2 weeks Ago By Defense World Staff
Victory Capital Management Inc. increased its position in shares of Carpenter Technology Co. ( NYSE:CRS – Free Report ) by 54.
1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,068 shares of the basic materials company’s stock after buying an additional 8,095 shares during the period. Victory Capital Management Inc.
’s holdings in Carpenter Technology were worth $3,681,000 at the end of the most recent reporting period. Several other large investors have also modified their holdings of the company. GSA Capital Partners LLP bought a new stake in shares of Carpenter Technology during the 3rd quarter worth $2,214,000.
Entropy Technologies LP raised its stake in Carpenter Technology by 325.8% during the 3rd quarter. Entropy Technologies LP now owns 13,578 shares of the basic materials company’s stock valued at $2,167,000 after purchasing an additional 10,389 shares during the last quarter.
WCM Investment Management LLC acquired a new position in Carpenter Technology during the 3rd quarter valued at $18,868,000. Versor Investments LP raised its stake in Carpenter Technology by 19.0% during the 3rd quarter.
Versor Investments LP now owns 2,669 shares of the basic materials company’s stock valued at $426,000 after purchasing an additional 427 shares during the last quarter. Finally, Lisanti Capital Growth LLC raised its stake in Carpenter Technology by 29.3% during the 3rd quarter.
Lisanti Capital Growth LLC now owns 49,315 shares of the basic materials company’s stock valued at $7,870,000 after purchasing an additional 11,180 shares during the last quarter. 92.03% of the stock is owned by institutional investors.
Carpenter Technology Trading Up 5.7 % Shares of CRS stock opened at $190.97 on Friday.
Carpenter Technology Co. has a 52-week low of $58.87 and a 52-week high of $192.
34. The stock has a market cap of $9.52 billion, a price-to-earnings ratio of 42.
53, a P/E/G ratio of 0.92 and a beta of 1.46.
The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.00 and a current ratio of 3.
84. The firm has a fifty day moving average of $162.86 and a 200-day moving average of $135.
60. Carpenter Technology Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Tuesday, October 22nd will be given a dividend of $0.
20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.
42%. The ex-dividend date of this dividend is Tuesday, October 22nd. Carpenter Technology’s dividend payout ratio (DPR) is currently 17.
82%. Wall Street Analysts Forecast Growth Several equities analysts recently commented on the stock. BTIG Research upped their target price on shares of Carpenter Technology from $120.
00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Benchmark reiterated a “buy” rating and set a $175.
00 target price on shares of Carpenter Technology in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Carpenter Technology in a research note on Friday.
They set an “overweight” rating and a $220.00 target price for the company. One 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.com, Carpenter Technology has an average rating of “Moderate Buy” and an average price target of $153.00.
Check Out Our Latest Stock Analysis on CRS 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.
See Also Five stocks we like better than Carpenter Technology How Can Investors Benefit From After-Hours Trading Vertiv’s Cool Tech Makes Its Stock Red-Hot Stock Market Upgrades: What Are They? MarketBeat Week in Review – 11/18 – 11/22 The How And Why of Investing in Oil Stocks 2 Finance Stocks With Competitive Advantages You Can’t Ignore 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.com's FREE daily email newsletter ..
