Carpenter Technology Co. (NYSE:CRS) Shares Bought by Barclays PLC

Barclays PLC lifted its holdings in shares of Carpenter Technology Co. (NYSE:CRS - Free Report) by 471.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 101,745 shares of the basic materials company's stock after buying an additional 83,930 shares during the period. Barclays PLC owned approximately 0.20% of Carpenter Technology worth $16,236,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. FMR LLC raised its stake in Carpenter Technology by 47.1% during the 3rd quarter. FMR LLC now owns 3,465,295 shares of the basic materials company's stock valued at $552,992,000 after acquiring an additional 1,108,963 shares during the last quarter. Wolf Hill Capital Management LP purchased a new stake in shares of Carpenter Technology during the second quarter worth approximately $73,850,000. American Century Companies Inc. lifted its holdings in shares of Carpenter Technology by 129.5% during the second quarter. American Century Companies Inc. now owns 849,097 shares of the basic materials company's stock worth $93,044,000 after purchasing an additional 479,047 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Carpenter Technology by 1,538.1% during the third quarter. Assenagon Asset Management S.A. now owns 213,391 shares of the basic materials company's stock worth $34,053,000 after purchasing an additional 200,364 shares during the period. Finally, Forest Avenue Capital Management LP purchased a new position in Carpenter Technology in the 3rd quarter valued at $25,262,000. Institutional investors and hedge funds own 92.03% of the company's stock.

Carpenter Technology Price Performance

Shares of NYSE CRS traded down $3.08 during trading on Friday, hitting $174.09. 585,451 shares of the company were exchanged, compared to its average volume of 594,960. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.84 and a quick ratio of 2.00. Carpenter Technology Co. has a 1 year low of $58.87 and a 1 year high of $198.24. The company has a market cap of $8.68 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 0.90 and a beta of 1.52. The firm's fifty day moving average price is $173.18 and its 200 day moving average price is $144.37.

Carpenter Technology (NYSE:CRS - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The basic materials company reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.58 by $0.15. Carpenter Technology had a net margin of 8.05% and a return on equity of 18.01%. The firm had revenue of $717.60 million for the quarter, compared to the consensus estimate of $742.96 million. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The firm's revenue was up 10.1% on a year-over-year basis. On average, sell-side analysts expect that Carpenter Technology Co. will post 6.74 earnings per share for the current fiscal year.

Carpenter Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Tuesday, October 22nd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Tuesday, October 22nd. Carpenter Technology's payout ratio is currently 17.82%.

Analysts Set New Price Targets

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. began coverage on shares of Carpenter Technology in a report on Friday, November 22nd. They set an "overweight" rating and a $220.00 price target for the company. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $153.00.

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.