GSA Capital Partners LLP Takes $2.21 Million Position in Carpenter Technology Co. (NYSE:CRS)

GSA Capital Partners LLP purchased a new stake in shares of Carpenter Technology Co. (NYSE:CRS - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 13,875 shares of the basic materials company's stock, valued at approximately $2,214,000.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in Carpenter Technology by 68.7% in the first quarter. BNP Paribas Financial Markets now owns 25,730 shares of the basic materials company's stock valued at $1,838,000 after purchasing an additional 10,477 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Carpenter Technology by 1.1% during the first quarter. Janney Montgomery Scott LLC now owns 25,689 shares of the basic materials company's stock worth $1,835,000 after buying an additional 281 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Carpenter Technology by 1.5% in the first quarter. Texas Permanent School Fund Corp now owns 43,245 shares of the basic materials company's stock worth $3,089,000 after acquiring an additional 652 shares during the last quarter. Swiss National Bank grew its holdings in Carpenter Technology by 1.1% in the first quarter. Swiss National Bank now owns 97,300 shares of the basic materials company's stock valued at $6,949,000 after purchasing an additional 1,100 shares during the period. Finally, ProShare Advisors LLC raised its stake in Carpenter Technology by 7.4% during the first quarter. ProShare Advisors LLC now owns 9,878 shares of the basic materials company's stock worth $705,000 after purchasing an additional 679 shares during the period. Hedge funds and other institutional investors own 92.03% of the company's stock.

Carpenter Technology Stock Down 0.9 %

Shares of CRS stock traded down $1.66 on Tuesday, hitting $177.15. The stock had a trading volume of 122,461 shares, compared to its average volume of 590,736. Carpenter Technology Co. has a 52-week low of $58.87 and a 52-week high of $182.52. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of 39.84, a P/E/G ratio of 0.89 and a beta of 1.46. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.00 and a current ratio of 3.84. The stock's 50 day moving average is $155.05 and its 200-day moving average is $130.52.

Carpenter Technology (NYSE:CRS - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.15. The company had revenue of $717.60 million for the quarter, compared to the consensus estimate of $742.96 million. Carpenter Technology had a return on equity of 18.01% and a net margin of 8.05%. Carpenter Technology's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 EPS. As a group, research analysts expect that Carpenter Technology Co. will post 6.68 earnings per share for the current year.

Carpenter Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Tuesday, October 22nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Tuesday, October 22nd. Carpenter Technology's dividend payout ratio (DPR) is 17.82%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Benchmark restated a "buy" rating and set a $175.00 price objective on shares of Carpenter Technology in a report on Friday, October 25th. BTIG Research lifted their price target on shares of Carpenter Technology from $120.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.60.

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.