Carpenter Technology Stock Forecast, Price & News

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.

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.
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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.

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

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.

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.
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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.

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.

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.

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.

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

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).

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

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.

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.

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.

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.
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One share of CRS stock can currently be purchased for approximately $42.56.

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.

Carpenter Technology employs 4,600 workers across the globe.

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

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

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]