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 declared a quarterly dividend on Thursday, January 23rd. Investors of record on Monday, February 3rd will be paid a dividend of $0.20 per share on Thursday, March 5th. This represents a $0.80 annualized dividend and a yield of 1.85%. 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) announced its quarterly earnings results on Thursday, January, 30th. The basic materials company reported $0.83 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.87 by $0.04. The basic materials company had revenue of $573 million for the quarter, compared to analyst estimates of $575.83 million. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm 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 brokers have issued 12-month target prices for Carpenter Technology's stock. Their forecasts range from $59.00 to $59.00. On average, they anticipate Carpenter Technology's stock price to reach $59.00 in the next twelve months. This suggests a possible upside of 36.1% 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.

News coverage about CRS stock has been trending somewhat positive this week, InfoTrie Sentiment reports. The research group scores the sentiment of 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 negative five to five, with scores nearest to five being the most favorable. Carpenter Technology earned a news impact score of 2.0 on InfoTrie's scale. They also gave news coverage about the basic materials company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Carpenter Technology.

Carpenter Technology saw a drop in short interest during 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 volume of 258,000 shares, the days-to-cover ratio is currently 4.5 days. Approximately 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 Allegheny Technologies (ATI), AK Steel (AKS), Cleveland-Cliffs (CLF), Commercial Metals (CMC), Haynes International (HAYN), Nucor (NUE), Olympic Steel (ZEUS), Reliance Steel & Aluminum (RS), Schnitzer Steel Industries (SCHN), Steel Dynamics (STLD), United States Steel (X), Universal Stainless & Alloy Products (USAP) and Worthington Industries (WOR).

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), Micron Technology (MU), Ford Motor (F), General Electric (GE), Biogen (BIIB), AbbVie (ABBV), AT&T (T) and Adobe (ADBE).

Carpenter Technology's stock is owned by a variety of of retail and institutional investors. Top institutional investors include State Street Corp (4.16%), Bank of New York Mellon Corp (2.16%), Goldman Sachs Group Inc. (2.06%), Victory Capital Management Inc. (1.75%), Franklin Resources Inc. (1.41%) and Granite Investment Partners LLC (1.17%). 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, William Blair Investment Management LLC, Barrow Hanley Mewhinney & Strauss LLC, Royce & Associates LP and Emerald Mutual Fund Advisers Trust. 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, California Public Employees Retirement System, Russell Investments Group Ltd., Victory Capital Management Inc., AQR Capital Management LLC, New York State Teachers Retirement System and UBS Group AG. 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 $43.34.