How to Buy Carpenter Technology Stock
Carpenter Technology Corp
Carpenter Technology is a metal fabrication company located in Pennsylvania, United States, which is part of the Industrials sector, and is traded under the ticker CRS on the NYSE exchange.
Carpenter Technology stock last closed at $80.40, down 0.14% from the previous day, and has increased 65.4% in one year. It has overperformed other stocks in the Metal Fabrication industry by 0.38 percentage points. Carpenter Technology stock is currently +81.07% from its 52-week low of $44.40, and -2.14% from its 52-week high of $82.16.
As of Apr 24, 2024, there are 49.41M CRS shares outstanding. The market cap of CRS is $3.97B. In the last 24 hours, 556,411 CRS shares were traded.
How to Buy Carpenter Technology Stock
Wondering how to invest in Carpenter Technology stock? Here's how.
- Decide where to buy Carpenter Technology stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Carpenter Technology stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your investment account: Select your payment method and add your information.
- Analyze Carpenter Technology stock: The Carpenter Technology ticker symbol is CRS. Is Carpenter Technology stock a good investment? Should you buy shares of CRS? How do CRS's underlying business fundamentals look? Do top analysts think Carpenter Technology is a good buy? Why has CRS's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if CRS is a good stock to buy).
- Place your CRS purchase: Decide if you will purchase CRS shares at the current market price or use a limit order to purchase CRS shares at a particular price.
- Keep an eye on your CRS position: Create a watchlist to important notifications about your new investment in Carpenter Technology stock.
Step 1: Decide where to buy Carpenter Technology stock
You will need an online brokerage account in order to access the NYSE market and buy CRS shares.
Our preferred brokerage: eToro
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Get $10 towards your share purchase by opening an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal details so you can buy CRS stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to create a new brokerage account.
- Send your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've finished signing up on the best stock trading app, your next step is to transfer the money for your investment:
Check out the walkthrough below if you need help transferring funds into your new brokerage account.
Step 4: Analyze Carpenter Technology stock
Once you have identified the best place to buy Carpenter Technology stock, it's very important to evaluate their stock before you invest, so you truly comprehend the risk as well as the upside.
Carpenter Technology quick stats
Fundamentals of CRS
WallStreetZen was created to help average investors do more accurate fundamental analysis.
You can see all of the due diligence checks on CRS's stock page.
Is CRS stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge CRS's true value.
Using relative valuations ratios:
- CRS could be overvalued based on its P/E ratio of 27.53x, relative to Metal Fabrication industry P/E ratio of 18.76x
- CRS may be undervalued based on its P/B ratio of 2.7x, relative to Metal Fabrication industry P/B ratio of 2.93x
You can do additional valuation analysis on CRS's stock here.
CRS Financial Health Overview
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the CRS balance sheet.
- CRS profit margin has gone up from -0.3% to 5.3% in the past year.
- CRS's operating cash flow of $201.10M allows it to safely service it's debt of $707.50M.
- There are more short-term assets than short-term liabilities on the CRS balance sheet.
Negative Financial Indicators:
- CRS has a relatively high debt to equity ratio of 1.14.
- Total CRS debt is higher than 5 years ago, relative to shareholder equity.
- CRS earnings of $234.30M is not sufficient to cover its interest payments.
You can dig deeper into what analysts are projecting on the Carpenter Technology stock forecast page.
CRS Technical Indicators
CRS Growth Numbers
Last year, CRS earnings were $143.60M. Over the past five year, CRS's earnings have grown by 0% per year. This was slower than the Metal Fabrication industry average of 27.69%.
Last year, CRS revenue was $2.72B. During the last five year, CRS's revenue has increased by 3.27% per year. This was slower than the Metal Fabrication industry average of 3.75%.
You can analyze CRS's earnings and revenue performance here.
Latest Insiders Trades at CRS
In the past 12 months, insiders at CRS have sold more shares than they have bought.
Charles Douglas McLane Jr., Director of CRS, was the latest CRS insider to sell. They sold $251,798.22 worth of CRS shares on Nov 7, 2023.
Learn more about who owns CRS shares here.
Does CRS provide a stable income stream?
Carpenter Technology pays a dividend of 1.24%, compared to the Metal Fabrication industry's average dividend yield of 3.41%. If you owned $1,000 of CRS stock, you would have received $12.44 last year.
Carpenter Technology dividend payments have consistently grown over the past decade and have remained stable.
Dig into more info about Carpenter Technology dividend yield and history here.
What do other investors have to say about CRS?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your CRS purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given price, use a limit order.
Hit the Open Trade button and your broker will place your order.
If you need additional help with investing in stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your CRS position
Now that you own some shares in CRS, you'll want to keep up with your new shares.
Start a watchlist to get notified of important updates regarding your CRS stock.
CRS Feed
How to Buy Stock in Carpenter Technology
To reiterate, here are the 6 steps you need to take to buy Carpenter Technology stock right now:
- Decide where to buy Carpenter Technology stock
- Create a brokerage account
- Fund your investment account
- Analyze Carpenter Technology stock
- Place your CRS purchase
- Keep an eye on your CRS position
If you need a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Carpenter Technology, create a watchlist on WallStreetZen today.
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