NYSE:CRS Carpenter Technology (CRS) Stock Price, News & Analysis → Man who spotted Apple at $1.49 says: “Buy These 6 AI Stocks.” (From InvestorPlace) (Ad) Free CRS Stock Alerts $109.83 -0.15 (-0.14%) (As of 05/17/2024 ET) Add Compare Share Share Today's Range$109.04▼$110.7750-Day Range$64.50▼$109.9852-Week Range$44.40▼$110.89Volume501,542 shsAverage Volume750,687 shsMarket Capitalization$5.45 billionP/E Ratio41.76Dividend Yield0.73%Price Target$109.67 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Carpenter Technology alerts: Email Address Carpenter Technology MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside0.1% Downside$109.67 Price TargetShort InterestHealthy3.27% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-4.98Upright™ Environmental ScoreNews Sentiment1.16Based on 8 Articles This WeekInsider TradingSelling Shares$3.65 M Sold Last QuarterProj. Earnings Growth22.25%From $4.18 to $5.11 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.72 out of 5 starsBasic Materials Sector60th out of 170 stocksBlast Furnaces & Steel Mills Industry4th out of 12 stocks 1.3 Analyst's Opinion Consensus RatingCarpenter Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageCarpenter Technology has only been the subject of 3 research reports in the past 90 days.Read more about Carpenter Technology's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.27% of the outstanding shares of Carpenter Technology have been sold short.Short Interest Ratio / Days to CoverCarpenter Technology has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Carpenter Technology has recently increased by 11.72%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldCarpenter Technology has a dividend yield of 0.73%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthCarpenter Technology does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Carpenter Technology is 30.42%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Carpenter Technology will have a dividend payout ratio of 15.66% next year. This indicates that Carpenter Technology will be able to sustain or increase its dividend.Read more about Carpenter Technology's dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCarpenter Technology has received a -105.00% net impact score from Upright. The largest negative impact of Carpenter Technology in category "GHG emissions" seems to be driven mostly by its "Stainless steel", "Metallic iron", and "Copper alloys" products. See details.Environmental SustainabilityThe Environmental Impact score for Carpenter Technology is -4.98. Previous Next 3.4 News and Social Media Coverage News SentimentCarpenter Technology has a news sentiment score of 1.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Carpenter Technology this week, compared to 5 articles on an average week.Search InterestOnly 4 people have searched for CRS on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.MarketBeat Follows7 people have added Carpenter Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Carpenter Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,645,081.00 in company stock.Percentage Held by InsidersOnly 3.40% of the stock of Carpenter Technology is held by insiders.Percentage Held by Institutions92.03% of the stock of Carpenter Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Carpenter Technology's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Carpenter Technology are expected to grow by 22.25% in the coming year, from $4.18 to $5.11 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Carpenter Technology is 41.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.05.Price to Earnings Ratio vs. SectorThe P/E ratio of Carpenter Technology is 41.76, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 148.39.Price to Book Value per Share RatioCarpenter Technology has a P/B Ratio of 3.63. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Carpenter Technology's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaShocking $16T Elon Musk Crypto LeakReports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.Click here now to get your copy. About Carpenter Technology Stock (NYSE:CRS)Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. 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 additives, and metal powders and parts. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets. The company was founded in 1889 and is headquartered in Philadelphia, Pennsylvania.Read More CRS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CRS Stock News HeadlinesMay 11, 2024 | insidertrades.comCarpenter Technology Co. (NYSE:CRS) VP Sells $445,518.34 in StockMay 8, 2024 | insidertrades.comCarpenter Technology Co. (NYSE:CRS) VP Elizabeth A. Socci Sells 802 SharesMay 8, 2024 | insidertrades.comCarpenter Technology Co. (NYSE:CRS) Director Steven E. Karol Sells 31,000 SharesMay 15, 2024 | americanbankingnews.comCritical Comparison: Carpenter Technology (NYSE:CRS) vs. Metallus (NYSE:MTUS)May 12, 2024 | fool.com3 Industrial Stocks to Buy at a DiscountMay 12, 2024 | americanbankingnews.comMarshall D. Akins Sells 4,358 Shares of Carpenter Technology Co. (NYSE:CRS) StockMay 10, 2024 | americanbankingnews.comCarpenter Technology (NYSE:CRS) PT Raised to $140.00 at BenchmarkMay 9, 2024 | americanbankingnews.comElizabeth A. Socci Sells 802 Shares of Carpenter Technology Co. (NYSE:CRS) StockMay 9, 2024 | americanbankingnews.comCarpenter Technology (NYSE:CRS) Sets New 12-Month High After Analyst UpgradeMay 8, 2024 | markets.businessinsider.comBenchmark Co. Reaffirms Their Buy Rating on Carpenter Technology (CRS)May 8, 2024 | finance.yahoo.comThe Zacks Rank Explained: How to Find Strong Buy Basic Materials StocksMay 6, 2024 | fool.comHere's Why Carpenter Technology Shares Soared Again in AprilMay 4, 2024 | investorplace.comDon't Wait for Fed to Cut Rates. Profit Now!May 3, 2024 | fool.comHere's Why This Aerospace Supplier Surged This WeekMay 3, 2024 | finance.yahoo.comCarpenter Technology Corp (CRS) Q3 Earnings: Surpasses Analyst Expectations with Strong PerformanceMay 2, 2024 | finance.yahoo.comCarpenter Technology Corp (CRS) (Q3 2024) Earnings Call Transcript Highlights: Strong ...May 2, 2024 | finance.yahoo.comCarpenter Technology Third Quarter 2024 Earnings: Misses ExpectationsMay 2, 2024 | gurufocus.comQ3 2024 Carpenter Technology Corp Earnings Call TranscriptMay 2, 2024 | finance.yahoo.comQ3 2024 Carpenter Technology Corp Earnings CallMay 1, 2024 | seekingalpha.comCarpenter Technology Corporation 2024 Q3 - Results - Earnings Call PresentationMay 1, 2024 | msn.comCarpenter Technology reports mixed results; initiates Q4, FY24 and beyond outlookMay 1, 2024 | markets.businessinsider.comCarpenter Technology Corp. Q3 Profit Decreases, but beats estimatesMay 1, 2024 | globenewswire.comCarpenter Technology Reports Third Quarter Fiscal Year 2024 ResultsApril 30, 2024 | markets.businessinsider.comHere's what Wall Street expects from Carpenter Technology's earningsApril 30, 2024 | msn.comCarpenter Technology FQ3 2024 Earnings PreviewSee More Headlines Receive CRS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Carpenter Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 3/7 Dividend1/29/2024Dividend Payable3/07/2024Ex-Dividend for 6/6 Dividend4/22/2024Last Earnings5/01/2024Today5/18/2024Dividend Payable6/06/2024Fiscal Year End6/30/2024Next Earnings (Estimated)7/25/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorBasic Materials Industry Blast furnaces & steel mills Sub-IndustrySteel Current SymbolNYSE:CRS CUSIP14428510 CIK17843 Webwww.carpentertechnology.com Phone(610) 208-2000Fax610-208-3716Employees4,500Year FoundedN/APrice Target and Rating Average Stock Price Target$109.67 High Stock Price Target$140.00 Low Stock Price Target$73.00 Potential Upside/Downside-0.1%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.63 Trailing P/E Ratio41.76 Forward P/E Ratio26.28 P/E GrowthN/ANet Income$56.40 million Net Margins4.83% Pretax Margin6.11% Return on Equity12.75% Return on Assets5.93% Debt Debt-to-Equity Ratio0.46 Current Ratio3.20 Quick Ratio1.45 Sales & Book Value Annual Sales$2.55 billion Price / Sales2.14 Cash Flow$3.86 per share Price / Cash Flow28.49 Book Value$30.29 per share Price / Book3.63Miscellaneous Outstanding Shares49,610,000Free Float47,921,000Market Cap$5.45 billion OptionableOptionable Beta1.47 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Tony R. Thene (Age 64)President, CEO & Director Comp: $2.65MMr. Timothy Lain (Age 52)Senior VP & CFO Comp: $1.1MMr. Brian J. Malloy (Age 57)Senior VP & COO Comp: $1.02MMr. James D. Dee (Age 66)Senior VP, General Counsel, Secretary, Chief Governance Officer & Chief Compliance Officer Comp: $876.76kMs. Elizabeth A. SocciVP, Controller & Chief Accounting OfficerDr. Suniti MoudgilChief Technology OfficerMr. John HuyetteVP of Corporate Development & Investor RelationsMs. Rachelle H. ThompsonVP & Chief Human Resources OfficerMr. Joseph E. Haniford (Age 65)Senior Vice President of Continuous Improvement Comp: $806.26kMr. Shakthimani LogasundaramChief Digital OfficerMore ExecutivesKey CompetitorsCommercial MetalsNYSE:CMCUnited States SteelNYSE:XTerniumNYSE:TXArcelorMittalNYSE:MTArcadium LithiumNYSE:ALTMView All CompetitorsInsiders & InstitutionsCastleark Management LLCSold 9,450 shares on 5/17/2024Ownership: 0.144%Comerica BankBought 42,449 shares on 5/17/2024Ownership: 0.136%Tidal Investments LLCSold 1,815 shares on 5/17/2024Ownership: 0.006%Walleye Trading LLCSold 2,100 shares on 5/17/2024Ownership: 0.000%California State Teachers Retirement SystemSold 2,510 shares on 5/16/2024Ownership: 0.099%View All Insider TransactionsView All Institutional Transactions CRS Stock Analysis - Frequently Asked Questions Should I buy or sell Carpenter Technology stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carpenter Technology in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CRS shares. View CRS analyst ratings or view top-rated stocks. What is Carpenter Technology's stock price target for 2024? 3 equities research analysts have issued 12 month target prices for Carpenter Technology's shares. Their CRS share price targets range from $73.00 to $140.00. On average, they anticipate the company's stock price to reach $109.67 in the next year. This suggests that the stock has a possible downside of 0.1%. View analysts price targets for CRS or view top-rated stocks among Wall Street analysts. How have CRS shares performed in 2024? Carpenter Technology's stock was trading at $70.80 on January 1st, 2024. Since then, CRS stock has increased by 55.1% and is now trading at $109.83. View the best growth stocks for 2024 here. Are investors shorting Carpenter Technology? Carpenter Technology saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,620,000 shares, an increase of 11.7% from the April 15th total of 1,450,000 shares. Based on an average trading volume of 538,900 shares, the days-to-cover ratio is presently 3.0 days. View Carpenter Technology's Short Interest. When is Carpenter Technology's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024. View our CRS earnings forecast. How were Carpenter Technology's earnings last quarter? Carpenter Technology Co. (NYSE:CRS) released its earnings results on Wednesday, May, 1st. The basic materials company reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.25. The basic materials company earned $684.90 million during the quarter, compared to analyst estimates of $707.73 million. Carpenter Technology had a net margin of 4.83% and a trailing twelve-month return on equity of 12.75%. The business's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 EPS. How often does Carpenter Technology pay dividends? What is the dividend yield for Carpenter Technology? Carpenter Technology declared a quarterly dividend on Friday, April 12th. Investors of record on Tuesday, April 23rd will be given a dividend of $0.20 per share on Thursday, June 6th. This represents a $0.80 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Monday, April 22nd. This is an increase from the stock's previous quarterly dividend of $0.18. Read our dividend analysis for CRS. Is Carpenter Technology a good dividend stock? Carpenter Technology (NYSE:CRS) pays an annual dividend of $0.80 per share and currently has a dividend yield of 0.73%. The dividend payout ratio is 30.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRS will have a dividend payout ratio of 15.66% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CRS. What ETFs hold Carpenter Technology's stock? ETFs with the largest weight of Carpenter Technology (NYSE:CRS) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM), Innovator IBD Breakout Opportunities ETF (BOUT), VanEck Steel ETF (SLX), Subversive Decarbonization ETF (DKRB), SPDR S&P Metals & Mining ETF (XME), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), Direxion Daily Metals & Mining Bull 2X Shares (MNM) and SPDR S&P 600 Small Cap Growth ETF (SLYG). What is Tony Thene's approval rating as Carpenter Technology's CEO? 87 employees have rated Carpenter Technology Chief Executive Officer Tony Thene on Glassdoor.com. Tony Thene has an approval rating of 35% among the company's employees. This puts Tony Thene in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 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 major shareholders? Carpenter Technology's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.46%), Bayberry Capital Partners LP (1.01%), Hennessy Advisors Inc. (0.93%), Mirae Asset Global Investments Co. Ltd. (0.60%), Principal Financial Group Inc. (0.57%) and First Eagle Investment Management LLC (0.30%). Insiders that own company stock include Brian J Malloy, Charles Douglas Mclane Jr, Elizabeth A Socci, Marshall D Akins and Steven E Karol. View institutional ownership trends. How do I buy shares of Carpenter Technology? Shares of CRS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:CRS) was last updated on 5/19/2024 by MarketBeat.com Staff From Our PartnersBuy this small stock before coming AI Tidal WaveChaikin AnalyticsCEO of Biggest AI Chipmaker Just Dropped a Bombshell…Banyan Hill PublishingDems have chosen Biden replacement?Paradigm PressForget Bitcoin: This $8 Stock Is the Next Big ThingBehind the MarketsShocking $16T Elon Musk Crypto LeakCrypto 101 MediaExposed: 10 CENT Crypto to Explode May 20th?True Market InsidersA letter is coming from the "Bureau of the Fiscal Service".Stansberry ResearchHow Biden has already won 2024Porter & Company Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Carpenter Technology Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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