500 Shares in Carpenter Technology Co. (NYSE:CRS) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new stake in shares of Carpenter Technology Co. (NYSE:CRSFree Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 500 shares of the basic materials company’s stock, valued at approximately $80,000.

Other large investors also recently modified their holdings of the company. Kimelman & Baird LLC bought a new position in Carpenter Technology during the 2nd quarter valued at about $33,000. National Bank of Canada FI acquired a new position in Carpenter Technology during the 2nd quarter worth about $49,000. EverSource Wealth Advisors LLC grew its holdings in Carpenter Technology by 58.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 485 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 178 shares during the last quarter. nVerses Capital LLC acquired a new stake in Carpenter Technology in the 3rd quarter valued at about $64,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Carpenter Technology in the third quarter worth about $65,000. 92.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on CRS. Benchmark reissued a “buy” rating and set a $175.00 price target on shares of Carpenter Technology in a research note on Friday, October 25th. JPMorgan Chase & Co. initiated coverage on Carpenter Technology in a research report on Friday, November 22nd. They issued an “overweight” rating and a $220.00 price objective on the stock. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Carpenter Technology presently has an average rating of “Moderate Buy” and a consensus target price of $153.00.

Read Our Latest Report on CRS

Carpenter Technology Stock Performance

Shares of Carpenter Technology stock opened at $169.97 on Friday. The firm has a fifty day moving average of $173.91 and a two-hundred day moving average of $145.56. 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 stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 0.90 and a beta of 1.52. Carpenter Technology Co. has a 52 week low of $58.87 and a 52 week high of $198.24.

Carpenter Technology (NYSE:CRSGet Free Report) last announced its quarterly earnings results on Thursday, October 24th. The basic materials company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.15. The company had revenue of $717.60 million during the quarter, compared to analysts’ expectations of $742.96 million. Carpenter Technology had a return on equity of 18.01% and a net margin of 8.05%. Carpenter Technology’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 EPS. As a group, equities research analysts predict that Carpenter Technology Co. will post 6.74 EPS for the current year.

Carpenter Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Tuesday, October 22nd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date was Tuesday, October 22nd. Carpenter Technology’s payout ratio is presently 17.82%.

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.

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Institutional Ownership by Quarter for Carpenter Technology (NYSE:CRS)

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