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Monday, June 5, 2023

Carpenter Technology Corporation (NYSE: CRS) May Be Attracting Institutional Investments

After Hours

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. After-hours trades for Carpenter Technology Corporation (CRS) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $51.60. The Carpenter Technology Corporation has recorded 13,658 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Carpenter Technology Reports Third Quarter Fiscal Year 2023 Results.

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Stocks Info

Carpenter Technology Corporation is listed on the NYSE as a member of the Industrials sector and is a part of the Metal Fabrication industry. At the end of the last regular session, the stock closed at $51.60 and fluctuated between $53.10 as its day high and $51.12 as its day low. The current market capitalization of Carpenter Technology Corporation is $2.56B. A total of 0.51 million shares were traded on the day, compared to an average of 407.82K shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CRS has seen 4 BUY and 1 SELL insider trades, representing the acquisition of 5,722 and the disposition of 5,722 shares. Over the last 12 months, there were 20 BUYs and 33 SELLs from insiders. Insiders purchased 122,496 shares during that period but sold 48,067.

In the most recent transaction, SOCCI ELIZABETH A sold 5,722 shares of CRS for 50.56 per share on Feb 14. After the transaction, the VP & Chief Accounting Officer now owns 11,755 company shares.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. CRS’s most recent ex-dividend date was 5/1/2023 when it declared a $0.20 quarterly dividend that was paid in cash on 6/1/2023. Previously, the company paid the dividend on 3/2/2023 with an ex-dividend date of 1/30/2023. The CRS stock dividend was $0.20 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CRS in the last 3 months, the mean price target is $60.00 with high estimates of $60.00 and low estimates of $60.00. In terms of 52-week highs and lows, CRS has a high of $54.18 and a low of $24.76.

As of this writing, CRS has an earnings estimate of $0.64 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.67 per share and a lower estimate of $0.61. The company reported an EPS of $0.13 in the last quarter, which was 8.30% higher than expectations of $0.12.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CRS’s latest balance sheet shows that the firm has $154.20M in Cash & Short Term Investments as of fiscal 2022. There were $691.80M in debt and $375.60M in liabilities at the time. Its Book Value Per Share was $27.20, while its Total Shareholder’s Equity was $1.33B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 4 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. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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