Carpenter Technology Co. (NYSE:CRS) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its position in Carpenter Technology Co. (NYSE:CRS - Free Report) by 250.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,330 shares of the basic materials company's stock after buying an additional 18,817 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of Carpenter Technology worth $4,468,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CRS. Kestra Investment Management LLC bought a new position in shares of Carpenter Technology in the 4th quarter worth $25,000. UMB Bank n.a. raised its position in shares of Carpenter Technology by 169.0% in the 4th quarter. UMB Bank n.a. now owns 304 shares of the basic materials company's stock worth $52,000 after acquiring an additional 191 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Carpenter Technology in the 3rd quarter worth $65,000. Wilmington Savings Fund Society FSB bought a new position in shares of Carpenter Technology in the 3rd quarter worth $80,000. Finally, Morse Asset Management Inc bought a new position in shares of Carpenter Technology in the 3rd quarter worth $84,000. 92.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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Carpenter Technology Stock Performance

Shares of CRS traded down $5.76 during mid-day trading on Friday, reaching $180.32. The company had a trading volume of 1,846,958 shares, compared to its average volume of 654,788. Carpenter Technology Co. has a 52-week low of $63.58 and a 52-week high of $213.66. The company has a quick ratio of 1.92, a current ratio of 3.80 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $9.01 billion, a P/E ratio of 34.02, a PEG ratio of 0.93 and a beta of 1.54. The stock has a 50 day moving average of $193.95 and a two-hundred day moving average of $173.89.

Carpenter Technology (NYSE:CRS - Get Free Report) last issued its earnings results on Thursday, January 30th. The basic materials company reported $1.66 EPS 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%. On average, analysts expect that Carpenter Technology Co. will post 6.83 earnings per share for the current year.

Carpenter Technology Dividend Announcement

The business also recently announced 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 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.