Carpenter Technology Corp. (NYSE:CRS) was down 2% during trading on Tuesday . The company traded as low as $36.91 and last traded at $37.11, with a volume of 123,254 shares. The stock had previously closed at $37.88.

Several research firms recently issued reports on CRS. Rosenblatt Securities reissued a “buy” rating and issued a $42.00 target price on shares of Carpenter Technology Corp. in a research report on Tuesday, May 17th. Sterne Agee CRT reissued a “neutral” rating on shares of Carpenter Technology Corp. in a research report on Monday, May 16th. Finally, Zacks Investment Research cut shares of Carpenter Technology Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, May 19th.

The firm’s 50-day moving average price is $38.01 and its 200 day moving average price is $34.33. The firm has a market cap of $1.69 billion and a PE ratio of 157.30.

Carpenter Technology Corp. (NYSE:CRS) last released its quarterly earnings data 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 company had revenue of $457.70 million for the quarter, compared to analyst estimates of $454 million. The business’s revenue was down 18.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 earnings per share. Equities analysts predict that Carpenter Technology Corp. will post $1.53 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Tuesday, August 23rd will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, August 19th. This represents a $0.72 annualized dividend and a yield of 1.98%.

In other Carpenter Technology Corp. news, Director Gregory A. Pratt sold 10,358 shares of the stock in a transaction on 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 Securities & Exchange Commission, which is accessible through this hyperlink.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.