Carpenter Technology Corp. (NYSE:CRS) was up 3.1% on Monday . The stock traded as high as $37.73 and last traded at $37.69, with a volume of 63,637 shares traded. The stock had previously closed at $36.54.

Several equities research analysts recently weighed in on CRS shares. Zacks Investment Research upgraded Carpenter Technology Corp. from a “strong sell” rating to a “hold” rating in a report on Monday, July 18th. Rosenblatt Securities restated a “buy” rating and issued a $42.00 target price on shares of Carpenter Technology Corp. in a report on Tuesday, May 17th. Finally, Sterne Agee CRT restated a “neutral” rating on shares of Carpenter Technology Corp. in a report on Monday, May 16th.

The company has a 50-day moving average of $38.06 and a 200 day moving average of $34.06. The firm has a market cap of $1.77 billion and a P/E ratio of 164.70.

Carpenter Technology Corp. (NYSE:CRS) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The business earned $457.70 million during the quarter, compared to the consensus estimate of $454 million. During the same quarter last year, the company earned $0.52 earnings per share. The firm’s revenue was down 18.0% compared to the same quarter last year. On average, analysts anticipate that Carpenter Technology Corp. will post $1.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Tuesday, August 23rd will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, August 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.90%.

In related news, Director Gregory A. Pratt sold 10,358 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of C$38.78, for a total transaction of C$401,683.24. Following the completion of the transaction, the director now directly owns 12,613 shares in the company, valued at C$489,132.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Carpenter Technology Corporation is engaged in the manufacture, fabrication and distribution of specialty metals. It develops, manufactures and distributes cast/wrought and powder metal stainless steels and special alloys used in the oil and gas industry. It provides material solutions to the changing needs of the aerospace and defense, energy, transportation, medical and industrial and consumer industries.

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