 billion Price / Sales0.43 Cash Flow$5.42 per share Price / Cash Flow3.63 Book Value$30.24 per share Price / Book0.65Profitability EPS (Most Recent Fiscal Year)$2.21 Net Income$1.50 million Net Margins0.07% Return on Equity6.84% Return on Assets3.19%Miscellaneous Employees4,600 Outstanding Shares47,947,000Market Cap$943.12 million Next Earnings Date10/22/2020 (Estimated) OptionableOptionable $19.67 -0.01 (-0.05 %) (As of 09/18/2020 03:21 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive CRS News and Ratings via Email Sign-up to receive the latest news and ratings for CRS and its competitors with MarketBeat's FREE daily newsletter. Carpenter Technology (NYSE:CRS) Frequently Asked Questions How has Carpenter Technology's stock been impacted by Coronavirus (COVID-19)? Carpenter Technology's stock was trading at $27.28 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CRS shares have decreased by 28.2% and is now trading at $19.60. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Carpenter Technology? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last year. There are currently 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Carpenter Technology. When is Carpenter Technology's next earnings date? Carpenter Technology is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020. View our earnings forecast for Carpenter Technology. How were Carpenter Technology's earnings last quarter? Carpenter Technology Co. (NYSE:CRS) released its quarterly earnings data on Thursday, July, 30th. The basic materials company reported ($0.31) earnings per share for the quarter, topping analysts' consensus estimates of ($0.35) by $0.04. The basic materials company had revenue of $437.30 million for the quarter, compared to the consensus estimate of $453.23 million. Carpenter Technology had a net margin of 0.07% and a return on equity of 6.84%. The firm's quarterly revenue was down 31.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 EPS. View Carpenter Technology's earnings history. How often does Carpenter Technology pay dividends? What is the dividend yield for Carpenter Technology? Carpenter Technology declared a quarterly dividend on Wednesday, August 12th. Investors of record on Tuesday, August 25th will be given a dividend of $0.20 per share on Thursday, September 3rd. This represents a $0.80 annualized dividend and a yield of 4.08%. The ex-dividend date is Monday, August 24th. View Carpenter Technology's dividend history. What price target have analysts set for CRS? 4 Wall Street analysts have issued 1-year price objectives for Carpenter Technology's stock. Their forecasts range from $27.00 to $30.00. On average, they expect Carpenter Technology's stock price to reach $28.50 in the next year. This suggests a possible upside of 45.4% from the stock's current price. View analysts' price targets for Carpenter Technology. Are investors shorting Carpenter Technology? Carpenter Technology saw a increase in short interest in August. As of August 14th, there was short interest totaling 1,160,000 shares, an increase of 11.5% from the July 30th total of 1,040,000 shares. Based on an average trading volume of 688,900 shares, the days-to-cover ratio is presently 1.7 days. Approximately 2.5% of the shares of the company are short sold. View Carpenter Technology's Short Interest. Who are some of Carpenter Technology's key competitors? Some companies that are related to Carpenter Technology include Nucor (NUE), Reliance Steel & Aluminum (RS), Steel Dynamics (STLD), Cleveland-Cliffs (CLF), Commercial Metals (CMC), Worthington Industries (WOR), United States Steel (X), Allegheny Technologies (ATI), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP). View all 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), Pfizer (PFE), AT&T (T), Intel (INTC), Broadcom (AVGO), Inovio Pharmaceuticals (INO), Micron Technology (MU), Cisco Systems (CSCO), AbbVie (ABBV) and ConocoPhillips (COP). Who are Carpenter Technology's key executives? Carpenter Technology's management team includes the following people: Mr. Tony R. Thene, Pres, CEO & Director (Age 58)Mr. James D. Dee, VP, Gen. Counsel, Sec. & Chief Governance Officer (Age 61)Mr. Joseph E. Haniford, VP of Bus. Mgmt. Office, Employee Health & Safety and Global Advanced Engg. (Age 60)Mr. Timothy Lain, VP & CFO (Age 47)Ms. Elizabeth A. Socci, VP, Controller & Chief Accounting Officer 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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.69%), Bank of New York Mellon Corp (2.38%), Frontier Capital Management Co. LLC (1.87%), Charles Schwab Investment Management Inc. (1.14%), FMR LLC (1.07%) and Bank of America Corp DE (0.94%). 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 major investors are selling Carpenter Technology stock? CRS stock was sold by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Granite Investment Partners LLC, Goldman Sachs Group Inc., Engineers Gate Manager LP, Federated Hermes Inc., FMR LLC, Icon Advisers Inc. Co., and Cubist Systematic Strategies LLC. View insider buying and selling activity for Carpenter Technology. Which major investors are buying Carpenter Technology stock? CRS stock was acquired by a variety of institutional investors in the last quarter, including Bridgeway Capital Management Inc., Marshall Wace LLP, AQR Capital Management LLC, Marshall Wace North America L.P., Fisher Asset Management LLC, RMB Capital Management LLC, Raymond James & Associates, and William Blair Investment Management 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. 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is Carpenter Technology's stock price today? One share of CRS stock can currently be purchased for approximately $19.60. How big of a company is Carpenter Technology? Carpenter Technology has a market capitalization of $939.76 million 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. 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. 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 9/18/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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