NYSE:CRS - Carpenter Technology Stock Price, Forecast & News

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

Carpenter Technology announced a quarterly dividend on Thursday, January 23rd. Stockholders of record on Monday, February 3rd will be given a dividend of $0.20 per share on Thursday, March 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from Carpenter Technology's previous quarterly dividend of $0.18. View Carpenter Technology's Dividend History.

Carpenter Technology Co. (NYSE:CRS) released its quarterly earnings data on Thursday, January, 30th. The basic materials company reported $0.83 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.87 by $0.04. The basic materials company earned $573 million during the quarter, compared to the consensus estimate of $575.83 million. Carpenter Technology had a return on equity of 10.89% and a net margin of 7.47%. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 EPS. View Carpenter Technology's Earnings History.

Carpenter Technology is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for Carpenter Technology.

2 equities research analysts have issued twelve-month price objectives for Carpenter Technology's stock. Their forecasts range from $59.00 to $59.00. On average, they expect Carpenter Technology's stock price to reach $59.00 in the next twelve months. This suggests a possible upside of 37.3% from the stock's current price. View Analyst Price Targets for Carpenter Technology.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Carpenter Technology.

Headlines about CRS stock have trended extremely negative this week, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Carpenter Technology earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned press coverage about the basic materials company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Carpenter Technology.

Carpenter Technology saw a drop in short interest in the month of January. As of January 31st, there was short interest totalling 1,150,000 shares, a drop of 10.9% from the January 15th total of 1,290,000 shares. Based on an average daily trading volume, of 258,000 shares, the days-to-cover ratio is currently 4.5 days. Currently, 2.5% of the shares of the company are short sold. View Carpenter Technology's Current Options Chain.

Some companies that are related to Carpenter Technology include Nucor (NUE), Reliance Steel & Aluminum (RS), Steel Dynamics (STLD), Allegheny Technologies (ATI), Commercial Metals (CMC), Worthington Industries (WOR), Cleveland-Cliffs (CLF), United States Steel (X), AK Steel (AKS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Carpenter Technology investors own include WPX Energy (WPX), Inovio Pharmaceuticals (INO), ConocoPhillips (COP), Biogen (BIIB), Micron Technology (MU), AbbVie (ABBV), Ford Motor (F), General Electric (GE), AT&T (T) and Adobe (ADBE).

Carpenter Technology's stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (4.16%), Alliancebernstein L.P. (4.16%), Bank of New York Mellon Corp (2.16%), Goldman Sachs Group Inc. (2.06%), Victory Capital Management Inc. (1.75%) and Franklin Resources Inc. (1.41%). Company insiders that own Carpenter Technology stock include Damon J Audia, Gregory A Pratt, I Martin Inglis, James D Dee, Jeffrey Wadsworth, Steven E Karol, Timothy Lain and Tony R Thene. View Institutional Ownership Trends for Carpenter Technology.

CRS stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Franklin Resources Inc., Victory Capital Management Inc., Bank of New York Mellon Corp, Man Group plc, William Blair Investment Management LLC, Barrow Hanley Mewhinney & Strauss LLC and Royce & Associates LP. Company insiders that have sold Carpenter Technology company stock in the last year include Gregory A Pratt and Steven E Karol. View Insider Buying and Selling for Carpenter Technology.

CRS stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, State Street Corp, Alliancebernstein L.P., California Public Employees Retirement System, Russell Investments Group Ltd., Victory Capital Management Inc., AQR Capital Management LLC and New York State Teachers Retirement System. View Insider Buying and Selling for 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.

One share of CRS stock can currently be purchased for approximately $42.98.

Carpenter Technology has a market capitalization of $2.05 billion and generates $2.38 billion in revenue each year. The basic materials company earns $167 million in net income (profit) each year or $3.46 on an earnings per share basis. Carpenter Technology employs 5,100 workers across the globe.View Additional Information About Carpenter Technology.

The official website for Carpenter Technology is http://www.cartech.com/.

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]