Huntington National Bank increased its position in shares of Carpenter Technology Co. (NYSE:CRS) by 1,902.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,002 shares of the basic materials company’s stock after purchasing an additional 1,902 shares during the period. Huntington National Bank’s holdings in Carpenter Technology were worth $102,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Amalgamated Bank raised its holdings in Carpenter Technology by 1.2% during the second quarter. Amalgamated Bank now owns 6,581 shares of the basic materials company’s stock worth $246,000 after purchasing an additional 78 shares in the last quarter. Macquarie Group Ltd. raised its holdings in Carpenter Technology by 0.8% during the second quarter. Macquarie Group Ltd. now owns 40,881 shares of the basic materials company’s stock worth $1,530,000 after purchasing an additional 311 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Carpenter Technology by 7.1% during the second quarter. Public Employees Retirement System of Ohio now owns 5,614 shares of the basic materials company’s stock worth $210,000 after purchasing an additional 370 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Carpenter Technology by 10.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,634 shares of the basic materials company’s stock worth $286,000 after purchasing an additional 702 shares in the last quarter. Finally, Verition Fund Management LLC raised its holdings in Carpenter Technology by 13.6% during the second quarter. Verition Fund Management LLC now owns 10,149 shares of the basic materials company’s stock worth $380,000 after purchasing an additional 1,214 shares in the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Carpenter Technology from a “sell” rating to a “strong-buy” rating and set a $61.00 price target for the company in a report on Thursday, January 18th. Cowen upped their target price on shares of Carpenter Technology from $37.00 to $53.00 in a research report on Thursday, October 26th. Finally, KeyCorp restated a “hold” rating on shares of Carpenter Technology in a research report on Thursday, November 16th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $52.25.
Carpenter Technology Co. (CRS) opened at $47.53 on Friday. The company has a current ratio of 2.99, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41. Carpenter Technology Co. has a 1 year low of $34.24 and a 1 year high of $54.61. The firm has a market cap of $2,229.92, a PE ratio of 23.07 and a beta of 2.05.
Carpenter Technology (NYSE:CRS) last issued its earnings results on Thursday, February 1st. The basic materials company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. Carpenter Technology had a net margin of 8.30% and a return on equity of 7.94%. The company had revenue of $487.80 million for the quarter, compared to analyst estimates of $482.20 million. During the same period in the prior year, the business posted $0.15 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. equities analysts anticipate that Carpenter Technology Co. will post 2.41 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, February 6th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, February 5th. This represents a $0.72 annualized dividend and a yield of 1.51%. Carpenter Technology’s payout ratio is currently 21.24%.
Carpenter Technology Profile
Carpenter Technology Corporation is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company’s segments include Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). Its SAO segment consists of alloy and stainless steel manufacturing operations.
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