Carpenter Technology (CRS) Stock Price, News & Analysis

Company Overview

Carpenter Technology Corporation, founded in 1889 and headquartered in Philadelphia, Pennsylvania, is a leading producer and distributor of specialty alloys and stainless steel products. With a history spanning over 130 years, the company has built a reputation for innovation, quality and reliability in high-performance materials. Initially established as Carpenter Steel Company to support the burgeoning railroad industry, it has evolved into a diversified supplier of engineered materials for a range of demanding applications.

The company’s core offerings include high-strength alloys such as nickel-based superalloys, titanium and titanium alloys, stainless steels and specialty stainless steels, as well as advanced powders for additive manufacturing. Carpenter Technology serves critical markets including aerospace, defense, industrial gas turbines, medical implants and oil and gas exploration. Its products are engineered to withstand extreme environments, high temperatures and corrosive conditions, helping customers improve performance, safety and longevity in critical components.

With manufacturing and service facilities strategically located across North America, Europe and Asia, Carpenter Technology supports a global customer base through a combination of integrated supply chain solutions and technical collaboration. The company emphasizes responsiveness and customization, enabling it to address complex design requirements and stringent regulatory standards. In recent years, Carpenter has also expanded its footprint in additive manufacturing, leveraging metal powder expertise to meet growing demand for 3D-printed parts in aerospace and medical markets.

Under the leadership of President and Chief Executive Officer Jonathan L. Salinger, Carpenter Technology continues to focus on operational excellence and sustainable growth. The management team is dedicated to environmental stewardship, workplace safety and community engagement, reinforcing the company’s commitment to ethical business practices. By investing in research and development, Carpenter aims to drive technological advancements and deliver high-value solutions that support its customers’ most critical missions.

Key Stats

• Today's Range: $265.35 to $281.79
• 50-Day Range: $195.34 to $280.44
• 52-Week Range: $106.03 to $282.99
• Volume: 1.22 million shs
• Average Volume: 812,741 shs
• Market Capitalization: $13.74 billion
• P/E Ratio: 39.09
• Dividend Yield: 0.29%
• Price Target: $278.33
• Consensus Rating: Moderate Buy

Carpenter Technology Stock Analysis - MarketRank™

Carpenter Technology scored higher than 82% of companies evaluated by MarketBeat, and ranked 48th out of 188 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Carpenter Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Carpenter Technology has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 18.30%

Earnings Growth

Earnings for Carpenter Technology are expected to grow by 18.30% in the coming year, from $6.83 to $8.08 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Carpenter Technology is 39.09, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.93.

Price to Earnings Ratio vs. Sector

The P/E ratio of Carpenter Technology is 39.09, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 95.87.

Price to Earnings Growth Ratio

Carpenter Technology has a PEG Ratio of 0.94. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Carpenter Technology has a P/B Ratio of 8.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

9.95% of the float of Carpenter Technology has been sold short.

Short Interest Ratio / Days to Cover

Carpenter Technology has a short interest ratio ("days to cover") of 5.6.

Change versus previous month

Short interest in Carpenter Technology has recently decreased by 11.38%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Carpenter Technology has a dividend yield of 0.28%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Carpenter Technology does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Carpenter Technology is 11.33%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Carpenter Technology will have a dividend payout ratio of 9.90% next year. This indicates that Carpenter Technology will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -4.94

Percentage of Shares Shorted

9.95% of the float of Carpenter Technology has been sold short.

Short Interest Ratio / Days to Cover

Carpenter Technology has a short interest ratio ("days to cover") of 5.6.

Change versus previous month

Short interest in Carpenter Technology has recently decreased by 11.38%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 1.57

News Sentiment

Carpenter Technology has a news sentiment score of 1.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Carpenter Technology this week, compared to 10 articles on an average week.

Search Interest

Only 2 people have searched for CRS on MarketBeat in the last 30 days. This is a decrease of -85% compared to the previous 30 days.

MarketBeat Follows

14 people have added Carpenter Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 367% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Carpenter Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $922,287.00 in company stock.

Percentage Held by Insiders

Only 2.90% of the stock of Carpenter Technology is held by insiders.

Percentage Held by Institutions

92.03% of the stock of Carpenter Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CRS Stock Analysis - Frequently Asked Questions

How have CRS shares performed this year?

Carpenter Technology's stock was trading at $169.71 at the beginning of 2025. Since then, CRS shares have increased by 62.6% and is now trading at $275.95.

How were Carpenter Technology's earnings last quarter?

Carpenter Technology Corporation (NYSE:CRS) issued its quarterly earnings results on Thursday, April, 24th. The basic materials company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.14. The company's quarterly revenue was up 6.1% on a year-over-year basis.
Read the conference call transcript.

Is Carpenter Technology buying back stock?

Carpenter Technology's board initiated a share buyback program on Thursday, April 24th 2025, which permits the company to repurchase $400,000,000 in outstanding shares, according to EventVestor. This means that the company could reacquire up to 4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its stock is undervalued.

Who are Carpenter Technology's major shareholders?

Top institutional investors of Carpenter Technology include NBC Securities Inc. (0.01%), MRA Advisory Group (0.01%), TrueWealth Advisors LLC and HMS Capital Management LLC. Insiders that own company stock include Steven E Karol, James D Dee, Brian J Malloy, Marshall D Akins, Elizabeth A Socci, I Martin Inglis, Charles Douglas Mclane Jr and Anastasios John Hart.
View institutional ownership trends.

How do I buy shares of Carpenter Technology?

Shares of CRS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Carpenter Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Carpenter Technology investors own include Humana (HUM), American Water Works (AWK), NVIDIA (NVDA), Voyager Therapeutics (VYGR), TotalEnergies (TTE), Waste Connections (WCN) and The RMR Group (RMR).

Company Calendar

• Record date for 6/5 Dividend: 4/22/2025
• Ex-Dividend for 6/5 Dividend: 4/22/2025
• Last Earnings: 4/24/2025
• Dividend Payable: 6/05/2025
• Today: 7/08/2025
• Next Earnings (Estimated): 7/31/2025
• Fiscal Year End: 6/30/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: STEEL - SPECIALTY
• Sub-Industry: Steel
• Current Symbol: NYSE:CRS
• CIK: 17843
• Web: www.carpentertechnology.com
• Phone: (610) 208-2000
• Fax: 610-208-3716
• Employees: 4,600
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Carpenter Technology: $278.33
• High Price Target: $305.00
• Low Price Target: $230.00
• Potential Upside/Downside: +0.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): $7.06
• Trailing P/E Ratio: 39.09
• Forward P/E Ratio: 40.40
• P/E Growth: 0.94
• Net Income: $186.50 million
• Net Margins: 12.26%
• Pretax Margin: 14.46%
• Return on Equity: 21.16%
• Return on Assets: 10.85%

Debt

• Debt-to-Equity Ratio: 0.39
• Current Ratio: 3.75
• Quick Ratio: 1.89

Sales & Book Value

• Annual Sales: $2.76 billion
• Price / Sales: 4.98
• Cash Flow: $7.67 per share
• Price / Cash Flow: 35.97
• Book Value: $32.83 per share
• Price / Book: 8.41

Miscellaneous

• Outstanding Shares: 49,780,000
• Free Float: 48,335,000
• Market Cap: $13.74 billion
• Optionable: Optionable
• Beta: 1.39