Carpenter Technology Co. (NYSE:CRS) Shares Bought by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. lifted its position in Carpenter Technology Co. (NYSE:CRS - Free Report) by 56.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,062 shares of the basic materials company's stock after acquiring an additional 2,185 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in Carpenter Technology were worth $1,029,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. State of Michigan Retirement System bought a new stake in shares of Carpenter Technology in the fourth quarter valued at about $2,003,000. Jones Financial Companies Lllp raised its holdings in shares of Carpenter Technology by 43.7% in the fourth quarter. Jones Financial Companies Lllp now owns 829 shares of the basic materials company's stock valued at $141,000 after acquiring an additional 252 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Carpenter Technology by 160.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 767 shares of the basic materials company's stock valued at $128,000 after acquiring an additional 472 shares in the last quarter. Chase Investment Counsel Corp bought a new stake in shares of Carpenter Technology in the fourth quarter valued at about $216,000. Finally, Fisher Asset Management LLC raised its holdings in shares of Carpenter Technology by 7.1% in the fourth quarter. Fisher Asset Management LLC now owns 390,229 shares of the basic materials company's stock valued at $66,226,000 after acquiring an additional 25,917 shares in the last quarter. 92.03% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted their target price on Carpenter Technology from $235.00 to $240.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. BTIG Research set a $230.00 target price on Carpenter Technology in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $167.17.

Carpenter Technology Stock Down 3.1 %

Shares of CRS stock traded down $5.76 during trading hours on Friday, reaching $180.32. 1,846,958 shares of the company's stock were exchanged, compared to its average volume of 655,750. Carpenter Technology Co. has a 1 year low of $63.58 and a 1 year high of $213.66. The stock has a market cap of $9.01 billion, a PE ratio of 34.02, a PEG ratio of 0.93 and a beta of 1.55. The company has a current ratio of 3.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.40. The stock's fifty day moving average price is $194.14 and its two-hundred day moving average price is $174.35.

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

Carpenter Technology Announces Dividend

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

Carpenter Technology Company 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.