News headlines about Carpenter Technology Corporation (NYSE:CRS) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Carpenter Technology Corporation earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 45.979939483285 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern’s rankings:

Shares of Carpenter Technology Corporation (NYSE:CRS) traded down 1.30% during midday trading on Friday, hitting $37.90. 473,840 shares of the company were exchanged. Carpenter Technology Corporation has a one year low of $30.37 and a one year high of $45.34. The company’s 50 day moving average price is $38.33 and its 200 day moving average price is $38.16. The firm has a market cap of $1.79 billion, a P/E ratio of 38.28 and a beta of 2.08.

Carpenter Technology Corporation (NYSE:CRS) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.08. The company had revenue of $507.70 million for the quarter, compared to analyst estimates of $502.40 million. Carpenter Technology Corporation had a return on equity of 4.48% and a net margin of 2.61%. Carpenter Technology Corporation’s revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 earnings per share. Equities analysts expect that Carpenter Technology Corporation will post $2.16 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Friday, August 18th. Carpenter Technology Corporation’s dividend payout ratio is currently 72.00%.

A number of research firms have issued reports on CRS. Zacks Investment Research cut Carpenter Technology Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. TheStreet upgraded Carpenter Technology Corporation from a “c+” rating to a “b” rating in a research note on Thursday, July 27th. Longbow Research raised their target price on Carpenter Technology Corporation from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Cowen and Company restated a “hold” rating and set a $37.00 price objective on shares of Carpenter Technology Corporation in a research note on Monday, July 17th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $43.50.

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In other news, Director Steven E. Karol sold 3,877 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $40.18, for a total transaction of $155,777.86. Following the sale, the director now owns 230,418 shares of the company’s stock, valued at $9,258,195.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have bought 294,000 shares of company stock worth $21,490. 3.60% of the stock is currently owned by insiders.

About Carpenter Technology Corporation

Carpenter Technology Corporation is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company’s segments include Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). Its SAO segment consists of alloy and stainless steel manufacturing operations.

Insider Buying and Selling by Quarter for Carpenter Technology Corporation (NYSE:CRS)

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