Mutual of America Capital Management LLC Has $4.47 Million Stock Position in Carpenter Technology Co. (NYSE:CRS)

Mutual of America Capital Management LLC boosted its stake in shares of Carpenter Technology Co. (NYSE:CRS) by 250.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,330 shares of the basic materials company’s stock after purchasing an additional 18,817 shares during the period. Mutual of America Capital Management LLC’s holdings in Carpenter Technology were worth $4,468,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Cavalier Investments LLC boosted its holdings in shares of Carpenter Technology by 168.5% in the 4th quarter. Cavalier Investments LLC now owns 42,036 shares of the basic materials company’s stock valued at $7,134,000 after buying an additional 26,378 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in Carpenter Technology by 5.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 15,918 shares of the basic materials company’s stock valued at $2,701,000 after acquiring an additional 866 shares during the last quarter. Amalgamated Bank grew its position in shares of Carpenter Technology by 55.1% in the 4th quarter. Amalgamated Bank now owns 22,731 shares of the basic materials company’s stock valued at $3,858,000 after acquiring an additional 8,076 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Carpenter Technology during the 4th quarter worth about $500,000. Finally, Howard Capital Management Inc. bought a new stake in shares of Carpenter Technology in the 4th quarter valued at about $787,000. 92.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Carpenter Technology Stock Down 1.7 %

Carpenter Technology stock opened at $202.95 on Wednesday. The company’s 50-day moving average price is $192.59 and its two-hundred day moving average price is $173.20. The company has a quick ratio of 1.92, a current ratio of 3.80 and a debt-to-equity ratio of 0.40. The stock has a market cap of $10.14 billion, a P/E ratio of 38.29, a P/E/G ratio of 0.93 and a beta of 1.54. Carpenter Technology Co. has a twelve month low of $62.99 and a twelve month high of $213.66.

Carpenter Technology (NYSE:CRS) last announced its 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%. As a group, analysts expect that Carpenter Technology Co. will post 6.83 EPS for the current year.

Carpenter Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders 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 dividend yield of 0.39%. The ex-dividend date is Tuesday, January 28th. Carpenter Technology’s dividend payout ratio is currently 15.09%.

Carpenter Technology Company 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.