Carpenter Technology Corporation (NYSE: CRS) is one of 28 publicly-traded companies in the “Steel” industry, but how does it compare to its competitors? We will compare Carpenter Technology Corporation to related companies based on the strength of its analyst recommendations, dividends, profitability, institutional ownership, valuation, risk and earnings.

Institutional & Insider Ownership

92.8% of Carpenter Technology Corporation shares are held by institutional investors. Comparatively, 52.1% of shares of all “Steel” companies are held by institutional investors. 3.6% of Carpenter Technology Corporation shares are held by insiders. Comparatively, 12.1% of shares of all “Steel” companies are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Analyst Recommendations

This is a summary of current recommendations for Carpenter Technology Corporation and its competitors, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Carpenter Technology Corporation 0 2 3 0 2.60
Carpenter Technology Corporation Competitors 331 966 1012 35 2.32

Carpenter Technology Corporation currently has a consensus target price of $43.40, indicating a potential downside of 3.00%. As a group, “Steel” companies have a potential upside of 14.97%. Given Carpenter Technology Corporation’s competitors higher possible upside, analysts plainly believe Carpenter Technology Corporation has less favorable growth aspects than its competitors.

Dividends

Carpenter Technology Corporation pays an annual dividend of $0.72 per share and has a dividend yield of 1.6%. Carpenter Technology Corporation pays out 72.0% of its earnings in the form of a dividend. As a group, “Steel” companies pay a dividend yield of 2.2% and pay out 60.2% of their earnings in the form of a dividend. Carpenter Technology Corporation lags its competitors as a dividend stock, given its lower dividend yield and higher payout ratio.

Volatility & Risk

Carpenter Technology Corporation has a beta of 2.09, indicating that its stock price is 109% more volatile than the S&P 500. Comparatively, Carpenter Technology Corporation’s competitors have a beta of 1.37, indicating that their average stock price is 37% more volatile than the S&P 500.

Valuation & Earnings

This table compares Carpenter Technology Corporation and its competitors top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
Carpenter Technology Corporation $1.80 billion $213.50 million 44.74
Carpenter Technology Corporation Competitors $7.78 billion $1.01 billion 32.76

Carpenter Technology Corporation’s competitors have higher revenue and earnings than Carpenter Technology Corporation. Carpenter Technology Corporation is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Profitability

This table compares Carpenter Technology Corporation and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Carpenter Technology Corporation 2.61% 4.48% 1.83%
Carpenter Technology Corporation Competitors -1,550.91% 3.59% 2.20%

Summary

Carpenter Technology Corporation competitors beat Carpenter Technology Corporation on 8 of the 15 factors compared.

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. Its PEP segment includes the Dynamet titanium business, the Carpenter Powder Products business, the Amega West business, the Specialty Steel Supply business and the Latrobe and Mexico distribution businesses. It develops, manufactures and distributes cast/wrought and powder metal stainless steels, and special alloys, including high temperature (iron-nickel-cobalt base), stainless, corrosion resistant, controlled expansion alloys, ultra-high strength and implantable alloys, tool and die steels and other specialty metals, as well as cast/wrought titanium alloys. The Company manufactures and rents down-hole drilling tools and components used in the oil and gas industry.

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