Carpenter Technology Company Profile (NYSE:CRS)

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

Carpenter Technology announced a quarterly dividend on Thursday, April 20th. Shareholders of record on Tuesday, May 2nd will be given a dividend of $0.18 per share on Thursday, June 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, April 28th. View Carpenter Technology's Dividend History.

Carpenter Technology Co. (NYSE:CRS) released its quarterly earnings data on Thursday, April, 27th. The company reported $0.44 EPS for the quarter, topping the Zacks' consensus estimate of $0.32 by $0.12. The business had revenue of $473.60 million for the quarter, compared to the consensus estimate of $478.80 million. Carpenter Technology had a return on equity of 7.25% and a net margin of 4.37%. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS. View Carpenter Technology's Earnings History.

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

5 brokerages have issued twelve-month price targets for Carpenter Technology's stock. Their forecasts range from $35.00 to $50.00. On average, they expect Carpenter Technology's share price to reach $43.00 in the next twelve months. View Analyst Ratings for Carpenter Technology.

Here are some recent quotes from research analysts about Carpenter Technology 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. " (7/18/2017)
• 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 include National Steel Company (SID), Commercial Metals Company (CMC), Cliffs Natural Resources (CLF), 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'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's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Peregrine Capital Management LLC (1.11%), Bank of Montreal Can (0.07%), Capital One National Association (0.05%), Aperio Group LLC (0.05%), Nisa Investment Advisors LLC (0.05%) and OLD National Bancorp IN (0.05%). Company insiders that own Carpenter Technology stock include Greg Campbell, Gregory A Pratt, Jatinder Singh Bal and Kathryn C Turner. View Institutional Ownership Trends for Carpenter Technology.

Carpenter Technology's stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Independent Portfolio Consultants Inc., Peregrine Capital Management LLC, First National Bank of Omaha and US Bancorp DE. Company insiders that have sold Carpenter Technology stock in the last year include Gregory A Pratt, Jatinder Singh Bal and Kathryn C Turner. View Insider Buying and Selling for Carpenter Technology.

Carpenter Technology's stock was purchased by a variety of institutional investors in the last quarter, including OLD National Bancorp IN, Fox Run Management L.L.C., Aperio Group LLC, Huntington National Bank, Capital One National Association, Alpha Windward LLC, Oregon Public Employees Retirement Fund and LS Investment Advisors LLC. Company insiders that have bought Carpenter Technology stock in the last two years include Greg Campbell and Jatinder Singh Bal. View Insider Buying and Selling for Carpenter Technology.

Shares of Carpenter Technology 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 stock can currently be purchased for approximately $37.75.