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The price of Carpenter Technology Corp. (NYSE: CRS) closed at $109.48 in the last session, up 0.82% from day before closing price of $108.59. In other words, the price has increased by $0.82 from its previous closing price. On the day, 0.54 million shares were traded. CRS stock price reached its highest trading level at $111.44 during the session, while it also had its lowest trading level at $106.42.
Ratios:
We take a closer look at CRS’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 101.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.07. For the most recent quarter (mrq), Quick Ratio is recorded 1.45 and its Current Ratio is at 3.20. In the meantime, Its Debt-to-Equity ratio is 0.47 whereas as Long-Term Debt/Eq ratio is at 0.46.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BTIG Research on June 26, 2024, initiated with a Buy rating and assigned the stock a target price of $120.
On June 25, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $144.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 21 ’24 when DEE JAMES D sold 23,518 shares for $111.26 per share. The transaction valued at 2,616,660 led to the insider holds 84,798 shares of the business.
KAROL STEVEN E sold 2,445 shares of CRS for $266,201 on May 15 ’24. The Director now owns 180,000 shares after completing the transaction at $108.88 per share. On May 08 ’24, another insider, AKINS MARSHALL D, who serves as the VP Chief Commercial Officer of the company, sold 4,358 shares for $102.23 each. As a result, the insider received 445,518 and left with 23,014 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRS now has a Market Capitalization of 5431116800 and an Enterprise Value of 6080113152. As of this moment, Carpenter’s Price-to-Earnings (P/E) ratio for their current fiscal year is 41.71, and their Forward P/E ratio for the next fiscal year is 18.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.00 while its Price-to-Book (P/B) ratio in mrq is 3.60. Its current Enterprise Value per Revenue stands at 2.236 whereas that against EBITDA is 15.327.
Stock Price History:
The Beta on a monthly basis for CRS is 1.43, which has changed by 0.9267863 over the last 52 weeks, in comparison to a change of 0.23951602 over the same period for the S&P500. Over the past 52 weeks, CRS has reached a high of $112.75, while it has fallen to a 52-week low of $54.67. The 50-Day Moving Average of the stock is 4.50%, while the 200-Day Moving Average is calculated to be 41.83%.
Shares Statistics:
According to the various share statistics, CRS traded on average about 669.04K shares per day over the past 3-months and 776790 shares per day over the past 10 days. A total of 48.64M shares are outstanding, with a floating share count of 47.16M. Insiders hold about 4.94% of the company’s shares, while institutions hold 90.65% stake in the company. Shares short for CRS as of 1718323200 were 1300193 with a Short Ratio of 1.79, compared to 1715731200 on 1464468. Therefore, it implies a Short% of Shares Outstanding of 1300193 and a Short% of Float of 3.66.
Dividends & Splits
The forward annual dividend rate for CRS is 0.80, which was 0.8 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.007367161The stock’s 5-year Average Dividend Yield is 2.15. The current Payout Ratio is 70.29% for CRS, which recently paid a dividend on 2024-04-22 with an ex-dividend date of 1713744000. Stock splits for the company last occurred on 2007-11-16 when the company split stock in a 2:1 ratio.
