About Carpenter Technology (NYSE:CRS)
Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. It operates through two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels. It also manufactures and rents down-hole drilling tools and components for use in the oil and gas industry. The company serves aerospace and defense, energy, transportation, medical and industrial, and consumer industries. Carpenter Technology Corporation was founded in 1889 and is headquartered in Philadelphia, Pennsylvania.
Industry, Sector and Symbol
Industry Blast furnaces & steel mills
Sub-IndustrySteel
SectorBasic Materials
SymbolNYSE:CRS
CUSIP14428510
Phone610-208-2000
Debt
Debt-to-Equity Ratio0.41%
Current Ratio2.99%
Quick Ratio1.00%
Price-To-Earnings
Trailing P/E Ratio47.36
Forward P/E Ratio22.05
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.80 billion
Price / Sales1.34
Cash Flow$3.5794 per share
Price / Cash14.29
Book Value$25.64 per share
Price / Book1.99
Profitability
EPS (Most Recent Fiscal Year)$1.08
Net Income$47 million
Net Margins8.30%
Return on Equity7.94%
Return on Assets3.39%
Miscellaneous
Employees4,600
Outstanding Shares46,920,000
Carpenter Technology (NYSE:CRS) Frequently Asked Questions
What is Carpenter Technology's stock symbol?
Carpenter Technology trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRS."
How often does Carpenter Technology pay dividends? What is the dividend yield for Carpenter Technology?
Carpenter Technology announced a quarterly dividend on Wednesday, April 18th. Investors of record on Tuesday, May 1st will be given a dividend of $0.18 per share on Thursday, June 7th. This represents a $0.72 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Monday, April 30th. View Carpenter Technology's Dividend History.
How were Carpenter Technology's earnings last quarter?
Carpenter Technology Co. (NYSE:CRS) posted its quarterly earnings data on Thursday, February, 1st. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.51 by $0.04. The basic materials company had revenue of $487.80 million for the quarter, compared to analyst estimates of $482.20 million. Carpenter Technology had a net margin of 8.30% and a return on equity of 7.94%. The firm's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.15 earnings per share. View Carpenter Technology's Earnings History.
When is Carpenter Technology's next earnings date?
What price target have analysts set for CRS?
4 Wall Street analysts have issued 12 month price objectives for Carpenter Technology's stock. Their forecasts range from $49.00 to $53.00. On average, they anticipate Carpenter Technology's share price to reach $50.6667 in the next twelve months. View Analyst Ratings for Carpenter Technology.
What are Wall Street analysts saying about Carpenter Technology stock?
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. " (4/16/2018)
- 2. Cowen Inc analysts commented, "FQ3’s EPS were above Street, margin was robust, especially at SAO, and important." (4/27/2017)
Who are some of Carpenter Technology's key competitors?
Who are Carpenter Technology's key executives?
Carpenter Technology's management team includes the folowing people:
- Mr. Tony R. Thene, Pres, CEO & Director (Age 57)
- Mr. Damon J. Audia, Sr. VP & CFO (Age 47)
- Mr. Joseph E. Haniford, Sr. VP & COO (Age 59)
- Mr. James D. Dee, VP, Gen. Counsel, Sec. & Chief Governance Officer (Age 60)
- Mr. Timothy Lain, VP, Controller & Chief Accounting Officer (Age 46)
Has Carpenter Technology been receiving favorable news coverage?
Media headlines about CRS stock have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Carpenter Technology earned a daily sentiment score of 0.09 on Accern's scale. They also assigned news headlines about the basic materials company an impact score of 44.46 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Carpenter Technology's stock price today?
One share of CRS stock can currently be purchased for approximately $51.15.
How big of a company is Carpenter Technology?
Carpenter Technology has a market capitalization of $2.43 billion and generates $1.80 billion in revenue each year. The basic materials company earns $47 million in net income (profit) each year or $1.08 on an earnings per share basis. Carpenter Technology employs 4,600 workers across the globe.
How can I contact Carpenter Technology?
Carpenter Technology's mailing address is 1735 Market Street 15th Floor, PHILADELPHIA PA, 19103. The basic materials company can be reached via phone at 610-208-2000 or via email at [email protected]
MarketBeat Community Rating for Carpenter Technology (CRS)
MarketBeat's community ratings are surveys of what our community members think about Carpenter Technology and other stocks. Vote "Outperform" if you believe CRS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CRS will underperform the S&P 500 over the long term. You may vote once every thirty days.
Carpenter Technology (NYSE:CRS) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
4 Wall Street analysts have issued ratings and price targets for Carpenter Technology in the last 12 months. Their average twelve-month price target is $50.6667, suggesting that the stock has a possible downside of 0.94%. The high price target for CRS is $53.00 and the low price target for CRS is $49.00. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Buy | Buy |
| Consensus Rating Score: | 2.25 | 2.33 | 2.50 | 2.50 |
| Ratings Breakdown: | 0 Sell Rating(s)
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $50.6667 | $51.50 | $49.3333 | $43.40 |
| Price Target Upside: | 0.94% downside | 0.12% downside | 4.32% downside | 13.20% downside |
Carpenter Technology (NYSE:CRS) Consensus Price Target History
Carpenter Technology (NYSE:CRS) Analyst Ratings History
Show:
(Data available from 4/21/2016 forward)
Carpenter Technology (NYSE:CRS) Dividend Information
Carpenter Technology pays an annual dividend of $0.72 per share, with a dividend yield of 1.41%. CRS's next quarterly dividend payment will be made on Thursday, June 7. Carpenter Technology pays out 66.67% of its earnings out as a dividend.
| Next Dividend: | 6/7/2018 |
| Annual Dividend: | $0.72 |
| Dividend Yield: | 1.41% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 66.67% (Trailing 12 Months of Earnings)
31.03% (Based on This Year's Estimates)
21.95% (Based on Next Year's Estimates)
|
| Frequency: | Quarterly Dividend |
Carpenter Technology (NYSE:CRS) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/18/2018 | quarterly | $0.18 | 1.38% | 4/30/2018 | 5/1/2018 | 6/7/2018 |
| 1/24/2018 | quarterly | $0.18 | 1.63% | 2/5/2018 | 2/6/2018 | 3/1/2018 |
| 10/10/2017 | quarterly | $0.18 | 1.46% | 10/23/2017 | 10/24/2017 | 12/7/2017 |
| 8/9/2017 | quarterly | $0.18 | 1.88% | 8/18/2017 | 8/22/2017 | 9/7/2017 |
| 4/20/2017 | quarterly | $0.18 | 1.97% | 4/28/2017 | 5/2/2017 | 6/1/2017 |
| 1/25/2017 | quarterly | $0.18 | 1.78% | 2/3/2017 | 2/7/2017 | 3/2/2017 |
| 10/12/2016 | quarterly | $0.18 | 1.88% | 10/21/2016 | 10/25/2016 | 12/1/2016 |
| 8/10/2016 | quarterly | $0.18 | 1.92% | 8/19/2016 | 8/23/2016 | 9/1/2016 |
| 4/20/2016 | quarterly | $0.18 | 1.96% | 4/29/2016 | 5/3/2016 | 6/2/2016 |
| 1/27/2016 | quarterly | $0.18 | 2.79% | 2/5/2016 | 2/9/2016 | 3/3/2016 |
| 10/14/2015 | quarterly | $0.18 | 2% | 10/23/2015 | 10/27/2015 | 12/3/2015 |
| 8/26/2015 | quarterly | $0.18 | 2.05% | 9/3/2015 | 9/8/2015 | 9/15/2015 |
| 4/29/2015 | quarterly | $0.18 | 1.69% | 5/8/2015 | 5/12/2015 | 6/4/2015 |
| 1/28/2015 | | $0.18 | | 2/6/2015 | 2/10/2015 | 3/5/2015 |
| 10/15/2014 | quarterly | $0.18 | 1.63% | 10/24/2014 | 10/28/2014 | 12/4/2014 |
| 8/13/2014 | quarterly | $0.18 | 1.33% | 8/22/2014 | 8/26/2014 | 9/5/2014 |
| 5/1/2014 | quarterly | $0.18 | 1.14% | 5/9/2014 | 5/13/2014 | 6/5/2014 |
| 1/29/2014 | quarterly | $0.18 | 1.29% | 2/7/2014 | 2/11/2014 | 3/6/2014 |
| 10/16/2013 | quarterly | $0.18 | 1.2% | 10/25/2013 | 10/29/2013 | 12/5/2013 |
| 8/14/2013 | quarterly | $0.18 | 1.3% | 8/23/2013 | 8/27/2013 | 9/6/2013 |
| 5/2/2013 | quarterly | $0.18 | 1.63% | 5/10/2013 | 5/14/2013 | 6/6/2013 |
| 1/30/2013 | quarterly | $0.18 | 1.38% | 2/8/2013 | 2/12/2013 | 3/7/2013 |
(Data available from 1/1/2013 forward)
Carpenter Technology (NYSE CRS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 4.51%
Institutional Ownership Percentage: 98.31%
Carpenter Technology (NYSE CRS) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 12/1/2017 | Joseph E Haniford | COO | Sell | 11,448 | $49.09 | $561,982.32 | |  |
| 9/6/2017 | Steven E Karol | Director | Sell | 2,645 | $40.50 | $107,122.50 | 230,418 | |
| 8/31/2017 | Robert R Mcmaster | Director | Sell | 8,000 | $40.44 | $323,520.00 | 9,200 | |
| 8/25/2017 | Jeffrey Wadsworth | Director | Sell | 4,000 | $40.25 | $161,000.00 | 4,200 | |
| 8/24/2017 | I Martin Inglis | Director | Sell | 8,000 | $39.77 | $318,160.00 | 11,200 | |
| 8/7/2017 | Steven E Karol | Director | Sell | 3,877 | $40.18 | $155,777.86 | 230,418 | |
| 6/6/2017 | Jatinder Singh Bal | Director | Sell | 50,000 | $0.07 | $3,500.00 | | |
| 6/2/2017 | Jatinder Singh Bal | Director | Buy | 6,000 | $0.07 | $420.00 | | |
| 6/1/2017 | Greg Campbell | Insider | Buy | 50,000 | $0.07 | $3,500.00 | | |
| 5/26/2017 | Greg Campbell | Insider | Buy | 72,000 | $0.07 | $5,040.00 | | |
| 5/25/2017 | Greg Campbell | Insider | Buy | 18,000 | $0.07 | $1,260.00 | | |
| 5/24/2017 | Greg Campbell | Insider | Buy | 7,000 | $0.07 | $490.00 | | |
| 5/24/2017 | Jatinder Singh Bal | Director | Buy | 50,000 | $0.07 | $3,500.00 | | |
| 5/23/2017 | Jatinder Singh Bal | Director | Buy | 91,000 | $0.08 | $7,280.00 | | |
| 4/13/2017 | Jatinder Singh Bal | Director | Sell | 52,000 | $0.08 | $4,160.00 | | |
| 4/12/2017 | Jatinder Singh Bal | Director | Sell | 42,000 | $0.08 | $3,360.00 | | |
| 3/10/2017 | Jatinder Singh Bal | Director | Buy | 23,000 | $0.07 | $1,610.00 | | |
| 3/9/2017 | Jatinder Singh Bal | Director | Buy | 3,000 | $0.07 | $210.00 | | |
| 2/17/2017 | Jatinder Singh Bal | Director | Buy | 14,000 | $0.09 | $1,260.00 | | |
| 2/15/2017 | Jatinder Singh Bal | Director | Buy | 9,500 | $0.09 | $855.00 | | |
| 2/10/2017 | Jatinder Singh Bal | Director | Buy | 2,500 | $0.10 | $250.00 | | |
| 2/9/2017 | Jatinder Singh Bal | Director | Buy | 37,000 | $0.09 | $3,330.00 | | |
| 2/7/2017 | Kathryn C Turner | Director | Sell | 8,000 | $42.60 | $340,800.00 | 13,328 | |
| 1/20/2017 | Jatinder Singh Bal | Director | Buy | 30,000 | $0.10 | $3,000.00 | | |
| 12/16/2016 | Gregory A Pratt | Director | Sell | 63,966 | $38.26 | $2,447,339.16 | 68,579 | |
| 8/1/2016 | Gregory A Pratt | Director | Sell | 10,358 | $38.78 | $401,683.24 | 12,613 | |
| 3/17/2016 | Greg Campbell | Insider | Sell | 123,000 | $0.05 | $6,150.00 | | |
| 2/12/2016 | Jatinder Singh Bal | Director | Sell | 303,000 | $0.04 | $12,120.00 | | |
| 1/26/2016 | Jatinder Singh Bal | Director | Buy | 13,000 | $0.0450 | $585.00 | | |
| 1/22/2016 | Jatinder Singh Bal | Director | Sell | 20,000 | $0.05 | $1,000.00 | | |
| 1/15/2016 | Jatinder Singh Bal | Director | Buy | 50,000 | $0.0550 | $2,750.00 | | |
| 12/30/2015 | Jatinder Singh Bal | Director | Buy | 150,000 | $0.0750 | $11,250.00 | | |
| 11/30/2015 | Jatinder Singh Bal | Director | Sell | 38,000 | $0.20 | $7,600.00 | | |
| 11/13/2015 | Greg Campbell | Insider | Sell | 150,000 | $0.1650 | $24,750.00 | | |
| 11/13/2015 | Jatinder Singh Bal | Director | Buy | 15,000 | $0.16 | $2,400.00 | | |
| 11/6/2015 | Greg Campbell | Insider | Sell | 130,500 | $0.1760 | $22,968.00 | | |
| 11/5/2015 | Greg Campbell | Insider | Sell | 40,000 | $0.18 | $7,200.00 | | |
| 10/29/2015 | Greg Campbell | Insider | Sell | 50,000 | $0.20 | $10,000.00 | | |
| 10/29/2015 | Jatinder Singh Bal | Director | Sell | 40,000 | $0.20 | $8,000.00 | | |
| 10/26/2015 | Jatinder Singh Bal | Director | Sell | 50,000 | $0.2250 | $11,250.00 | | |
| 10/21/2015 | Greg Campbell | Insider | Sell | 25,000 | $0.1850 | $4,625.00 | | |
| 10/21/2015 | Greg Campbell | Insider | Sell | 25,000 | $0.1850 | $4,625.00 | | |
| 10/20/2015 | Jatinder Singh Bal | Director | Sell | 100,000 | $0.19 | $19,000.00 | | |
| 10/19/2015 | Greg Campbell | Insider | Sell | 26,177 | $0.20 | $5,235.40 | | |
| 10/13/2015 | Greg Campbell | Insider | Sell | 50,000 | $0.1770 | $8,850.00 | | |
| 10/9/2015 | Greg Campbell | Insider | Sell | 4,000 | $0.17 | $680.00 | | |
| 10/8/2015 | Greg Campbell | Insider | Sell | 24,000 | $0.1650 | $3,960.00 | | |
| 9/28/2015 | Jatinder Singh Bal | Director | Buy | 70,000 | $0.14 | $9,800.00 | | |
| 8/28/2015 | Jatinder Singh Bal | Director | Sell | 20,000 | $0.10 | $2,000.00 | | |
| 8/27/2015 | Jatinder Singh Bal | Director | Sell | 50,000 | $0.10 | $5,000.00 | | |
| 8/26/2015 | Greg Campbell | Insider | Sell | 134,000 | $0.09 | $12,060.00 | | |
| 8/25/2015 | Greg Campbell | Insider | Sell | 100,000 | $0.09 | $9,000.00 | | |
| 7/22/2015 | Lorne Allan Torhjelm | Director | Sell | 10,000 | $0.00 | $0.00 | | |
| 7/21/2015 | Lorne Allan Torhjelm | Director | Sell | 20,000 | $0.00 | $0.00 | | |
| 7/15/2015 | Lorne Allan Torhjelm | Director | Sell | 10,000 | $0.00 | $0.00 | | |
| 7/8/2015 | Lorne Allan Torhjelm | Director | Sell | 10,000 | $0.00 | $0.00 | | |
| 6/19/2015 | Greg Campbell | Insider | Buy | 800,000 | $0.20 | $160,000.00 | | |
| 6/18/2015 | Lorne Allan Torhjelm | Director | Sell | 20,000 | $0.00 | $0.00 | | |
| 6/11/2015 | Jatinder Singh Bal | Director | Sell | 50,000 | $0.20 | $10,000.00 | | |
| 6/10/2015 | Jatinder Singh Bal | Director | Sell | 50,000 | $0.2050 | $10,250.00 | | |
| 5/21/2015 | Greg Campbell | Insider | Sell | 216,315 | $0.08 | $17,305.20 | | |
| 5/21/2015 | Jatinder Singh Bal | Director | Sell | 100,000 | $0.09 | $9,000.00 | | |
| 5/19/2015 | Jatinder Singh Bal | Director | Sell | 171,000 | $0.0750 | $12,825.00 | | |
| 5/15/2015 | Jatinder Singh Bal | Director | Buy | 50,000 | $0.0650 | $3,250.00 | | |
| 5/12/2015 | Jatinder Singh Bal | Director | Buy | 30,000 | $0.0650 | $1,950.00 | | |
| 5/7/2015 | Jatinder Singh Bal | Director | Buy | 50,000 | $0.0750 | $3,750.00 | | |
| 5/6/2015 | Jatinder Singh Bal | Director | Buy | 40,000 | $0.08 | $3,200.00 | | |
| 5/5/2015 | Jatinder Singh Bal | Director | Buy | 20,000 | $0.0750 | $1,500.00 | | |
| 5/1/2015 | Jatinder Singh Bal | Director | Buy | 16,000 | $0.07 | $1,120.00 | | |
| 4/20/2015 | Jatinder Singh Bal | Director | Buy | 25,000 | $0.0650 | $1,625.00 | | |
| 4/17/2015 | Jatinder Singh Bal | Director | Buy | 50,000 | $0.06 | $3,000.00 | | |
| 10/28/2014 | Stephen M Ward Jr | Director | Buy | 4,100 | $49.28 | $202,048.00 | 11,170 | |
| 9/8/2014 | Gregory A. Pratt | Director | Sell | 22,922 | $53.57 | $1,227,931.54 | 4,613 | |
| 6/26/2014 | Jeffrey Wadsworth | Director | Sell | 4,000 | $62.67 | $250,680.00 | | |
| 6/10/2014 | Steven E Karol | Director | Sell | 4,000 | $62.25 | $249,000.00 | | |
| 5/27/2014 | Thomas O Hicks | Director | Sell | 142,184 | $63.51 | $9,030,105.84 | | |
| 5/23/2014 | Steven Karol | Director | Sell | 10,000 | $63.40 | $634,000.00 | 247,418 | |
| 2/14/2014 | Steven Karol | Director | Sell | 12,693 | $59.70 | $757,772.10 | 202,415 | |
| 12/20/2013 | Peter Stephans | Director | Sell | 7,096 | $59.59 | $422,850.64 | 52,086 | |
| 12/4/2013 | Steven Karol | Director | Sell | 5,000 | $60.98 | $304,900.00 | 195,297 | |
| 12/2/2013 | Thomas Hicks | Director | Sell | 15,627 | $60.59 | $946,839.93 | | |
| 11/26/2013 | Thomas Hicks | Director | Sell | 105,183 | $60.61 | $6,375,141.63 | | |
| 11/13/2013 | David Strobel | SVP | Sell | 13,594 | $60.40 | $821,077.60 | 24,119 | |
| 11/2/2012 | Robert R Mcmaster | Director | Buy | 1,000 | $50.00 | $50,000.00 | | |
| 9/4/2012 | Gregory A Pratt | Director | Sell | 5,000 | $47.02 | $235,100.00 | | |
(Data available from 1/1/2013 forward)
Carpenter Technology (NYSE CRS) News Headlines
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Carpenter Technology (NYSE:CRS) SEC Filings
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Carpenter Technology (NYSE:CRS) Income Statement, Balance Sheet and Cash Flow Statement
Carpenter Technology (NYSE CRS) Stock Chart for Saturday, April, 21, 2018
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