Carpenter Technology Corp (NYSE: CRS) is 145.76% higher on its value in year-to-date trading and has touched a low of $58.87 and a high of $198.24 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CRS stock was last observed hovering at around $172.61 in the last trading session, with the day’s gains setting it 1.91%.
Currently trading at $174.52, the stock is -4.44% and 0.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing 1.11% at the moment leaves the stock 34.81% off its SMA200. CRS registered 143.46% gain for a year compared to 6-month gain of 64.00%. The firm has a 50-day simple moving average (SMA 50) of $173.6118 and a 200-day simple moving average (SMA200) of $128.9181.
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The stock witnessed a -8.89% loss in the last 1 month and extending the period to 3 months gives it a 7.55%, and is 0.83% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.51% over the week and 3.33% over the month.
Carpenter Technology Corp (CRS) has around 4600 employees, a market worth around $8.67B and $2.83B in sales. Current P/E ratio is 38.75 and Fwd P/E is 21.47. Profit margin for the company is 8.03%. Distance from 52-week low is 196.46% and -11.97% from its 52-week high. The company has generated returns on investments over the last 12 months (9.64%).
with sales reaching $726.69M over the same period.The EPS is expected to grow by 46.87% this year, but quarterly earnings will post 9.31% year-over-year. Quarterly sales are estimated to grow 16.42% in year-over-year returns.
Carpenter Technology Corp (CRS) Top Institutional Holders
520.0 institutions hold shares in Carpenter Technology Corp (CRS), with institutional investors hold 97.36% of the company’s shares. The shares outstanding are 49.84M, and float is at 47.29M with Short Float at 5.67%. Institutions hold 95.16% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.63 million shares valued at $836.03 million. The investor’s holdings represent 15.351% of the CRS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.56 million shares valued at $608.85 million to account for 11.1795 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 3.03 million shares representing 6.1008% and valued at over $332.25 million, while STATE STREET CORP holds 5.6699 of the shares totaling 2.82 million with a market value of $308.79 million.
Carpenter Technology Corp (CRS) Insider Activity
The most recent transaction is an insider sale by LAIN TIMOTHY, the company’s SVP and CFO. SEC filings show that LAIN TIMOTHY sold 3,250 shares of the company’s common stock on Nov 20 ’24 at a price of $183.10 per share for a total of $0.6 million. Following the sale, the insider now owns 95038.0 shares.
Carpenter Technology Corp disclosed in a document filed with the SEC on Nov 20 ’24 that Thene Tony R (President and CEO) sold a total of 28,500 shares of the company’s common stock. The trade occurred on Nov 20 ’24 and was made at $181.10 per share for $5.16 million. Following the transaction, the insider now directly holds 0.49 million shares of the CRS stock.
Still, SEC filings show that on Nov 19 ’24, Younessi Ramin (Director) disposed off 422 shares at an average price of $181.20 for $76465.0. The insider now directly holds 4,499 shares of Carpenter Technology Corp (CRS).
