Eagle Asset Management Inc. lessened its holdings in Carpenter Technology Corporation (NYSE:CRS) by 0.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 180,096 shares of the basic materials company’s stock after selling 197 shares during the period. Eagle Asset Management Inc. owned approximately 0.38% of Carpenter Technology Corporation worth $6,740,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in CRS. Huntington National Bank increased its stake in Carpenter Technology Corporation by 2,595.0% in the second quarter. Huntington National Bank now owns 2,695 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 2,595 shares during the period. Elkfork Partners LLC increased its stake in Carpenter Technology Corporation by 3.3% in the first quarter. Elkfork Partners LLC now owns 3,196 shares of the basic materials company’s stock valued at $119,000 after purchasing an additional 102 shares during the period. Dubuque Bank & Trust Co. increased its stake in Carpenter Technology Corporation by 3.0% in the second quarter. Dubuque Bank & Trust Co. now owns 3,691 shares of the basic materials company’s stock valued at $138,000 after purchasing an additional 107 shares during the period. LS Investment Advisors LLC boosted its holdings in shares of Carpenter Technology Corporation by 17.4% in the second quarter. LS Investment Advisors LLC now owns 3,746 shares of the basic materials company’s stock valued at $140,000 after acquiring an additional 556 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Carpenter Technology Corporation by 1.8% in the first quarter. Public Employees Retirement System of Ohio now owns 5,244 shares of the basic materials company’s stock valued at $196,000 after acquiring an additional 92 shares in the last quarter. Institutional investors and hedge funds own 93.54% of the company’s stock.
Shares of Carpenter Technology Corporation (NYSE:CRS) remained flat at $40.59 on Friday. 140,998 shares of the company’s stock traded hands. The company has a 50-day moving average price of $39.53 and a 200-day moving average price of $37.84. The company has a market capitalization of $1.90 billion, a PE ratio of 41.00 and a beta of 2.09. Carpenter Technology Corporation has a 12 month low of $30.37 and a 12 month high of $45.34.
Carpenter Technology Corporation (NYSE:CRS) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. Carpenter Technology Corporation had a return on equity of 4.48% and a net margin of 2.61%. The company had revenue of $507.70 million for the quarter, compared to analysts’ expectations of $502.40 million. During the same quarter in the prior year, the business posted $0.35 EPS. The business’s revenue was up 10.9% compared to the same quarter last year. Equities research analysts predict that Carpenter Technology Corporation will post $2.17 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Tuesday, August 22nd were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Friday, August 18th. Carpenter Technology Corporation’s dividend payout ratio (DPR) is presently 72.00%.
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In other Carpenter Technology Corporation news, Director Steven E. Karol sold 3,877 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $40.18, for a total value of $155,777.86. Following the transaction, the director now directly owns 230,418 shares of the company’s stock, valued at approximately $9,258,195.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director I Martin Inglis sold 8,000 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $39.77, for a total value of $318,160.00. Following the completion of the transaction, the director now directly owns 11,200 shares in the company, valued at $445,424. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,522 shares of company stock worth $1,065,580. 3.60% of the stock is owned by company insiders.
Several brokerages have recently weighed in on CRS. Zacks Investment Research downgraded shares of Carpenter Technology Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Cowen and Company reissued a “hold” rating and set a $37.00 price objective on shares of Carpenter Technology Corporation in a report on Monday, July 17th. TheStreet upgraded shares of Carpenter Technology Corporation from a “c+” rating to a “b” rating in a research report on Thursday, July 27th. Finally, Longbow Research lifted their target price on shares of Carpenter Technology Corporation from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $43.50.
About Carpenter Technology Corporation
Carpenter Technology Corporation is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company’s segments include Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). Its SAO segment consists of alloy and stainless steel manufacturing operations.
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