NYSE:CRS Carpenter Technology (CRS) Stock Price, News & Analysis → Gold Set to EXPLODE! (From Gold Safe Exchange) (Ad) Free CRS Stock Alerts $106.50 +2.95 (+2.85%) (As of 03:08 PM ET) Add Compare Share Share Today's Range$103.04▼$106.6950-Day Range$63.65▼$103.6952-Week Range$44.40▼$106.71Volume265,346 shsAverage Volume540,830 shsMarket Capitalization$5.28 billionP/E Ratio40.49Dividend Yield0.75%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/Downside3.0% Upside$109.67 Price TargetShort InterestHealthy3.03% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-4.98Upright™ Environmental ScoreNews Sentiment0.64Based on 24 Articles This WeekInsider TradingSelling Shares$3.20 M Sold Last QuarterProj. Earnings Growth16.12%From $3.97 to $4.61 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.3.57 out of 5 starsBasic Materials Sector63rd out of 175 stocksBlast Furnaces & Steel Mills Industry6th 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 Shorted3.03% of the float of Carpenter Technology has been sold short.Short Interest Ratio / Days to CoverCarpenter Technology has a short interest ratio ("days to cover") of 2.9, 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 34.26%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldCarpenter Technology has a dividend yield of 0.77%, 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 17.35% 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 2.6 News and Social Media Coverage News SentimentCarpenter Technology has a news sentiment score of 0.64. 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 0.39 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 24 news articles for Carpenter Technology this week, compared to 5 articles on an average week.Search InterestOnly 1 people have searched for CRS on MarketBeat in the last 30 days. This is a decrease of -88% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Carpenter Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% 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 $3,199,562.00 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 16.12% in the coming year, from $3.97 to $4.61 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Carpenter Technology is 40.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.60.Price to Earnings Ratio vs. SectorThe P/E ratio of Carpenter Technology is 40.49, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 148.08.Price to Book Value per Share RatioCarpenter Technology has a P/B Ratio of 3.70. 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 Gold Safe ExchangeGold Set to EXPLODE!Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.Click here now to download the free Precious Metals Buying Guide! 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 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 9, 2024 | InvestorPlace (Ad)1970’s computer coder Issues Shocking AI WarningLouis Navellier has spent four decades building a billion-dollar empire on the back of big data and technology… Now he's stepping forward with a shocking warning about how AI will soon impact the wealth of everyday Americans.April 18, 2024 | marketbeat.com3 Steel Stocks Could Soar on New China TariffsA new business cycle is underway for the United States economy, and the manufacturing sector could be in play. This time, it isn't only Wall Street pushing the bets forward but also the current administration's attempt to onshore some global steel and aluminum manufacturing jobs.April 18, 2024 | marketbeat.com3 Steel Stocks Could Soar on New China Tariffs (CRS)As the U.S. looks to return to China tariffs, the domestic steel and aluminum manufacturing industry could push these three stocks to soar.May 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 9, 2024 | InvestorPlace (Ad)1970’s computer coder Issues Shocking AI WarningLouis Navellier has spent four decades building a billion-dollar empire on the back of big data and technology… Now he's stepping forward with a shocking warning about how AI will soon impact the wealth of everyday Americans.May 8, 2024 | finance.yahoo.comThe Zacks Rank Explained: How to Find Strong Buy Basic Materials StocksMay 8, 2024 | americanbankingnews.comNorthcoast Research Reiterates "Neutral" Rating for Carpenter Technology (NYSE:CRS)May 6, 2024 | fool.comHere's Why Carpenter Technology Shares Soared Again in AprilMay 6, 2024 | americanbankingnews.comCarpenter Technology (NYSE:CRS) Given New $116.00 Price Target at TD CowenMay 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 3, 2024 | americanbankingnews.comCarpenter Technology (NYSE:CRS) Shares Gap Up Following Better-Than-Expected EarningsMay 3, 2024 | americanbankingnews.comCarpenter Technology (NYSE:CRS) Hits New 12-Month High on Better-Than-Expected EarningsMay 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 earningsSee 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 Earnings5/01/2024Today5/09/2024Dividend 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+3.3%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.63 Trailing P/E Ratio40.38 Forward P/E Ratio26.75 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$2.72 billion Price / Sales1.94 Cash Flow$3.96 per share Price / Cash Flow26.85 Book Value$28.76 per share Price / Book3.69Miscellaneous Outstanding Shares49,608,000Free Float47,921,000Market Cap$5.27 billion OptionableOptionable Beta1.47 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. 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:TXArcadium LithiumNYSE:ALTMBalchemNASDAQ:BCPCView All CompetitorsInsiders & InstitutionsFirst Eagle Investment Management LLCBought 17,400 shares on 5/9/2024Ownership: 0.301%State Board of Administration of Florida Retirement SystemBought 3,030 shares on 5/9/2024Ownership: 0.034%Foundry Partners LLCSold 351 shares on 5/9/2024Ownership: 0.012%Blair William & Co. ILBought 4,300 shares on 5/9/2024Ownership: 0.009%ProShare Advisors LLCBought 679 shares on 5/8/2024Ownership: 0.020%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 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 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 1-year price targets for Carpenter Technology's stock. Their CRS share price targets range from $73.00 to $140.00. On average, they predict the company's stock price to reach $109.67 in the next year. This suggests a possible upside of 3.0% from the stock's current price. 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 at the beginning of the year. Since then, CRS stock has increased by 50.4% and is now trading at $106.50. 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 15th, there was short interest totaling 1,450,000 shares, an increase of 34.3% from the March 31st total of 1,080,000 shares. Based on an average daily trading volume, of 505,800 shares, the short-interest ratio is presently 2.9 days. Approximately 3.0% of the company's shares are sold short. 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) posted its earnings results on Wednesday, May, 1st. The basic materials company reported $1.19 EPS 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 the consensus estimate of $707.73 million. Carpenter Technology had a trailing twelve-month return on equity of 12.75% and a net margin of 4.83%. Carpenter Technology's revenue was down .8% on a year-over-year basis. During the same quarter in the previous 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. Stockholders 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 dividend yield of 0.75%. The ex-dividend date is Monday, April 22nd. This is a boost 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 0.77%. 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 17.35% 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 Innovator IBD Breakout Opportunities ETF (BOUT), Invesco S&P SmallCap Materials ETF (PSCM), 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 Invesco S&P SmallCap Momentum ETF (XSMO). 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 a variety of retail and institutional investors. Top institutional shareholders include Hennessy Advisors Inc. (0.93%), Mirae Asset Global Investments Co. Ltd. (0.60%), Principal Financial Group Inc. (0.57%), First Eagle Investment Management LLC (0.30%), Assenagon Asset Management S.A. (0.28%) and Raymond James & Associates (0.26%). 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 5/9/2024 by MarketBeat.com Staff From Our PartnersDems have chosen Biden replacement?Paradigm PressThis 1 Biotech Stock has been shocking the marketsHuge AlertsThings Are Not Normal in America – Here’s What to DoStansberry Research1970’s computer coder Issues Shocking AI WarningInvestorPlaceThe 2024 Gold Rush: Unleashing Market PotentialPriority GoldDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsThe A.I. story nobody is telling you (Read ASAP)TradeSmithTrump’s “Tax Free” Retirement Strategy Gold Safe Exchange 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. 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