Carpenter Technology Corporation(CRS) is having a Dividend Yield of 1.72% with the Annual cash Dividend per share of $0.72. The last quarter cash dividend per share pay out was $0.18. Carpenter Technology Corporation has a 5 year average dividend yield of 1.64% and the stock has a Indicated annual dividend of $0.72. Carpenter Technology Corporation(CRS) formally announced its most recent dividend on January 26, 2017 with a Dividend per share of $0.18. The new indicated annual dividend based on announced dividend per share is $0.72. The dividend yield based on the forward looking indicated annual dividend is 1.72%. Carpenter Technology Corporation(CRS) has the most recent dividend payout ratio of 1 with a 5-year average payout ratio of 0.41. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.59.
Carpenter Technology Corporation (NYSE:CRS) witnessed a decline in the market cap on Thursday as its shares dropped 0.38% or 0.16 points. After the session commenced at $42, the stock reached the higher end at $42.81 while it hit a low of $41.69. With the volume soaring to 535,717 shares, the last trade was called at $41.81. The company has a 52-week high of $45.335. The company has a market cap of $1,953 million and there are 46,721,025 shares in outstanding. The 52-week low of the share price is $27.08. Carpenter Technology Corporation has dropped 0.43% in the last five trading days, however, the shares have posted positive gains of 8.62% in the last 4 weeks. Carpenter Technology Corporation is up 11.75% in the last 3-month period. Year-to-Date the stock performance stands at 16.07%.
Currently the company Insiders own 3.6% of Carpenter Technology Corporation shares according to the proxy statements. Institutional Investors own 96.89% of Carpenter Technology Corporation shares. Company has reported several Insider transactions to the SEC, on Feb 8, 2017, Kathryn C Turner (director) sold 8,000 shares at 42.60 per share price.On Aug 3, 2016, Gregory A Pratt (director) sold 10,358 shares at 38.78 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Carpenter Technology Corporation was Initiated by Deutsche Bank on Dec 19, 2016 to Hold, Price Target of the shares are set at $35.
Carpenter Technology Corporation Last issued its quarterly earnings results on Feb 2, 2017. The company reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.10. Analyst had a consensus of $0.05. The company had revenue of $427.40 million for the quarter, compared to analysts expectations of $412.50 million. The companys revenue was down -3.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.
Carpenter Technology Corporation is a leading manufacturer and distributor of specialty alloys, including stainless steel and titanium, and various engineered products made from metallic and ceramic materials. These products have been used in planes, cars and trucks, electronic equipment, medical devices and instruments, industrial fittings, sporting goods, and oil and gas exploration and processing. Carpenter engineered materials have been used in hundreds of applications from industrial tools to jet engines to fuel injectors and medical implants. Its engineered materials are known for their dependability, strength, toughness, corrosion resistance, and the ability to stay intact in high temperatures.