CRS vs. STLD, RS, X, CLF, ATI, CMC, WOR, HAYN, ZEUS, and RDUS
Should you be buying Carpenter Technology stock or one of its competitors? The main competitors of Carpenter Technology include Steel Dynamics (STLD), Reliance (RS), United States Steel (X), Cleveland-Cliffs (CLF), ATI (ATI), Commercial Metals (CMC), Worthington Enterprises (WOR), Haynes International (HAYN), Olympic Steel (ZEUS), and Radius Recycling (RDUS). These companies are all part of the "steel" industry.
Carpenter Technology (NYSE:CRS) and Steel Dynamics (NASDAQ:STLD) are both basic materials companies, but which is the better business? We will contrast the two companies based on the strength of their analyst recommendations, earnings, institutional ownership, risk, dividends, media sentiment, valuation, profitability and community ranking.
Carpenter Technology has a beta of 1.47, suggesting that its stock price is 47% more volatile than the S&P 500. Comparatively, Steel Dynamics has a beta of 1.4, suggesting that its stock price is 40% more volatile than the S&P 500.
92.0% of Carpenter Technology shares are owned by institutional investors. Comparatively, 82.4% of Steel Dynamics shares are owned by institutional investors. 3.4% of Carpenter Technology shares are owned by insiders. Comparatively, 6.0% of Steel Dynamics shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
Steel Dynamics has a net margin of 12.89% compared to Carpenter Technology's net margin of 4.83%. Steel Dynamics' return on equity of 27.62% beat Carpenter Technology's return on equity.
Steel Dynamics received 523 more outperform votes than Carpenter Technology when rated by MarketBeat users. Likewise, 68.30% of users gave Steel Dynamics an outperform vote while only 64.39% of users gave Carpenter Technology an outperform vote.
Steel Dynamics has higher revenue and earnings than Carpenter Technology. Steel Dynamics is trading at a lower price-to-earnings ratio than Carpenter Technology, indicating that it is currently the more affordable of the two stocks.
In the previous week, Steel Dynamics had 3 more articles in the media than Carpenter Technology. MarketBeat recorded 7 mentions for Steel Dynamics and 4 mentions for Carpenter Technology. Carpenter Technology's average media sentiment score of 1.52 beat Steel Dynamics' score of 1.43 indicating that Carpenter Technology is being referred to more favorably in the media.
Carpenter Technology pays an annual dividend of $0.80 per share and has a dividend yield of 0.8%. Steel Dynamics pays an annual dividend of $1.84 per share and has a dividend yield of 1.5%. Carpenter Technology pays out 30.4% of its earnings in the form of a dividend. Steel Dynamics pays out 12.6% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Steel Dynamics is clearly the better dividend stock, given its higher yield and lower payout ratio.
Carpenter Technology currently has a consensus target price of $112.67, indicating a potential upside of 8.34%. Steel Dynamics has a consensus target price of $125.29, indicating a potential upside of 1.31%. Given Carpenter Technology's stronger consensus rating and higher probable upside, equities research analysts plainly believe Carpenter Technology is more favorable than Steel Dynamics.
Summary
Steel Dynamics beats Carpenter Technology on 12 of the 20 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding CRS and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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