Carpenter Story

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CRS -- USA Stock  

USD 29.61  2.71  10.07%

Carpenter Technology Working Capital is relatively stable at the moment as compared to the past year. Carpenter Technology reported last year Working Capital of 814.2 Million. As of 10/22/2020, Interest Coverage is likely to grow to 1.32, while Average Assets are likely to drop slightly above 3.3 B. While many traders today are more concerned about the preservation of capital over market returns, Carpenter Technology Corporation could be one exception. What exactly are Carpenter Technology shareholders getting in November? This post is to show some fundamental factors affecting Carpenter Technology's products and services. I will also report how it may impact the investing outlook for Carpenter Technology in November.
Published over a month ago
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Should you hold on to your Carpenter Technology position?
Over 93.0% of Carpenter Technology shares are held by institutions such as insurance companies. Institutional ownership of Carpenter Technology refers to the amount of Carpenter Technology equity owned by mutual funds, pension funds, insurance companies, investment firms, foundations, or other large entities that manage money on behalf of others. Check out our latest analysis of Carpenter, including its current ownership diagnostics.

And What about dividends?

A dividend is the distribution of a portion of Carpenter Technology earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. Carpenter Technology dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. Carpenter one year expected dividend income is about $0.47 per share.
As of 12/05/2020, Payment of Dividends and Other Cash Distributions is likely to drop to about (41.9 M). In addition to that, Dividend Yield is likely to drop to 0.0279.
Last ReportedProjected for 2020
Payment of Dividends and Other Cash Distributions-38.8 M-41.9 M
Dividend Yield 0.033  0.0279 
Dividends per Basic Common Share 0.92  0.91 
Investing in dividend-paying stocks, such as Carpenter Technology Corporation is one of the few strategies that are good for long-term investment. Ex-dividend dates are significant because investors in Carpenter Technology must own a stock before its ex-dividend date to receive its next dividend. This type of analysis is very useful when you want to generate a past dividend schedule and payout information for Carpenter Technology. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.

How important is Carpenter Technology's Liquidity

Carpenter Technology financial leverage refers to using borrowed capital as a funding source to finance Carpenter Technology Corporation ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Carpenter Technology financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Carpenter Technology's total debt and its cash.

How Carpenter utilizes its cash?

To perform a cash flow analysis of Carpenter Technology, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Carpenter Technology is receiving and how much cash it distributes out in a given period. The Carpenter Technology cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Carpenter Technology Net Cash Flow from Operations is relatively stable at the moment as compared to the past year. Carpenter Technology reported last year Net Cash Flow from Operations of 231.8 Million

What did Carpenter Technology file with SEC?

The SEC filings are financial statements or other formal documents of Carpenter Technology Corporation that are regularly submitted to the U.S. Securities and Exchange Commission (SEC). Public companies, certain insiders, and broker-dealers are required to make SEC filings and fintech professionals rely on these filings for information about companies they are evaluating for investment purposes. Please note, most SEC filings are available online through the SEC's EDGAR database. Please check here for more information.
Please note, although all public domestic companies are required to submit their filings via EDGAR, not all public companies are available through our service. Also, keep in mind that the actual annual reports to Carpenter shareholders may or may not be submitted as SEC does not always require it.
Financial Statements and Exhibits. Results of Operations and Financial Condition
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Other Events
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Unclassified Corporate Event
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Please note, although all public domestic companies are required to submit their filings via EDGAR, not all public companies are available through our service. Also, keep in mind that the actual annual reports to Carpenter shareholders may or may not be submitted as SEC does not always require it.

What is driving Carpenter Technology Investor Appetite?

Carpenter Technology holds a total of fourty-seven million nine hundred fifty thousand outstanding shares. The majority of Carpenter Technology Corporation 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 Corporation as this could imply that something significant has changed or about to change at the company. Please note that no matter how much 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.
 2017 2018 2019 2020 (projected)
Consolidated Income188.5 M167 M1.5 M1.54 M
Direct Expenses1.78 B1.94 B1.85 B1.67 B

Ownership Breakdown

Retail Investors
5.06%
Institutions
93.02%
Retail Investors5.06
Insiders1.92
Institutions93.02

Carpenter may start a bounce-back in November

Latest maximum drawdown is at 14.7. Carpenter Technology Corporation exhibits very low volatility with skewness of -0.44 and kurtosis of 0.67. However, we advise investors to further study Carpenter Technology Corporation technical indicators to make sure all market info is available and is reliable.

Our Final Takeaway

While some companies in the metal fabrication industry are either recovering or due for a correction, Carpenter Technology may not be performing as strong as the other in terms of long-term growth potentials. While some retail investors may not share our view we believe that the current risk-reward utility is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Carpenter Technology.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of Carpenter Technology Corporation. Please refer to our Terms of Use for any information regarding our disclosure principles.

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