Carpenter Technology Co. (NYSE:CRS) Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft lessened its position in shares of Carpenter Technology Co. (NYSE:CRS - Free Report) by 33.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,430 shares of the basic materials company's stock after selling 2,688 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Carpenter Technology were worth $922,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strengthening Families & Communities LLC raised its position in Carpenter Technology by 0.6% in the 3rd quarter. Strengthening Families & Communities LLC now owns 17,314 shares of the basic materials company's stock valued at $2,763,000 after purchasing an additional 100 shares during the last quarter. Fifth Third Bancorp raised its position in Carpenter Technology by 23.5% during the 4th quarter. Fifth Third Bancorp now owns 573 shares of the basic materials company's stock worth $97,000 after buying an additional 109 shares during the last quarter. Wesbanco Bank Inc. raised its position in Carpenter Technology by 1.2% during the 4th quarter. Wesbanco Bank Inc. now owns 9,797 shares of the basic materials company's stock worth $1,663,000 after buying an additional 115 shares during the last quarter. Burney Co. raised its position in Carpenter Technology by 6.2% during the 4th quarter. Burney Co. now owns 2,045 shares of the basic materials company's stock worth $347,000 after buying an additional 120 shares during the last quarter. Finally, KBC Group NV raised its position in Carpenter Technology by 13.5% during the 3rd quarter. KBC Group NV now owns 1,355 shares of the basic materials company's stock worth $216,000 after buying an additional 161 shares during the last quarter. Institutional investors and hedge funds own 92.03% of the company's stock.

Carpenter Technology Price Performance

NYSE CRS traded down $15.61 during trading hours on Thursday, reaching $193.50. The company's stock had a trading volume of 1,526,356 shares, compared to its average volume of 699,105. Carpenter Technology Co. has a fifty-two week low of $58.87 and a fifty-two week high of $213.65. The stock has a market cap of $9.65 billion, a PE ratio of 43.06, a PEG ratio of 0.98 and a beta of 1.55. The company's 50-day moving average is $187.51 and its two-hundred day moving average is $162.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.00 and a current ratio of 3.84.

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 the consensus estimate of $1.58 by $0.08. Carpenter Technology had a net margin of 8.05% and a return on equity of 18.01%. Analysts forecast that Carpenter Technology Co. will post 6.77 EPS for the current year.

Carpenter Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Friday, February 28th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, January 28th. This represents a $0.80 annualized dividend and a yield of 0.41%. Carpenter Technology's payout ratio is 17.82%.

Analyst Ratings Changes

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

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.