Advisors Preferred LLC Takes Position in Carpenter Technology Co. (NYSE:CRS)

Advisors Preferred LLC bought a new position in Carpenter Technology Co. (NYSE:CRS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,139 shares of the basic materials company's stock, valued at approximately $1,077,000.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings 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. nVerses Capital LLC bought a new position in shares of Carpenter Technology during the third quarter worth $64,000. Banque Cantonale Vaudoise purchased a new position in shares of Carpenter Technology during the third quarter valued at about $65,000. Wilmington Savings Fund Society FSB purchased a new position in Carpenter Technology during the 3rd quarter valued at approximately $80,000. Finally, Morse Asset Management Inc purchased a new stake in Carpenter Technology during the third quarter valued at $84,000. 92.03% of the stock is owned by hedge funds and other institutional investors.

Carpenter Technology Stock Up 0.8 %

NYSE CRS traded up $1.55 during trading hours on Wednesday, hitting $186.69. 770,196 shares of the company were exchanged, compared to its average volume of 708,821. Carpenter Technology Co. has a 52-week low of $60.65 and a 52-week high of $213.65. The company has a 50 day moving average of $187.00 and a two-hundred day moving average of $167.56. The company has a quick ratio of 1.92, a current ratio of 3.80 and a debt-to-equity ratio of 0.40. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 35.22, a PEG ratio of 0.88 and a beta of 1.54.

Carpenter Technology (NYSE:CRS - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.66 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts anticipate that Carpenter Technology Co. will post 6.83 earnings per share for the current year.

Carpenter Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Friday, February 28th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, January 28th. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. Carpenter Technology's payout ratio is 15.09%.

Analyst Upgrades and Downgrades

CRS has been the subject of a number of analyst reports. Benchmark restated a "buy" rating and issued a $175.00 price target on shares of Carpenter Technology in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on Carpenter Technology from $220.00 to $235.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Carpenter Technology presently has an average rating of "Moderate Buy" and an average price target of $155.50.

About Carpenter Technology

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.