Carpenter Technology Stock Today

CRS Stock  USD 65.79  0.25  0.38%   

Performance

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Odds Of Distress

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Carpenter Technology is selling for under 65.79 as of the 19th of March 2024; that is -0.38 percent decrease since the beginning of the trading day. The stock's lowest day price was 65.26. Carpenter Technology has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for Carpenter Technology are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of November 2022 and ending today, the 19th of March 2024. Click here to learn more.
Business Domain
Materials
IPO Date
5th of November 1987
Category
Industrials
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. The company was founded in 1889 and is headquartered in Philadelphia, Pennsylvania. The company has 49.41 M outstanding shares of which 1.16 M shares are currently shorted by investors with about 2.53 days to cover. More on Carpenter Technology

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Moving against Carpenter Stock

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  0.54LQMT Liquidmetal TechnologiesPairCorr

Carpenter Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Carpenter Technology's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Carpenter Technology or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOTony Thene
Thematic IdeaSteel Works Etc (View all Themes)
Old Names[Cardiff Energy Corp., Copernicus Securities S.A.]
Business ConcentrationMetals & Mining, Metal Fabrication, Industrials, NYSE Composite, SP Small-Cap 600, Steel Works Etc, Materials, Metals & Mining, Metal Fabrication, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Carpenter Technology report their recommendations after researching Carpenter Technology's financial statements, talking to executives and customers, or listening in on Carpenter Technology's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Carpenter Technology. The Carpenter consensus assessment is calculated by taking the average forecast from all of the analysts covering Carpenter Technology.
Financial Strength
Based on the key measurements obtained from Carpenter Technology's financial statements, Carpenter Technology may be sliding down financialy. It has an above-average likelihood of going through some form of financial trouble next quarter. Financial strength of Carpenter Technology is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.860.96
Moderately Down
Pretty Stable
Gross Profit Margin0.240.15
Way Up
Slightly volatile
Net Debt783.1 M745.8 M
Sufficiently Up
Slightly volatile
Total Current Liabilities297.6 M528.3 M
Way Down
Pretty Stable
Non Current Liabilities Total820.1 M1.4 B
Way Down
Slightly volatile
Total AssetsB3.5 B
Way Down
Slightly volatile
Total Current Assets783.6 M1.5 B
Way Down
Slightly volatile
Total Cash From Operating Activities16.1 M16.9 M
Notably Down
Slightly volatile
Carpenter Technology's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Carpenter Technology's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Carpenter Technology's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Carpenter Technology's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Carpenter Technology's financial leverage. It provides some insight into what part of Carpenter Technology's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Carpenter Technology's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Carpenter Technology deploys its capital and how much of that capital is borrowed.
Liquidity
Carpenter Technology cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 693 M in debt with debt to equity (D/E) ratio of 0.57, which is OK given its current industry classification. Carpenter Technology has a current ratio of 2.74, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Carpenter Technology until it has trouble settling it off, either with new capital or with free cash flow. So, Carpenter Technology's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Carpenter Technology sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Carpenter to invest in growth at high rates of return. When we think about Carpenter Technology's use of debt, we should always consider it together with cash and equity.

Dividends Paid

31.54 Million
Carpenter Technology (CRS) is traded on New York Stock Exchange in USA. It is located in 1735 Market Street, Philadelphia, PA, United States, 19103 and employs 4,500 people. Carpenter Technology is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 3.26 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Carpenter Technology's market, we take the total number of its shares issued and multiply it by Carpenter Technology's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Carpenter Technology runs under Metals & Mining sector within Materials industry. The entity has 49.41 M outstanding shares of which 1.16 M shares are currently shorted by investors with about 2.53 days to cover. Carpenter Technology has about 44.5 M in cash with 14.7 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.09.
Check Carpenter Technology Probability Of Bankruptcy
Ownership Allocation
Carpenter Technology holds a total of 49.41 Million outstanding shares. The majority of Carpenter Technology outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Carpenter Technology to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Carpenter Technology. Please pay attention to any change in the institutional holdings of Carpenter Technology as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Carpenter Ownership Details

Carpenter Stock Price Odds Analysis

Attributed to a normal probability distribution, the odds of Carpenter Technology jumping above the current price in 90 days from now is about 48.83%. The Carpenter Technology probability density function shows the probability of Carpenter Technology stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 2.0039 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Carpenter Technology will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Carpenter Technology is significantly underperforming NYSE Composite.
  Odds Below 65.79HorizonTargetOdds Above 65.79
50.89%90 days
 65.79 
48.83%
Based on a normal probability distribution, the odds of Carpenter Technology to move above the current price in 90 days from now is about 48.83 (This Carpenter Technology probability density function shows the probability of Carpenter Stock to fall within a particular range of prices over 90 days) .

Carpenter Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Carpenter Technology that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Carpenter Technology's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Carpenter Technology's value.
InstituionRecorded OnShares
Northern Trust Corp2023-12-31
697.3 K
Emerald Advisers, Llc2023-12-31
674.6 K
Charles Schwab Investment Management Inc2023-12-31
634.5 K
Morgan Stanley - Brokerage Accounts2023-12-31
582.9 K
Emerald Mutual Fund Advisers Trust2023-12-31
565 K
Thrivent Financial For Lutherans2023-12-31
481.2 K
Driehaus Capital Management Llc2023-12-31
478.3 K
Granite Investment Partners, Llc2023-12-31
470 K
Balyasny Asset Management Llc2023-12-31
465.6 K
Blackrock Inc2023-12-31
7.9 M
Vanguard Group Inc2023-12-31
5.7 M
View Carpenter Technology Diagnostics

Carpenter Technology Historical Income Statement

Carpenter Technology Income Statement is one of the three primary financial statements used for reporting Carpenter's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Carpenter Technology revenue and expense. Carpenter Technology Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Carpenter Technology's Interest Income is comparatively stable compared to the past year. View More Fundamentals

Carpenter Stock Against Markets

Picking the right benchmark for Carpenter Technology stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Carpenter Technology stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Carpenter Technology is critical whether you are bullish or bearish towards Carpenter Technology at a given time. Please also check how Carpenter Technology's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Carpenter Technology without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Carpenter Technology Corporate Directors

Carpenter Technology corporate directors refer to members of a Carpenter Technology board of directors. The board of directors generally takes responsibility for the Carpenter Technology's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Carpenter Technology's board members must vote for the resolution. The Carpenter Technology board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Viola AcoffIndependent DirectorProfile
Peter StephansIndependent DirectorProfile
Stephen WardIndependent DirectorProfile
Robert McMasterIndependent DirectorProfile

How to buy Carpenter Stock?

Before investing in Carpenter Technology, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Carpenter Technology. To buy Carpenter Technology stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Carpenter Technology. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Carpenter Technology stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Carpenter Technology stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Carpenter Technology stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Carpenter Technology, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Carpenter Stock please use our How to Invest in Carpenter Technology guide.

Already Invested in Carpenter Technology?

The danger of trading Carpenter Technology is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Carpenter Technology is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Carpenter Technology. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Carpenter Technology is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Carpenter Technology is a strong investment it is important to analyze Carpenter Technology's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Carpenter Technology's future performance. For an informed investment choice regarding Carpenter Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carpenter Technology. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Carpenter Stock please use our How to Invest in Carpenter Technology guide.
You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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When running Carpenter Technology's price analysis, check to measure Carpenter Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carpenter Technology is operating at the current time. Most of Carpenter Technology's value examination focuses on studying past and present price action to predict the probability of Carpenter Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carpenter Technology's price. Additionally, you may evaluate how the addition of Carpenter Technology to your portfolios can decrease your overall portfolio volatility.
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Is Carpenter Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Carpenter Technology. If investors know Carpenter will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Carpenter Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
5.8
Dividend Share
0.8
Earnings Share
2.89
Revenue Per Share
55.43
Quarterly Revenue Growth
0.078
The market value of Carpenter Technology is measured differently than its book value, which is the value of Carpenter that is recorded on the company's balance sheet. Investors also form their own opinion of Carpenter Technology's value that differs from its market value or its book value, called intrinsic value, which is Carpenter Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Carpenter Technology's market value can be influenced by many factors that don't directly affect Carpenter Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Carpenter Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carpenter Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carpenter Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.