Carpenter Technology Corporation Company Profile (NYSE:CRS)

Carpenter Technology Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRS."

Carpenter Technology Corporation announced a quarterly dividend on Wednesday, August 9th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.18 per share on Thursday, September 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, August 18th. View Carpenter Technology Corporation's Dividend History.

Carpenter Technology Corporation (NYSE:CRS) released its quarterly earnings data on Thursday, July, 27th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.08. The company had revenue of $507.70 million for the quarter, compared to analysts' expectations of $502.40 million. Carpenter Technology Corporation had a net margin of 2.61% and a return on equity of 4.48%. The company's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the business earned $0.35 earnings per share. View Carpenter Technology Corporation's Earnings History.

Carpenter Technology Corporation is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Carpenter Technology Corporation.

5 analysts have issued 1-year target prices for Carpenter Technology Corporation's shares. Their predictions range from $35.00 to $50.00. On average, they expect Carpenter Technology Corporation's share price to reach $43.40 in the next year. View Analyst Ratings for Carpenter Technology Corporation.

Here are some recent quotes from research analysts about Carpenter Technology Corporation stock:

• 1. According to Zacks Investment Research, "Carpenter Technology Corporation is a leading manufacturer and distributor of specialty alloys, including stainless steel and titanium, and various engineered products made from metallic and ceramic materials. These products have been used in planes, cars and trucks, electronic equipment, medical devices and instruments, industrial fittings, sporting goods, and oil and gas exploration and processing. Carpenter engineered materials have been used in hundreds of applications from industrial tools to jet engines to fuel injectors and medical implants. Its engineered materials are known for their dependability, strength, toughness, corrosion resistance, and the ability to stay intact in high temperatures. " (8/3/2017)
• 2. Cowen and Company analysts commented, "FQ3’s EPS were above Street, margin was robust, especially at SAO, and important." (4/27/2017)
• 3. Seaport Global Securities analysts commented, "We are upgrading Carpenter Technology to Buy from Neutral as we believe the recent pullback presents an attractive buying opportunity. CRS has retreated 13% since the beginning of March. The decline has been in concert with the broader retreat of commodity assets. As a premier supplier of the nickel super alloys and titanium wire used in the construction of aircraft (~50% of sales in aerospace verticals) we believe this correlation has been overdone. Further, FQ2 marked a turning point, with aerospace sales up 15% sequentially as demand pull on next-generation aircraft gains strength. Energy verticals (IGT / Oil & Gas drilling) are also in a period of transition with US land rig count activity increasing. However, CRS's largest strategic asset, the $500MM Athen's facility, is still running utilization under 50%. The facility was completed in 2014, increasing premium melt +50% with significant automation/margin accretion. However, as three-year aerospace qualifications were achieved, oil & gas markets were to fill utilization. Given rig counts declined precipitously in that period, Athen's has been underutilized. Looking ahead, aerospace qualifications are close to completion, and US rig activity has picked up. Therefore, CRS's major strategic investment in Athens will finally become a meaningful contributor over the next 12 months." (3/16/2017)

Some companies that are related to Carpenter Technology Corporation include National Steel Company (SID), Cliffs Natural Resources (CLF), Commercial Metals Company (CMC), Grupo Simec SAB de CV (SIM), Mechel PAO (MTL), Gibraltar Industries (ROCK), SunCoke Energy Partners, L.P. (SXCP), SunCoke Energy (SXC), Dynamic Materials Corp. (BOOM), L.B. Foster Company (FSTR), Olympic Steel (ZEUS), Northwest Pipe Company (NWPX), Synalloy Corporation (SYNL) and Bushveld Minerals Limited (BMN).

Carpenter Technology Corporation's management team includes the folowing people:

• Gregory A. Pratt, Chairman of the Board
• Tony R. Thene, President, Chief Executive Officer, Director
• Damon J. Audia, Chief Financial Officer, Senior Vice President
• Joseph E. Haniford, Chief Operating Officer
• David L. Strobel, Senior Vice President, Chief Technology Officer
• Carl G. Anderson Jr., Independent Director
• Philip M. Anderson Ph.D., Independent Director
• I Martin Inglis, Independent Director
• Steven E. Karol, Independent Director
• Robert R. McMaster, Independent Director

Carpenter Technology Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.33%), Dimensional Fund Advisors LP (8.33%), Vanguard Group Inc. (8.33%), FMR LLC (7.77%), EdgePoint Investment Group Inc. (7.21%) and State Street Corp (4.20%). Company insiders that own Carpenter Technology Corporation stock include Greg Campbell, Gregory A Pratt, Jatinder Singh Bal, Kathryn C Turner and Steven E Karol. View Institutional Ownership Trends for Carpenter Technology Corporation.

Carpenter Technology Corporation's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, BlackRock Inc., Victory Capital Management Inc., Canada Pension Plan Investment Board, State Street Corp, Wells Fargo & Company MN, King Luther Capital Management Corp and Parametric Portfolio Associates LLC. Company insiders that have sold Carpenter Technology Corporation stock in the last year include Gregory A Pratt, Jatinder Singh Bal, Kathryn C Turner and Steven E Karol. View Insider Buying and Selling for Carpenter Technology Corporation.

Carpenter Technology Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Royce & Associates LP, Ameriprise Financial Inc., New Amsterdam Partners LLC NY, JPMorgan Chase & Co., Voya Investment Management LLC, TIAA CREF Investment Management LLC and Tributary Capital Management LLC. Company insiders that have bought Carpenter Technology Corporation stock in the last two years include Greg Campbell and Jatinder Singh Bal. View Insider Buying and Selling for Carpenter Technology Corporation.

Shares of Carpenter Technology Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Carpenter Technology Corporation stock can currently be purchased for approximately $37.69.