Amalgamated Bank Has $3.86 Million Stock Holdings in Carpenter Technology Co. (NYSE:CRS)

Amalgamated Bank boosted its holdings in shares of Carpenter Technology Co. (NYSE:CRS - Free Report) by 55.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,731 shares of the basic materials company's stock after buying an additional 8,076 shares during the quarter. Amalgamated Bank's holdings in Carpenter Technology were worth $3,858,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Tidal Investments LLC raised its stake in Carpenter Technology by 91.9% in the 3rd quarter. Tidal Investments LLC now owns 21,083 shares of the basic materials company's stock valued at $3,364,000 after acquiring an additional 10,094 shares during the period. Fisher Asset Management LLC raised its position in shares of Carpenter Technology by 3.9% in the third quarter. Fisher Asset Management LLC now owns 364,312 shares of the basic materials company's stock valued at $58,137,000 after purchasing an additional 13,815 shares during the period. Forest Avenue Capital Management LP acquired a new stake in shares of Carpenter Technology during the 3rd quarter worth about $25,262,000. Natixis Advisors LLC boosted its holdings in shares of Carpenter Technology by 6.0% during the 3rd quarter. Natixis Advisors LLC now owns 23,817 shares of the basic materials company's stock worth $3,801,000 after buying an additional 1,343 shares during the period. Finally, Manuka Financial LLC acquired a new position in Carpenter Technology in the 4th quarter valued at about $368,000. 92.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective 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 price target on Carpenter Technology in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $167.17.

Carpenter Technology Price Performance

Shares of CRS traded down $2.15 during mid-day trading on Tuesday, reaching $204.36. The company had a trading volume of 1,044,400 shares, compared to its average volume of 821,468. The company's 50 day simple moving average is $192.59 and its 200 day simple moving average is $173.20. The company has a market capitalization of $10.21 billion, a price-to-earnings ratio of 38.52, a P/E/G ratio of 0.93 and a beta of 1.54. Carpenter Technology Co. has a 1-year low of $62.99 and a 1-year high of $213.66. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.92 and a current ratio of 3.80.

Carpenter Technology (NYSE:CRS - Get Free Report) last released its quarterly earnings data 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%. Analysts expect that Carpenter Technology Co. will post 6.83 EPS for the current year.

Carpenter Technology Announces Dividend

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

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.