Envestnet Asset Management Inc. trimmed its holdings in shares of Carpenter Technology Co. (NYSE:CRS – Get Rating) by 18.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,765 shares of the basic materials company’s stock after selling 2,592 shares during the period. Envestnet Asset Management Inc.’s holdings in Carpenter Technology were worth $435,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently modified their holdings of CRS. Strengthening Families & Communities LLC lifted its holdings in shares of Carpenter Technology by 4.1% in the 4th quarter. Strengthening Families & Communities LLC now owns 14,426 shares of the basic materials company’s stock worth $534,000 after purchasing an additional 568 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its holdings in shares of Carpenter Technology by 4.6% in the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 541,165 shares of the basic materials company’s stock worth $19,991,000 after purchasing an additional 23,853 shares in the last quarter. Emerald Advisers LLC lifted its holdings in shares of Carpenter Technology by 11.4% in the 4th quarter. Emerald Advisers LLC now owns 697,323 shares of the basic materials company’s stock worth $25,759,000 after purchasing an additional 71,455 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Carpenter Technology by 178.6% in the 4th quarter. SG Americas Securities LLC now owns 15,259 shares of the basic materials company’s stock worth $564,000 after purchasing an additional 9,782 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in Carpenter Technology by 14.9% in the 4th quarter. ProShare Advisors LLC now owns 7,562 shares of the basic materials company’s stock valued at $279,000 after buying an additional 979 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on Carpenter Technology in a research report on Thursday, May 18th. They set a “hold” rating for the company.
Carpenter Technology Stock Up 1.5 %
Shares of NYSE CRS opened at $45.60 on Thursday. Carpenter Technology Co. has a 12 month low of $24.76 and a 12 month high of $54.89. The company has a current ratio of 2.45, a quick ratio of 1.14 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 108.56 and a beta of 1.76. The business has a 50-day moving average of $46.61 and a 200-day moving average of $44.64.
Carpenter Technology (NYSE:CRS – Get Rating) last issued its earnings results on Thursday, April 27th. The basic materials company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.05. The business had revenue of $690.10 million during the quarter, compared to analyst estimates of $632.50 million. Carpenter Technology had a return on equity of 1.35% and a net margin of 0.87%. Carpenter Technology’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.20) earnings per share. Sell-side analysts expect that Carpenter Technology Co. will post 1.04 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, June 1st. Investors of record on Tuesday, May 2nd will be paid a $0.20 dividend. The ex-dividend date is Monday, May 1st. This represents a $0.80 annualized dividend and a yield of 1.75%. Carpenter Technology’s payout ratio is 190.48%.
Carpenter Technology Profile
(Get Rating)
Carpenter Technology Corp. engages in the manufacturing, fabrication, and distribution of specialty metals. It operates through the Specialty Alloys Operations and Performance Engineered Products segments. The Specialty Alloys Operations segment is composed of its major premium alloy and stainless-steel manufacturing operations.
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