Carpenter Technology Stock Forecast, Price & News

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 stock has decreased by 33.2% and is now trading at $18.21.
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4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last year. There are currently 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
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Carpenter Technology is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Carpenter Technology.

Carpenter Technology Co. (NYSE:CRS) released its quarterly earnings results on Thursday, July, 30th. The basic materials company reported ($0.31) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.35) by $0.04. The basic materials company earned $437.30 million during the quarter, compared to the consensus estimate of $453.23 million. Carpenter Technology had a return on equity of 6.84% and a net margin of 0.07%. Carpenter Technology's quarterly revenue was down 31.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.00 EPS.
View Carpenter Technology's earnings history.

Carpenter Technology announced a quarterly dividend on Wednesday, August 12th. Stockholders of record on Tuesday, August 25th will be paid a dividend of $0.20 per share on Thursday, September 3rd. This represents a $0.80 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Monday, August 24th.
View Carpenter Technology's dividend history.

4 Wall Street analysts have issued 1 year target prices for Carpenter Technology's stock. Their forecasts range from $27.00 to $30.00. On average, they anticipate Carpenter Technology's stock price to reach $28.50 in the next twelve months. This suggests a possible upside of 56.5% from the stock's current price.
View analysts' price targets for Carpenter Technology.

Carpenter Technology saw a increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,160,000 shares, an increase of 11.5% from the July 30th total of 1,040,000 shares. Based on an average trading volume of 688,900 shares, the days-to-cover ratio is currently 1.7 days. Currently, 2.5% of the company's shares are sold short.
View Carpenter Technology's Short Interest.

Some companies that are related to Carpenter Technology include Nucor (NUE), Reliance Steel & Aluminum (RS), Steel Dynamics (STLD), Commercial Metals (CMC), Cleveland-Cliffs (CLF), Worthington Industries (WOR), United States Steel (X), Allegheny Technologies (ATI), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Carpenter Technology investors own include WPX Energy (WPX), Pfizer (PFE), AT&T (T), Broadcom (AVGO), Intel (INTC), Inovio Pharmaceuticals (INO), Micron Technology (MU), Cisco Systems (CSCO), AbbVie (ABBV) and ConocoPhillips (COP).

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

Carpenter Technology's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.69%), Bank of New York Mellon Corp (2.38%), Frontier Capital Management Co. LLC (1.87%), Charles Schwab Investment Management Inc. (1.14%), FMR LLC (1.07%) and Bank of America Corp DE (0.94%). 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 Frontier Capital Management Co. LLC, Granite Investment Partners LLC, Goldman Sachs Group Inc., Engineers Gate Manager LP, Federated Hermes Inc., FMR LLC, Icon Advisers Inc. Co., and Cubist Systematic Strategies LLC.
View insider buying and selling activity for Carpenter Technology.

CRS stock was purchased by a variety of institutional investors in the last quarter, including Bridgeway Capital Management Inc., Marshall Wace LLP, AQR Capital Management LLC, Marshall Wace North America L.P., Fisher Asset Management LLC, RMB Capital Management LLC, Raymond James & Associates, and William Blair Investment Management 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.

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 $18.21.

Carpenter Technology has a market capitalization of $873.11 million 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'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]