Thrivent Financial for Lutherans Has $1.99 Million Stock Holdings in Carpenter Technology Co. (NYSE:CRS)

Thrivent Financial for Lutherans trimmed its position in shares of Carpenter Technology Co. (NYSE:CRS - Free Report) by 70.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,728 shares of the basic materials company's stock after selling 27,495 shares during the period. Thrivent Financial for Lutherans' holdings in Carpenter Technology were worth $1,990,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRS. Kestra Investment Management LLC bought a new position in shares of Carpenter Technology during the 4th quarter valued at $25,000. UMB Bank n.a. boosted its holdings in Carpenter Technology by 169.0% during 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. Wilmington Savings Fund Society FSB bought a new stake in Carpenter Technology during the third quarter valued at about $80,000. Morse Asset Management Inc acquired a new stake in shares of Carpenter Technology in the third quarter valued at about $84,000. Finally, Fifth Third Bancorp lifted its position in shares of 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 purchasing an additional 109 shares during the last quarter. 92.03% of the stock is owned by hedge funds and other institutional investors.

Carpenter Technology Stock Performance

Shares of NYSE CRS traded up $0.94 during trading hours on Tuesday, reaching $182.12. The stock had a trading volume of 144,355 shares, compared to its average volume of 717,221. The company has a market cap of $9.10 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 0.93 and a beta of 1.55. Carpenter Technology Co. has a twelve month low of $70.20 and a twelve month high of $213.66. The business's fifty day moving average is $193.50 and its two-hundred day moving average is $179.63. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.80 and a quick ratio of 1.92.

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Carpenter Technology (NYSE:CRS - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.58 by $0.08. Carpenter Technology had a net margin of 9.34% and a return on equity of 19.88%. As a group, research analysts expect that Carpenter Technology Co. will post 6.83 EPS for the current year.

Carpenter Technology Announces Dividend

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

Analysts Set New Price Targets

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