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NYSE:CRSCarpenter Technology Stock Price, Forecast & News

$23.35
-0.60 (-2.51 %)
(As of 05/29/2020 04:00 PM ET)
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Compare
Today's Range
$22.86
Now: $23.35
$23.79
50-Day Range
$18.08
MA: $20.76
$25.79
52-Week Range
$13.60
Now: $23.35
$56.33
Volume36,535 shs
Average Volume490,159 shs
Market Capitalization$1.12 billion
P/E Ratio6.75
Dividend Yield3.10%
Beta2.2
Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. The company operates through two segments, Specialty Alloys Operations and Performance Engineered Products. It offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as drilling tools; and metal powders and parts. The company serves the aerospace, defense, transportation, energy, medical, industrial, and consumer markets. Carpenter Technology Corporation was founded in 1889 and is headquartered in Philadelphia, Pennsylvania.
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Carpenter Technology logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.80 out of 5 stars


Industry, Sector and Symbol

Industry Blast furnaces & steel mills
Sub-IndustrySteel
SectorBasic Materials
CUSIP14428510
Phone610-208-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.38 billion
Cash Flow$5.53 per share
Book Value$33.86 per share

Profitability

Net Income$167 million

Miscellaneous

Employees5,100
Market Cap$1.12 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Carpenter Technology (NYSE:CRS) Frequently Asked Questions

How has Carpenter Technology's stock been impacted by COVID-19 (Coronavirus)?

Carpenter Technology's stock was trading at $27.28 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CRS shares have decreased by 14.4% and is now trading at $23.35. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Carpenter Technology?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Carpenter Technology.

When is Carpenter Technology's next earnings date?

Carpenter Technology is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Carpenter Technology.

How were Carpenter Technology's earnings last quarter?

Carpenter Technology Co. (NYSE:CRS) announced its quarterly earnings results on Thursday, April, 30th. The basic materials company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. The basic materials company earned $585.40 million during the quarter, compared to analyst estimates of $573 million. Carpenter Technology had a net margin of 7.08% and a return on equity of 10.80%. Carpenter Technology's quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the business posted $0.87 EPS. View Carpenter Technology's earnings history.

How often does Carpenter Technology pay dividends? What is the dividend yield for Carpenter Technology?

Carpenter Technology announced a quarterly dividend on Thursday, April 23rd. Stockholders of record on Tuesday, May 5th will be given a dividend of $0.20 per share on Thursday, June 4th. This represents a $0.80 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Monday, May 4th. View Carpenter Technology's dividend history.

What price target have analysts set for CRS?

4 brokerages have issued 1-year price targets for Carpenter Technology's stock. Their forecasts range from $27.00 to $59.00. On average, they anticipate Carpenter Technology's share price to reach $38.67 in the next twelve months. This suggests a possible upside of 65.6% from the stock's current price. View analysts' price targets for Carpenter Technology.

Has Carpenter Technology been receiving favorable news coverage?

Media headlines about CRS stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Carpenter Technology earned a media sentiment score of 0.7 on InfoTrie's scale. They also assigned headlines about the basic materials company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news aboutCarpenter Technology.

Are investors shorting Carpenter Technology?

Carpenter Technology saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 1,230,000 shares, a decline of 7.5% from the March 31st total of 1,330,000 shares. Based on an average daily volume of 500,500 shares, the days-to-cover ratio is presently 2.5 days. Approximately 2.6% of the company's stock are short sold. View Carpenter Technology's Current Options Chain.

Who are some of Carpenter Technology's key competitors?

What other stocks do shareholders of Carpenter Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Carpenter Technology investors own include WPX Energy (WPX), ConocoPhillips (COP), Inovio Pharmaceuticals (INO), Ford Motor (F), General Electric (GE), Micron Technology (MU), AbbVie (ABBV), Allegheny Technologies (ATI), General Motors (GM) and AT&T (T).

Who are Carpenter Technology's key executives?

Carpenter Technology's management team includes the following people:
  • Mr. Tony R. Thene, Pres, CEO & Director (Age 58)
  • Mr. James D. Dee, VP, Gen. Counsel, Sec. & Chief Governance Officer (Age 61)
  • Mr. Joseph E. Haniford, VP of Bus. Mgmt. Office, Employee Health & Safety and Global Advanced Engg. (Age 60)
  • Mr. Timothy Lain, VP & CFO (Age 47)
  • Ms. Elizabeth A. Socci, VP, Controller & Chief Accounting Officer

What is Carpenter Technology's stock symbol?

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

Who are Carpenter Technology's major shareholders?

Carpenter Technology's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (11.65%), Wellington Management Group LLP (9.53%), Alliancebernstein L.P. (4.95%), State Street Corp (4.09%), Frontier Capital Management Co. LLC (2.59%) and Bank of New York Mellon Corp (2.37%). 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.

Which major investors are selling Carpenter Technology stock?

CRS stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Franklin Resources Inc., Frontier Capital Management Co. LLC, Nuveen Asset Management LLC, Grantham Mayo Van Otterloo & Co. LLC, BlackRock Inc., Fisher Asset Management LLC, and Principal Financial Group Inc.. 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 activity for Carpenter Technology.

Which major investors are buying Carpenter Technology stock?

CRS stock was bought by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Victory Capital Management Inc., Victory Capital Management Inc., Raymond James & Associates, Morgan Stanley, Morgan Stanley, Bank of New York Mellon Corp, and WASHINGTON TRUST Co. 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.

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, Robinhood, Fidelity, and Charles Schwab.

What is Carpenter Technology's stock price today?

One share of CRS stock can currently be purchased for approximately $23.35.

How big of a company is Carpenter Technology?

Carpenter Technology has a market capitalization of $1.12 billion and generates $2.38 billion in revenue each year. The basic materials company earns $167 million in net income (profit) each year or $3.46 on an earnings per share basis. Carpenter Technology employs 5,100 workers across the globe.

What is Carpenter Technology's official website?

The official website for Carpenter Technology is www.cartech.com.

How can I contact Carpenter Technology?

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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff

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