Carpenter Technology Corp. (CRS): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Metal Fabrication industry segment, falling under the Industrials sector. The current market capitalization of Carpenter Technology Corp. is $6.98B. A total of 0.59 million shares were traded on the day, compared to an average of 757.74K shares.

In the most recent transaction, DEE JAMES D sold 23,518 shares of CRS for 111.26 per share on May 21 ’24. After the transaction, the SVP Gen Counsel & Sec now owns 84,798 company shares. In a previous transaction on May 15 ’24, KAROL STEVEN E sold 2,445 shares at 108.88 per share. CRS shares that Director owns now total 180,000.

Among the insiders who sold shares, AKINS MARSHALL D disposed of 4,358 shares on May 08 ’24 at a per-share price of $102.23. This resulted in the VP Chief Commercial Officer holding 23,014 shares of CRS after the transaction. In another insider transaction, SOCCI ELIZABETH A sold 802 shares at $102.11 per share on May 06 ’24. Company shares held by the VP, Contr & Ch Acctg Officer now total 11,509.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Carpenter Technology Corp. pays an annual dividend of $0.80, resulting in a dividend yield of 0.57%, and it has a price to earnings (P/E) ratio of 38.04. CRS’s most recent ex-dividend date was 4/22/2024 when it declared a $0.20 quarterly dividend that was paid in cash on 6/6/2024. Previously, the company paid the dividend on 3/7/2024 with an ex-dividend date of 1/29/2024. The CRS stock dividend was $0.20 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CRS has a high of $144.40 and a low of $56.42.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CRS’s latest balance sheet shows that the firm has $154.20M in Cash & Short Term Investments as of fiscal 2022. There were $701.70M in debt and $375.60M in liabilities at the time. Its Book Value Per Share was $30.40, while its Total Shareholder’s Equity was $1.33B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CRS is Buy with a score of 4.00.

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