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NYSE:CRS

Carpenter Technology Stock Forecast, Price & News

$24.44
-1.38 (-5.34 %)
(As of 11/30/2020 12:00 AM ET)
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Today's Range
$24.35
Now: $24.44
$25.62
50-Day Range
$16.09
MA: $20.90
$27.25
52-Week Range
$13.60
Now: $24.44
$54.90
Volume321,343 shs
Average Volume540,427 shs
Market Capitalization$1.17 billion
P/E RatioN/A
Dividend Yield3.10%
Beta2.11
Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. It operates in 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, as well as drilling tools, and metal powders and parts. It serves aerospace, defense, medical, transportation, energy, industrial, and consumer markets. The company was founded in 1889 and is headquartered in Philadelphia, Pennsylvania.
Carpenter Technology logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.98 out of 5 stars


Industry, Sector and Symbol

Industry Blast furnaces & steel mills
Sub-IndustrySteel
CUSIP14428510
Phone610-208-2000
Employees4,600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.18 billion
Cash Flow$5.22 per share
Book Value$29.31 per share

Profitability

Net Income$1.50 million

Miscellaneous

Market Cap$1.17 billion
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$24.44
-1.38 (-5.34 %)
(As of 11/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Carpenter Technology (NYSE:CRS) Frequently Asked Questions

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

Carpenter Technology's stock was trading at $27.28 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CRS stock has decreased by 10.4% and is now trading at $24.44.
View which stocks have been most impacted by COVID-19
.

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 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Carpenter Technology
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Carpenter Technology?

Wall Street analysts have given Carpenter Technology a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Carpenter Technology wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Carpenter Technology's next earnings date?

Carpenter Technology is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Carpenter Technology
.

How were Carpenter Technology's earnings last quarter?

Carpenter Technology Co. (NYSE:CRS) released its quarterly earnings results on Thursday, October, 22nd. The basic materials company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by $0.02. The basic materials company had revenue of $353.40 million for the quarter, compared to analysts' expectations of $371 million. Carpenter Technology had a positive return on equity of 2.48% and a negative net margin of 4.45%. The company's revenue for the quarter was down 39.6% on a year-over-year basis. During the same quarter last year, the business earned $0.85 EPS.
View Carpenter Technology's earnings history
.

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

Carpenter Technology declared a quarterly dividend on Friday, October 16th. Stockholders of record on Tuesday, October 27th will be given a dividend of $0.20 per share on Thursday, December 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Monday, October 26th.
View Carpenter Technology's dividend history
.

What price target have analysts set for CRS?

4 analysts have issued 12 month price targets for Carpenter Technology's shares. 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 16.6% from the stock's current price.
View analysts' price targets for Carpenter Technology
.

Are investors shorting Carpenter Technology?

Carpenter Technology saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 2,060,000 shares, an increase of 17.0% from the October 31st total of 1,760,000 shares. Based on an average trading volume of 499,100 shares, the short-interest ratio is presently 4.1 days. Currently, 4.4% of the shares of the stock are short sold.
View Carpenter Technology's Short Interest
.

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), Broadcom (AVGO), AT&T (T), Intel (INTC), Pfizer (PFE), Inovio Pharmaceuticals (INO), Micron Technology (MU), Cisco Systems (CSCO), AbbVie (ABBV) and Gilead Sciences (GILD).

Who are Carpenter Technology's key executives?

Carpenter Technology's management team includes the following people:
  • Mr. Tony R. Thene, Pres, CEO & Director (Age 60, Pay $1.23M)
  • Mr. Timothy Lain, Sr. VP & CFO (Age 48, Pay $525.13k)
  • Mr. James D. Dee, Sr. VP, Gen. Counsel, Sec. & Chief Governance Officer (Age 62, Pay $532.63k)
  • Mr. Brian J. Malloy, Chief Commercial Officer & Sr. VP
  • Mr. Joseph E. Haniford, Sr. VP of Operations (Age 61)
  • Ms. Elizabeth A. Socci, VP, Controller & Chief Accounting Officer
  • Mr. David Graf, Chief Technology Officer
  • Mr. James A. Johnson II, Chief Information Officer & VP
  • Mr. Stephen Peskosky, VP of Corp. Devel.
  • Ms. Rachelle H. Thompson, Chief HR 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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.81%), State Street Corp (6.32%), Charles Schwab Investment Management Inc. (1.20%), Fisher Asset Management LLC (1.00%), Arrowstreet Capital Limited Partnership (0.89%) and Principal Financial Group Inc. (0.79%). 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 AQR Capital Management LLC, Royce & Associates LP, American International Group Inc., Wells Fargo & Company MN, JPMorgan Chase & Co., The Manufacturers Life Insurance Company , Tributary Capital Management LLC, and Hillcrest Asset Management LLC.
View insider buying and selling activity for Carpenter Technology
.

Which major investors are buying Carpenter Technology stock?

CRS stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., State Street Corp, Principal Financial Group Inc., Arrowstreet Capital Limited Partnership, Assenagon Asset Management S.A., Federated Hermes Inc., Public Sector Pension Investment Board, and Voloridge 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
.

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 $24.44.

How big of a company is Carpenter Technology?

Carpenter Technology has a market capitalization of $1.17 billion 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.

What is Carpenter Technology's official website?

The official website for Carpenter Technology is www.carpentertechnology.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 12/1/2020 by MarketBeat.com Staff

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