Financial Engines Advisors L.L.C. Sells 2,113 Shares of Carpenter Technology Co. (NYSE:CRS)

Financial Engines Advisors L.L.C. reduced its position in shares of Carpenter Technology Co. (NYSE:CRS - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,657 shares of the basic materials company's stock after selling 2,113 shares during the quarter. Financial Engines Advisors L.L.C.'s holdings in Carpenter Technology were worth $1,978,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CRS. FMR LLC raised its holdings in shares of Carpenter Technology by 47.1% in the 3rd quarter. FMR LLC now owns 3,465,295 shares of the basic materials company's stock worth $552,992,000 after purchasing an additional 1,108,963 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Carpenter Technology by 1.6% in the third quarter. Geode Capital Management LLC now owns 1,100,204 shares of the basic materials company's stock valued at $175,607,000 after buying an additional 17,497 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Carpenter Technology by 428.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 592,034 shares of the basic materials company's stock valued at $103,714,000 after acquiring an additional 479,985 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Carpenter Technology by 7.6% during the 4th quarter. American Century Companies Inc. now owns 517,142 shares of the basic materials company's stock worth $87,765,000 after acquiring an additional 36,606 shares in the last quarter. Finally, Avala Global LP grew its holdings in shares of Carpenter Technology by 21.0% in the 3rd quarter. Avala Global LP now owns 423,700 shares of the basic materials company's stock worth $67,614,000 after acquiring an additional 73,400 shares during the last quarter. 92.03% of the stock is currently owned by institutional investors and hedge funds.

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Carpenter Technology Stock Down 2.4 %

NYSE CRS traded down $4.49 during trading on Friday, reaching $181.32. 464,566 shares of the company's stock were exchanged, compared to its average volume of 719,720. The company has a current ratio of 3.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.40. Carpenter Technology Co. has a fifty-two week low of $70.20 and a fifty-two week high of $213.66. The company's fifty day simple moving average is $194.01 and its 200-day simple moving average is $178.72. The firm has a market capitalization of $9.06 billion, a PE ratio of 34.21, a P/E/G ratio of 0.93 and a beta of 1.55.

Carpenter Technology (NYSE:CRS - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.58 by $0.08. Carpenter Technology had a net margin of 9.34% and a return on equity of 19.88%. Sell-side analysts predict that Carpenter Technology Co. will post 6.83 EPS for the current year.

Carpenter Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Friday, February 28th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Tuesday, January 28th. Carpenter Technology's dividend payout ratio is currently 15.09%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Carpenter Technology from $235.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. BTIG Research set a $230.00 target price on shares of Carpenter Technology in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.