NYSE:CRSCarpenter Technology Stock Price, Forecast & News

Carpenter Technology's stock was trading at $27.28 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CRS shares have decreased by 14.3% and is now trading at $23.37. View which stocks have been most impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Carpenter Technology.

Carpenter Technology is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Carpenter Technology.

Carpenter Technology Co. (NYSE:CRS) released its quarterly earnings data on Thursday, April, 30th. The basic materials company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. The basic materials company had revenue of $585.40 million for the quarter, compared to the consensus estimate of $573 million. Carpenter Technology had a return on equity of 10.80% and a net margin of 7.08%. The business's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.87 earnings per share. View Carpenter Technology's earnings history.

Carpenter Technology announced a quarterly dividend on Thursday, April 23rd. Investors of record on Tuesday, May 5th will be paid a dividend of $0.20 per share on Thursday, June 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Monday, May 4th. View Carpenter Technology's dividend history.

4 Wall Street analysts have issued 1 year price objectives for Carpenter Technology's shares. Their forecasts range from $27.00 to $59.00. On average, they expect Carpenter Technology's stock price to reach $38.67 in the next twelve months. This suggests a possible upside of 65.5% from the stock's current price. View analysts' price targets for Carpenter Technology.

Media stories about CRS stock have been trending extremely negative recently, InfoTrie reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Carpenter Technology earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned media stories about the basic materials company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutCarpenter Technology.

Carpenter Technology saw a drop in short interest during the month of April. As of April 15th, there was short interest totaling 1,230,000 shares, a drop of 7.5% from the March 31st total of 1,330,000 shares. Based on an average daily volume of 500,500 shares, the days-to-cover ratio is presently 2.5 days. Approximately 2.6% of the shares of the company are sold short. 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), Cleveland-Cliffs (CLF), Commercial Metals (CMC), Worthington Industries (WOR), United States Steel (X), Allegheny Technologies (ATI), AK Steel (AKS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP). View all competitors.

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

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

Carpenter Technology's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.65%), Wellington Management Group LLP (9.53%), Alliancebernstein L.P. (4.95%), State Street Corp (4.09%), Frontier Capital Management Co. LLC (2.59%) and Bank of New York Mellon Corp (2.37%). 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.

CRS stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Franklin Resources Inc., Frontier Capital Management Co. LLC, Nuveen Asset Management LLC, Grantham Mayo Van Otterloo & Co. LLC, BlackRock Inc., Fisher Asset Management LLC, and Principal Financial Group Inc.. 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 activity for Carpenter Technology.

CRS stock was purchased by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Victory Capital Management Inc., Victory Capital Management Inc., Raymond James & Associates, Morgan Stanley, Morgan Stanley, Bank of New York Mellon Corp, and WASHINGTON TRUST Co. 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.

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 $23.37.

Carpenter Technology has a market capitalization of $1.12 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.

The official website for Carpenter Technology is 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]