2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. raised its stake in Carpenter Technology Co. (NYSE:CRS – Free Report) by 120.
4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 331,874 shares of the basic materials company’s stock after buying an additional 181,317 shares during the quarter. JPMorgan Chase & Co.
owned 0.66% of Carpenter Technology worth $56,322,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock.
Kestra Investment Management LLC acquired a new stake in Carpenter Technology during the fourth quarter valued at $25,000. UMB Bank n.a.
raised its stake in shares of Carpenter Technology by 169.0% during the 4th quarter. UMB Bank n.
a. now owns 304 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Carpenter Technology during the 3rd quarter valued at about $80,000.
Morse Asset Management Inc acquired a new stake in shares of Carpenter Technology during the 3rd quarter valued at about $84,000. Finally, Fifth Third Bancorp grew its stake in shares of Carpenter Technology by 23.5% in the 4th quarter.
Fifth Third Bancorp now owns 573 shares of the basic materials company’s stock valued at $97,000 after buying an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 92.03% of the company’s stock.
Carpenter Technology Price PerformanceShares of Carpenter Technology stock opened at $150.90 on Friday. Carpenter Technology Co.
has a 1-year low of $74.21 and a 1-year high of $213.66.
The firm has a fifty day simple moving average of $190.40 and a 200-day simple moving average of $180.19.
The company has a current ratio of 3.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.
40. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 28.
47, a PEG ratio of 0.93 and a beta of 1.28.
Carpenter Technology (NYSE:CRS – Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.
58 by $0.08. Carpenter Technology had a return on equity of 19.
88% and a net margin of 9.34%. On average, sell-side analysts expect that Carpenter Technology Co.
will post 6.83 earnings per share for the current year. Carpenter Technology Dividend AnnouncementThe firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th.
Stockholders of record on Friday, February 28th were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, January 28th.
This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.53%.
Carpenter Technology’s dividend payout ratio (DPR) is presently 15.09%. Wall Street Analysts Forecast GrowthSeveral analysts have commented on the stock.
JPMorgan Chase & Co. boosted their target price on shares of Carpenter Technology from $235.00 to $240.
00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. BTIG Research set a $230.00 price objective on shares of Carpenter Technology in a research note on Friday, January 31st.
One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $167.
17.Read Our Latest Report on CRSAbout 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.Featured StoriesFive stocks we like better than Carpenter TechnologyInvesting In Automotive StocksConagra Stock Could Thrive as Tariffs Hit Other SectorsWhat Percentage Gainers Tell Investors and Why They Don’t Tell the Whole StoryGrocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey FindsWhat Investors Need to Know About Upcoming IPOsSpotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy?.
