Calamos Advisors LLC Has $957,000 Stock Holdings in Carpenter Technology Co. (NYSE:CRS)

Calamos Advisors LLC decreased its position in shares of Carpenter Technology Co. (NYSE:CRS) by 4.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,639 shares of the basic materials company’s stock after selling 279 shares during the quarter. Calamos Advisors LLC’s holdings in Carpenter Technology were worth $957,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. UMB Bank n.a. lifted its stake in shares of Carpenter Technology by 169.0% in the 4th quarter. UMB Bank n.a. now owns 304 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 191 shares during the period. nVerses Capital LLC acquired a new position in shares of Carpenter Technology in the 3rd quarter valued at $64,000. Banque Cantonale Vaudoise acquired a new position in shares of Carpenter Technology in the 3rd quarter valued at $65,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Carpenter Technology in the 3rd quarter valued at $80,000. Finally, Morse Asset Management Inc acquired a new position in shares of Carpenter Technology in the 3rd quarter valued at $84,000. Institutional investors and hedge funds own 92.03% of the company’s stock.

Wall Street Analysts Forecast Growth

CRS has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Carpenter Technology from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Benchmark reissued a “buy” rating and issued a $175.00 price target on shares of Carpenter Technology in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat, Carpenter Technology currently has a consensus rating of “Moderate Buy” and an average target price of $155.50.

Carpenter Technology Price Performance

CRS opened at $192.87 on Thursday. The company has a quick ratio of 1.92, a current ratio of 3.80 and a debt-to-equity ratio of 0.40. Carpenter Technology Co. has a 12 month low of $58.87 and a 12 month high of $213.65. The company has a fifty day simple moving average of $187.61 and a 200 day simple moving average of $165.48. The stock has a market cap of $9.63 billion, a P/E ratio of 36.39, a P/E/G ratio of 0.92 and a beta of 1.54.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. Carpenter Technology had a net margin of 9.34% and a return on equity of 19.88%. On average, research analysts expect that Carpenter Technology Co. will post 6.74 EPS for the current year.

Carpenter Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Tuesday, January 28th. Carpenter Technology’s dividend payout ratio (DPR) is presently 15.09%.

About Carpenter Technology

Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts.