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: $204.37 to $211.25
• 50-Day Range: $165.27 to $212.70
• 52-Week Range: $62.99 to $213.65
• Volume: 125,810 shs
• Average Volume: 746,464 shs
• Market Capitalization: $10.08 billion
• P/E Ratio: 38.36
• Dividend Yield: 0.40%
• Price Target: $156.33
• Consensus Rating: Moderate Buy

Carpenter Technology Stock Analysis - MarketRank™

Carpenter Technology scored higher than 74% of companies evaluated by MarketBeat, and ranked 78th out of 188 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 2.67, and is based on 5 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: 3.1 / 5
• Proj. Earnings Growth: 16.84%

Earnings Growth

Earnings for Carpenter Technology are expected to grow by 16.84% in the coming year, from $6.83 to $7.98 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Carpenter Technology is 38.95, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 21.25.

Price to Earnings Ratio vs. Sector

The P/E ratio of Carpenter Technology is 38.95, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 91.53.

Price to Earnings Growth Ratio

Carpenter Technology has a PEG Ratio of 0.98. PEG Ratios around 1 indicate that a company is correctly valued.

Price to Book Value per Share Ratio

Carpenter Technology has a P/B Ratio of 6.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.90% 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 3.5, 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 11.60%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Carpenter Technology has a dividend yield of 0.38%, 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 15.09%. 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 10.03% 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: -4.93

Percentage of Shares Shorted

5.90% 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 3.5, 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 11.60%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 1.08

News Sentiment

Carpenter Technology has a news sentiment score of 1.08. 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 0.55 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 20 news articles for Carpenter Technology this week, compared to 7 articles on an average week.

Search Interest

16 people have searched for CRS on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.

MarketBeat Follows

42 people have added Carpenter Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 425% 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 $169.71 on January 1st, 2025. Since then, CRS shares have increased by 21.9% and is now trading at $206.8840.
View the best growth stocks for 2025 here.

How were Carpenter Technology's earnings last quarter?

Carpenter Technology Co. (NYSE:CRS) issued its earnings results on Thursday, January, 30th. The basic materials company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.08. Carpenter Technology had a trailing twelve-month return on equity of 19.88% and a net margin of 9.34%.

Who are Carpenter Technology's major shareholders?

Top institutional shareholders of Carpenter Technology include Vanguard Group Inc. (10.51%), FMR LLC (8.90%), Dimensional Fund Advisors LP (3.45%) and Invesco Ltd. (3.08%). 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.

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 12/5 Dividend: 10/22/2024
• Dividend Payable: 12/05/2024
• Ex-Dividend for 3/6 Dividend: 1/28/2025
• Last Earnings: 1/30/2025
• Today: 2/21/2025
• Dividend Payable: 3/06/2025
• Next Earnings (Estimated): 5/07/2025
• 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: $156.33
• High Stock Price Target: $240.00
• Low Stock Price Target: $89.00
• Potential Upside/Downside: -24.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.30
• Trailing P/E Ratio: 39.28
• Forward P/E Ratio: 30.48
• P/E Growth: 0.96
• Net Income: $186.50 million
• Net Margins: 9.34%
• Pretax Margin: 10.78%
• Return on Equity: 19.88%
• Return on Assets: 9.92%

Debt

• Debt-to-Equity Ratio: 0.40
• Current Ratio: 3.80
• Quick Ratio: 1.92

Sales & Book Value

• Annual Sales: $2.76 billion
• Price / Sales: 3.77
• Cash Flow: $7.89 per share
• Price / Cash Flow: 26.37
• Book Value: $34.37 per share
• Price / Book: 6.06

Miscellaneous

• Outstanding Shares: 49,950,000
• Free Float: 48,500,000
• Market Cap: $10.40 billion
• Optionable: Optionable
• Beta: 1.54