Zacks Research Research Analysts Lift Earnings Estimates for Carpenter Technology Co. (NYSE:CRS)

Carpenter Technology Co. (NYSE:CRS) – Investment analysts at Zacks Research raised their FY2024 earnings per share estimates for shares of Carpenter Technology in a report issued on Friday, April 26th. Zacks Research analyst S. Deb now forecasts that the basic materials company will post earnings per share of $3.91 for the year, up from their previous estimate of $3.90. The consensus estimate for Carpenter Technology’s current full-year earnings is $3.97 per share. Zacks Research also issued estimates for Carpenter Technology’s Q3 2025 earnings at $1.09 EPS, FY2025 earnings at $4.21 EPS, Q1 2026 earnings at $1.00 EPS, Q2 2026 earnings at $0.97 EPS, Q3 2026 earnings at $1.18 EPS and FY2026 earnings at $4.55 EPS.

Carpenter Technology Stock Performance

Shares of CRS stock opened at $85.70 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.90 and a quick ratio of 1.26. The firm has a 50-day moving average of $71.49 and a 200-day moving average of $68.19. Carpenter Technology has a one year low of $44.40 and a one year high of $86.79. The company has a market cap of $4.23 billion, a P/E ratio of 29.65 and a beta of 1.56.

Hedge Funds Weigh In On Carpenter Technology

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Carpenter Technology by 0.9% during the third quarter. Vanguard Group Inc. now owns 5,855,711 shares of the basic materials company’s stock valued at $393,562,000 after acquiring an additional 53,994 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Carpenter Technology by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,616,808 shares of the basic materials company’s stock valued at $256,072,000 after purchasing an additional 43,589 shares during the period. FMR LLC increased its position in shares of Carpenter Technology by 15.9% during the 3rd quarter. FMR LLC now owns 1,545,931 shares of the basic materials company’s stock valued at $103,902,000 after purchasing an additional 212,321 shares during the last quarter. Invesco Ltd. increased its position in shares of Carpenter Technology by 24.2% during the 3rd quarter. Invesco Ltd. now owns 1,331,705 shares of the basic materials company’s stock valued at $89,504,000 after purchasing an additional 259,330 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Carpenter Technology by 82.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 972,222 shares of the basic materials company’s stock worth $68,833,000 after purchasing an additional 438,781 shares during the period. Institutional investors own 92.03% of the company’s stock.

Carpenter Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Tuesday, April 23rd will be paid a $0.20 dividend. This is a positive change from Carpenter Technology’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $0.80 annualized dividend and a yield of 0.93%. Carpenter Technology’s dividend payout ratio (DPR) is 27.68%.

About Carpenter Technology

Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts.