Y Intercept Hong Kong Ltd Purchases Shares of 2,947 Carpenter Technology Co. (NYSE:CRS)

Y Intercept Hong Kong Ltd purchased a new stake in Carpenter Technology Co. (NYSE:CRS) during the fourth quarter, Holdings Channel reports. The firm purchased 2,947 shares of the basic materials company’s stock, valued at approximately $500,000.

A number of other large investors have also recently bought and sold shares of CRS. Kestra Investment Management LLC bought a new stake in Carpenter Technology in the fourth quarter valued at $25,000. UMB Bank n.a. grew its position in Carpenter Technology by 169.0% in the fourth quarter. UMB Bank n.a. now owns 304 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 191 shares during the period. Banque Cantonale Vaudoise bought a new stake in Carpenter Technology in the third quarter valued at $65,000. Wilmington Savings Fund Society FSB bought a new stake in Carpenter Technology in the third quarter valued at $80,000. Finally, Morse Asset Management Inc bought a new stake in Carpenter Technology in the third quarter valued at $84,000. 92.03% of the stock is currently owned by institutional investors.

Carpenter Technology Price Performance

Shares of CRS stock opened at $207.25 on Friday. The stock’s fifty day moving average is $191.91 and its 200-day moving average is $172.55. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.92 and a current ratio of 3.80. The stock has a market capitalization of $10.35 billion, a PE ratio of 39.10, a PEG ratio of 0.93 and a beta of 1.54. Carpenter Technology Co. has a 52 week low of $62.99 and a 52 week high of $213.65.

Carpenter Technology (NYSE:CRS) 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%. Equities research analysts expect that Carpenter Technology Co. will post 6.83 EPS for the current fiscal year.

Carpenter Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Tuesday, January 28th. Carpenter Technology’s dividend payout ratio (DPR) is presently 15.09%.

Analyst Ratings Changes

Several analysts have recently commented on CRS shares. JPMorgan Chase & Co. increased their target price on Carpenter Technology from $235.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. BTIG Research set a $230.00 target price on Carpenter Technology in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Carpenter Technology presently has an average rating of “Moderate Buy” and an average target price of $167.17.

Carpenter Technology Profile

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.