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Carpenter Technology Corp. (NYSE: CRS) closed the day trading at $103.55 up 0.98% from the previous closing price of $102.54. In other words, the price has increased by $0.98 from its previous closing price. On the day, 0.76 million shares were traded. CRS stock price reached its highest trading level at $106.71 during the session, while it also had its lowest trading level at $101.825.
Ratios:
For a better understanding of CRS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 96.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.44. 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.
On August 25, 2023, Northcoast started tracking the stock assigning a Buy rating and target price of $73.
Cowen Upgraded its Market Perform to Outperform on September 12, 2022, while the target price for the stock was maintained at $45.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 06 ’24 when SOCCI ELIZABETH A sold 802 shares for $102.11 per share. The transaction valued at 81,892 led to the insider holds 11,509 shares of the business.
KAROL STEVEN E sold 31,000 shares of CRS for $3,117,608 on May 03 ’24. The Director now owns 244,126 shares after completing the transaction at $100.57 per share. On Nov 07 ’23, another insider, MCLANE CHARLES DOUGLAS JR, who serves as the Director of the company, sold 3,791 shares for $66.42 each. As a result, the insider received 251,798 and left with 6,459 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 5136939520 and an Enterprise Value of 5735831552. As of this moment, Carpenter’s Price-to-Earnings (P/E) ratio for their current fiscal year is 39.45, and their Forward P/E ratio for the next fiscal year is 18.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.89 while its Price-to-Book (P/B) ratio in mrq is 3.41. Its current Enterprise Value per Revenue stands at 2.109 whereas that against EBITDA is 14.459.
Stock Price History:
Over the past 52 weeks, CRS has reached a high of $104.85, while it has fallen to a 52-week low of $44.40. The 50-Day Moving Average of the stock is 37.26%, while the 200-Day Moving Average is calculated to be 53.45%.
Shares Statistics:
Over the past 3-months, CRS traded about 538.74K shares per day on average, while over the past 10 days, CRS traded about 937820 shares per day. A total of 48.64M shares are outstanding, with a floating share count of 48.11M. Insiders hold about 3.03% of the company’s shares, while institutions hold 91.37% stake in the company. Shares short for CRS as of 1713139200 were 1445827 with a Short Ratio of 2.68, compared to 1710460800 on 1199938. Therefore, it implies a Short% of Shares Outstanding of 1445827 and a Short% of Float of 4.0900003.
Dividends & Splits
CRS’s forward annual dividend rate is 0.80, up from 0.8 a year ago. Against a Trailing Annual Dividend Yield of 0.0078018336The stock’s 5-year Average Dividend Yield is 2.19.
