2 weeks Ago By ABMN Staff
Vanguard Personalized Indexing Management LLC trimmed its holdings in Carpenter Technology Co. ( NYSE:CRS – Free Report ) by 13.7% during the second quarter, HoldingsChannel reports.
The firm owned 2,664 shares of the basic materials company’s stock after selling 424 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Carpenter Technology were worth $292,000 at the end of the most recent reporting period. A number of other institutional investors have also bought and sold shares of the business.
CWM LLC lifted its stake in Carpenter Technology by 12.6% in the 2nd quarter. CWM LLC now owns 921 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 103 shares in the last quarter.
GAMMA Investing LLC lifted its stake in Carpenter Technology by 9.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,614 shares of the basic materials company’s stock worth $177,000 after purchasing an additional 136 shares in the last quarter.
American International Group Inc. lifted its stake in Carpenter Technology by 0.7% in the 4th quarter.
American International Group Inc. now owns 26,653 shares of the basic materials company’s stock worth $1,887,000 after purchasing an additional 188 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Carpenter Technology by 1.
9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,557 shares of the basic materials company’s stock worth $825,000 after purchasing an additional 215 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Carpenter Technology by 1.
1% in the 1st quarter. Janney Montgomery Scott LLC now owns 25,689 shares of the basic materials company’s stock worth $1,835,000 after purchasing an additional 281 shares in the last quarter. 92.
03% of the stock is owned by hedge funds and other institutional investors. Analyst Ratings Changes A number of research analysts have weighed in on the stock. Northcoast Research reissued a “sell” rating and issued a $89.
00 target price on shares of Carpenter Technology in a research note on Friday, June 14th. Benchmark raised their price target on shares of Carpenter Technology from $140.00 to $175.
00 and gave the stock a “buy” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft started coverage on shares of Carpenter Technology in a report on Tuesday, June 25th. They set a “buy” rating and a $144.
00 price target for the company. TD Cowen raised their price target on shares of Carpenter Technology from $116.00 to $125.
00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, BTIG Research raised their price target on shares of Carpenter Technology from $120.00 to $165.
00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.
com, Carpenter Technology presently has a consensus rating of “Moderate Buy” and an average price target of $139.60. Carpenter Technology Stock Performance Shares of CRS stock opened at $159.
01 on Friday. The company has a quick ratio of 1.84, a current ratio of 3.
41 and a debt-to-equity ratio of 0.43. Carpenter Technology Co.
has a 52 week low of $58.87 and a 52 week high of $166.51.
The stock has a market capitalization of $7.89 billion, a PE ratio of 60.46, a P/E/G ratio of 0.
89 and a beta of 1.45. The firm has a 50 day moving average of $141.
83 and a two-hundred day moving average of $111.24. Carpenter Technology ( NYSE:CRS – Get Free Report ) last issued its quarterly earnings results on Thursday, July 25th.
The basic materials company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.51 by $0.
31. The company had revenue of $798.70 million during the quarter, compared to analysts’ expectations of $763.
76 million. Carpenter Technology had a net margin of 6.76% and a return on equity of 15.
81%. The firm’s revenue was up 5.4% compared to the same quarter last year.
During the same quarter last year, the company posted $0.78 EPS. On average, research analysts predict that Carpenter Technology Co.
will post 6.09 EPS for the current fiscal year. Carpenter Technology Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th.
Investors of record on Tuesday, August 27th were given a $0.20 dividend. The ex-dividend date was Tuesday, August 27th.
This represents a $0.80 dividend on an annualized basis and a yield of 0.50%.
Carpenter Technology’s dividend payout ratio (DPR) is presently 30.42%. Carpenter Technology Company Profile ( 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. Recommended Stories Want to see what other hedge funds are holding CRS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Carpenter Technology Co. ( NYSE:CRS – Free Report ). Receive News & Ratings for Carpenter Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carpenter Technology and related companies with MarketBeat.
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