4,099 Shares in Carpenter Technology Co. (NYSE:CRS) Bought by DRW Securities LLC

DRW Securities LLC bought a new position in shares of Carpenter Technology Co. (NYSE:CRS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,099 shares of the basic materials company's stock, valued at approximately $696,000.

Other large investors have also made changes to their positions in the company. Kestra Investment Management LLC bought a new position in Carpenter Technology in the fourth quarter worth $25,000. CIBC Private Wealth Group LLC boosted its stake in Carpenter Technology by 109.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 243 shares of the basic materials company's stock worth $45,000 after purchasing an additional 127 shares in the last quarter. UMB Bank n.a. lifted its position in Carpenter Technology by 169.0% during the 4th quarter. UMB Bank n.a. now owns 304 shares of the basic materials company's stock worth $52,000 after buying an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Carpenter Technology during the third quarter worth approximately $80,000. Finally, Morse Asset Management Inc acquired a new stake in shares of Carpenter Technology in the third quarter valued at approximately $84,000. Institutional investors and hedge funds own 92.03% of the company's stock.

Carpenter Technology Stock Performance

CRS stock traded up $2.96 during trading hours on Friday, hitting $170.72. 541,256 shares of the stock were exchanged, compared to its average volume of 735,028. The company has a 50-day simple moving average of $185.49 and a two-hundred day simple moving average of $180.34. The firm has a market capitalization of $8.53 billion, a P/E ratio of 32.21, a P/E/G ratio of 0.93 and a beta of 1.28. Carpenter Technology Co. has a 12 month low of $74.21 and a 12 month high of $213.66. The company has a current ratio of 3.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.40.

Remove Ads

Carpenter Technology (NYSE:CRS - Get Free Report) last released its earnings results on Thursday, January 30th. The basic materials company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.58 by $0.08. Carpenter Technology had a return on equity of 19.88% and a net margin of 9.34%. On average, analysts forecast that Carpenter Technology Co. will post 6.83 earnings per share for the current fiscal year.

Carpenter Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Tuesday, April 22nd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Tuesday, April 22nd. Carpenter Technology's dividend payout ratio is presently 15.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CRS shares. JPMorgan Chase & Co. lifted their price target on shares of Carpenter Technology from $235.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. BTIG Research set a $230.00 price target on Carpenter Technology in a research report on Friday, January 31st. Finally, Northcoast Research raised shares of Carpenter Technology from a "sell" rating to a "neutral" rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.