Centiva Capital LP Grows Position in Carpenter Technology Co. (NYSE:CRS)

Centiva Capital LP grew its holdings in shares of Carpenter Technology Co. (NYSE:CRS - Free Report) by 143.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,584 shares of the basic materials company's stock after buying an additional 5,057 shares during the quarter. Centiva Capital LP's holdings in Carpenter Technology were worth $1,370,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Kimelman & Baird LLC purchased a new stake in Carpenter Technology in the 2nd quarter valued at $33,000. nVerses Capital LLC bought a new position in shares of Carpenter Technology during the third quarter valued at about $64,000. Banque Cantonale Vaudoise purchased a new position in Carpenter Technology during the third quarter worth about $65,000. National Bank of Canada FI bought a new stake in Carpenter Technology in the 2nd quarter worth about $49,000. Finally, EverSource Wealth Advisors LLC increased its stake in Carpenter Technology by 58.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 485 shares of the basic materials company's stock valued at $53,000 after buying an additional 178 shares during the last quarter. Institutional investors and hedge funds own 92.03% of the company's stock.

Carpenter Technology Stock Performance

NYSE CRS traded up $0.47 on Thursday, hitting $194.86. 439,929 shares of the stock traded hands, compared to its average volume of 590,365. The business's fifty day moving average is $169.54 and its two-hundred day moving average is $140.52. Carpenter Technology Co. has a 12 month low of $58.87 and a 12 month high of $198.24. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 43.29, a PEG ratio of 0.96 and a beta of 1.52. 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 issued its earnings results on Thursday, October 24th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, beating 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 business had revenue of $717.60 million for the quarter, compared to analysts' expectations of $742.96 million. During the same quarter in the previous year, the firm posted $0.88 EPS. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities analysts anticipate that Carpenter Technology Co. will post 6.74 EPS for the current fiscal year.

Carpenter Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Tuesday, October 22nd will be given a $0.20 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.41%. Carpenter Technology's dividend payout ratio (DPR) is currently 17.82%.

Analyst Ratings Changes

CRS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on Carpenter Technology in a research note on Friday, November 22nd. They issued an "overweight" rating and a $220.00 target price on the stock. Benchmark restated a "buy" rating and issued a $175.00 price objective on shares of Carpenter Technology in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.