Carpenter Technology (CRS) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $180.44 to $187.03
• 50-Day Range: $139.60 to $184.68
• 52-Week Range: $58.87 to $187.03
• Volume: 642,908 shs
• Average Volume: 590,785 shs
• Market Capitalization: $9.01 billion
• P/E Ratio: 40.25
• Dividend Yield: 0.44%
• Price Target: $139.60
• Consensus Rating: Moderate Buy

Carpenter Technology Stock Analysis - MarketRank™

Carpenter Technology scored higher than 79% of companies evaluated by MarketBeat, and ranked 63rd out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Carpenter Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 4 buy ratings, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Carpenter Technology has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 10.63%

Earnings Growth

Earnings for Carpenter Technology are expected to grow by 10.63% in the coming year, from $6.68 to $7.39 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Carpenter Technology is 40.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Carpenter Technology is 40.25, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 118.21.

Price to Earnings Growth Ratio

Carpenter Technology has a PEG Ratio of 0.88. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Carpenter Technology has a P/B Ratio of 5.51. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.58% of the float of Carpenter Technology has been sold short.

Short Interest Ratio / Days to Cover

Carpenter Technology has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Carpenter Technology has recently increased by 27.06%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Carpenter Technology has a dividend yield of 0.46%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Carpenter Technology does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Carpenter Technology is 17.82%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Carpenter Technology will have a dividend payout ratio of 10.83% next year. This indicates that Carpenter Technology will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -4.97

Percentage of Shares Shorted

4.58% of the float of Carpenter Technology has been sold short.

Short Interest Ratio / Days to Cover

Carpenter Technology has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Carpenter Technology has recently increased by 27.06%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.12

News Sentiment

Carpenter Technology has a news sentiment score of 1.12. 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 0.52 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Carpenter Technology this week, compared to 6 articles on an average week.

Search Interest

11 people have searched for CRS on MarketBeat in the last 30 days. This is an increase of 450% compared to the previous 30 days.

MarketBeat Follows

Only 8 people have added Carpenter Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Carpenter Technology insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.90% of the stock of Carpenter Technology is held by insiders.

Percentage Held by Institutions

92.03% of the stock of Carpenter Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CRS Stock Analysis - Frequently Asked Questions

How have CRS shares performed this year?

Carpenter Technology's stock was trading at $70.80 at the beginning of the year. Since then, CRS shares have increased by 155.3% and is now trading at $180.73.
View the best growth stocks for 2024 here.

How were Carpenter Technology's earnings last quarter?

Carpenter Technology Co. (NYSE:CRS) released its earnings results on Thursday, October, 24th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.58 by $0.15. The firm's revenue was up 10.1% compared to the same quarter last year.

Who are Carpenter Technology's major shareholders?

Carpenter Technology's top institutional investors include FMR LLC (6.95%), State Street Corp (5.09%), Geode Capital Management LLC (2.21%) and Charles Schwab Investment Management Inc. (1.54%). Insiders that own company stock include Steven E Karol, James D Dee, Brian J Malloy, Marshall D Akins, Elizabeth A Socci and Charles Douglas Mclane Jr.
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.

What other stocks do shareholders of Carpenter Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Carpenter Technology investors own include Humana (HUM), American Water Works (AWK), NVIDIA (NVDA), Voyager Therapeutics (VYGR), TotalEnergies (TTE), Waste Connections (WCN) and The RMR Group (RMR).

Company Calendar

• Ex-Dividend for 9/5 Dividend: 8/27/2024
• Dividend Payable: 9/05/2024
• Ex-Dividend for 12/5 Dividend: 10/22/2024
• Last Earnings: 10/24/2024
• Today: 11/21/2024
• Dividend Payable: 12/05/2024
• Next Earnings (Estimated): 1/23/2025
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Blast furnaces & steel mills
• Sub-Industry: Steel
• Current Symbol: NYSE:CRS
• CUSIP: 14428510
• CIK: 17843
• Web: www.carpentertechnology.com
• Phone: (610) 208-2000
• Fax: 610-208-3716
• Employees: 4,600
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $139.60
• High Stock Price Target: $175.00
• Low Stock Price Target: $89.00
• Potential Upside/Downside: -22.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.49
• Trailing P/E Ratio: 40.25
• Forward P/E Ratio: 27.06
• P/E Growth: 0.88
• Net Income: $186.50 million
• Net Margins: 8.05%
• Pretax Margin: 9.22%
• Return on Equity: 18.01%
• Return on Assets: 8.76%

Debt

• Debt-to-Equity Ratio: 0.42
• Current Ratio: 3.84
• Quick Ratio: 2.00

Sales & Book Value

• Annual Sales: $2.76 billion
• Price / Sales: 3.26
• Cash Flow: $8.04 per share
• Price / Cash Flow: 22.49
• Book Value: $32.83 per share
• Price / Book: 5.51

Miscellaneous

• Outstanding Shares: 49,850,000
• Free Float: 48,399,000
• Market Cap: $9.01 billion
• Optionable: Optionable
• Beta: 1.46