Empowered Funds LLC Grows Stock Position in Carpenter Technology Co. (NYSE:CRS)

Empowered Funds LLC raised its holdings in Carpenter Technology Co. (NYSE:CRSFree Report) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,498 shares of the basic materials company’s stock after buying an additional 821 shares during the quarter. Empowered Funds LLC owned approximately 0.07% of Carpenter Technology worth $5,855,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Advisors Preferred LLC purchased a new stake in Carpenter Technology in the fourth quarter valued at approximately $1,077,000. Stratos Wealth Partners LTD. boosted its holdings in shares of Carpenter Technology by 2.7% in the 4th quarter. Stratos Wealth Partners LTD. now owns 2,415 shares of the basic materials company’s stock valued at $410,000 after purchasing an additional 63 shares during the last quarter. Retirement Systems of Alabama purchased a new stake in shares of Carpenter Technology during the 4th quarter valued at $10,286,000. JB Capital LLC increased its holdings in shares of Carpenter Technology by 3.3% during the 4th quarter. JB Capital LLC now owns 14,265 shares of the basic materials company’s stock worth $2,421,000 after buying an additional 457 shares during the last quarter. Finally, Manuka Financial LLC purchased a new position in shares of Carpenter Technology in the 4th quarter worth $368,000. Institutional investors and hedge funds own 92.03% of the company’s stock.

Carpenter Technology Trading Down 2.9 %

Shares of CRS opened at $184.85 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.80 and a quick ratio of 1.92. Carpenter Technology Co. has a 12 month low of $60.65 and a 12 month high of $213.65. The stock has a market cap of $9.23 billion, a PE ratio of 34.88, a P/E/G ratio of 0.88 and a beta of 1.54. The stock’s 50-day moving average is $187.16 and its two-hundred day moving average is $167.42.

Carpenter Technology (NYSE:CRSGet Free Report) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. Carpenter Technology had a return on equity of 19.88% and a net margin of 9.34%. Equities analysts forecast that Carpenter Technology Co. will post 6.83 earnings per share for the current fiscal year.

Carpenter Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors 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 0.43%. The ex-dividend date is Tuesday, January 28th. Carpenter Technology’s payout ratio is 15.09%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CRS shares. Benchmark reissued a “buy” rating and set a $175.00 price target on shares of Carpenter Technology in a research report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on Carpenter Technology from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Carpenter Technology presently has a consensus rating of “Moderate Buy” and an average target price of $155.50.

Get Our Latest Research Report on CRS

About Carpenter Technology

(Free Report)

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.

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Institutional Ownership by Quarter for Carpenter Technology (NYSE:CRS)

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