Jump Financial LLC Takes Position in Carpenter Technology Co. (NYSE:CRS)

Jump Financial LLC bought a new position in shares of Carpenter Technology Co. (NYSE:CRS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,332 shares of the basic materials company's stock, valued at approximately $1,753,000.

Several other hedge funds have also added to or reduced their stakes in CRS. Stratos Wealth Partners LTD. grew its position in shares of Carpenter Technology by 2.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,415 shares of the basic materials company's stock worth $410,000 after buying an additional 63 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Carpenter Technology by 11.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 669 shares of the basic materials company's stock worth $114,000 after purchasing an additional 71 shares during the period. CIBC Asset Management Inc increased its stake in Carpenter Technology by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 1,521 shares of the basic materials company's stock valued at $258,000 after purchasing an additional 78 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Carpenter Technology by 23.5% during the fourth quarter. Fifth Third Bancorp now owns 573 shares of the basic materials company's stock valued at $97,000 after purchasing an additional 109 shares during the period. Finally, Wesbanco Bank Inc. boosted its holdings in Carpenter Technology by 1.2% in the fourth quarter. Wesbanco Bank Inc. now owns 9,797 shares of the basic materials company's stock worth $1,663,000 after acquiring an additional 115 shares in the last quarter. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Northcoast Research upgraded shares of Carpenter Technology from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. upped their target price on shares of Carpenter Technology from $235.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Finally, BTIG Research set a $230.00 price target on Carpenter Technology in a research report on Friday, January 31st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $167.17.

Carpenter Technology Stock Performance

Shares of Carpenter Technology stock traded up $14.37 during trading hours on Wednesday, hitting $191.75. 1,784,455 shares of the company's stock traded hands, compared to its average volume of 744,908. The stock has a market capitalization of $9.58 billion, a price-to-earnings ratio of 36.18, a PEG ratio of 0.93 and a beta of 1.28. The company has a fifty day simple moving average of $183.27 and a 200-day simple moving average of $181.04. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.80 and a quick ratio of 1.92. Carpenter Technology Co. has a 12-month low of $77.26 and a 12-month high of $213.66.

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 for the quarter, topping the consensus estimate of $1.58 by $0.08. Carpenter Technology had a return on equity of 19.88% and a net margin of 9.34%. Equities research analysts anticipate that Carpenter Technology Co. will post 6.83 EPS for the current fiscal year.

Carpenter Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.80 annualized dividend and a yield of 0.42%. Carpenter Technology's dividend payout ratio is currently 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.