Carpenter Technology Co. (NYSE:CRS) Shares Purchased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC increased its position in shares of Carpenter Technology Co. (NYSE:CRS) by 160.0% during the 4th quarter, HoldingsChannel reports. The fund owned 767 shares of the basic materials company’s stock after acquiring an additional 472 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Carpenter Technology were worth $128,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its position in Carpenter Technology by 47.1% in the third quarter. FMR LLC now owns 3,465,295 shares of the basic materials company’s stock valued at $552,992,000 after buying an additional 1,108,963 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Carpenter Technology by 428.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 592,034 shares of the basic materials company’s stock valued at $103,714,000 after buying an additional 479,985 shares during the last quarter. Forest Avenue Capital Management LP acquired a new position in Carpenter Technology in the third quarter valued at about $25,262,000. WCM Investment Management LLC acquired a new position in Carpenter Technology in the third quarter valued at about $18,868,000. Finally, Holocene Advisors LP acquired a new position in Carpenter Technology in the third quarter valued at about $17,337,000. Institutional investors and hedge funds own 92.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Carpenter Technology from $235.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. BTIG Research set a $230.00 target price on shares of Carpenter Technology in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $167.17.

Carpenter Technology Stock Down 3.1 %

Shares of NYSE:CRS opened at $180.32 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.80 and a quick ratio of 1.92. The firm has a market capitalization of $9.01 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 0.93 and a beta of 1.54. The firm’s 50-day moving average is $193.95 and its two-hundred day moving average is $173.89. Carpenter Technology Co. has a 1 year low of $63.58 and a 1 year high of $213.66.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.66 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that Carpenter Technology Co. will post 6.83 EPS for the current year.

Carpenter Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Friday, February 28th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, January 28th. This represents a $0.80 annualized dividend and a yield of 0.44%. Carpenter Technology’s dividend payout ratio (DPR) is 15.09%.

Carpenter Technology Profile

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.