Carpenter Technology Co. (NYSE:CRS - Free Report) - Research analysts at Zacks Research increased their FY2027 earnings estimates for shares of Carpenter Technology in a report released on Tuesday, April 22nd. Zacks Research analyst S. Deb now forecasts that the basic materials company will post earnings per share of $9.22 for the year, up from their prior estimate of $9.21. The consensus estimate for Carpenter Technology's current full-year earnings is $6.83 per share.
CRS has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their price target on shares of Carpenter Technology from $235.00 to $240.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. BTIG Research set a $230.00 price objective on Carpenter Technology in a report on Friday, January 31st. Finally, Northcoast Research upgraded shares of Carpenter Technology from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Carpenter Technology currently has an average rating of "Moderate Buy" and an average target price of $167.17.
View Our Latest Stock Analysis on CRS
Carpenter Technology Stock Performance
Shares of CRS stock opened at $177.14 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.80 and a quick ratio of 1.92. The company's fifty day moving average price is $183.27 and its two-hundred day moving average price is $181.04. The firm has a market capitalization of $8.85 billion, a P/E ratio of 33.42, a P/E/G ratio of 0.93 and a beta of 1.28. Carpenter Technology has a 12 month low of $77.26 and a 12 month high of $213.66.
Carpenter Technology (NYSE:CRS - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.58 by $0.08. Carpenter Technology had a return on equity of 19.88% and a net margin of 9.34%.
Institutional Trading of Carpenter Technology
Hedge funds have recently bought and sold shares of the company. Morse Asset Management Inc purchased a new stake in shares of Carpenter Technology in the 3rd quarter valued at approximately $84,000. Barclays PLC raised its stake in Carpenter Technology by 471.1% during the 3rd quarter. Barclays PLC now owns 101,745 shares of the basic materials company's stock valued at $16,236,000 after purchasing an additional 83,930 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Carpenter Technology in the third quarter valued at $80,000. Tidal Investments LLC boosted its position in shares of Carpenter Technology by 91.9% in the third quarter. Tidal Investments LLC now owns 21,083 shares of the basic materials company's stock worth $3,364,000 after buying an additional 10,094 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of Carpenter Technology by 9.7% during the third quarter. Franklin Resources Inc. now owns 368,077 shares of the basic materials company's stock valued at $57,891,000 after buying an additional 32,442 shares in the last quarter. 92.03% of the stock is owned by hedge funds and other institutional investors.
Carpenter Technology Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Tuesday, April 22nd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. Carpenter Technology's dividend payout ratio is currently 15.09%.
Carpenter Technology Company Profile
(
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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.
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