Carpenter Technology Co. (NYSE:CRS) Position Increased by National Bank of Canada FI

National Bank of Canada FI raised its position in Carpenter Technology Co. (NYSE:CRS - Free Report) by 8,300.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 38,473 shares of the basic materials company's stock after acquiring an additional 38,015 shares during the period. National Bank of Canada FI owned approximately 0.08% of Carpenter Technology worth $6,140,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC increased its holdings in shares of Carpenter Technology by 47.1% in the 3rd quarter. FMR LLC now owns 3,465,295 shares of the basic materials company's stock valued at $552,992,000 after purchasing an additional 1,108,963 shares in the last quarter. American Century Companies Inc. lifted its holdings in Carpenter Technology by 129.5% in the 2nd quarter. American Century Companies Inc. now owns 849,097 shares of the basic materials company's stock valued at $93,044,000 after purchasing an additional 479,047 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Carpenter Technology by 15.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,485 shares of the basic materials company's stock worth $122,794,000 after acquiring an additional 103,559 shares during the period. Wolf Hill Capital Management LP acquired a new position in Carpenter Technology in the second quarter valued at $73,850,000. Finally, Avala Global LP increased its stake in shares of Carpenter Technology by 21.0% during the 3rd quarter. Avala Global LP now owns 423,700 shares of the basic materials company's stock valued at $67,614,000 after acquiring an additional 73,400 shares during the last quarter. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Carpenter Technology Stock Down 2.1 %

CRS stock traded down $3.66 during trading on Friday, reaching $173.51. The stock had a trading volume of 302,084 shares, compared to its average volume of 593,737. The firm has a fifty day moving average price of $172.90 and a 200 day moving average price of $143.47. The company has a current ratio of 3.84, a quick ratio of 2.00 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $8.65 billion, a P/E ratio of 39.44, a PEG ratio of 0.90 and a beta of 1.52. Carpenter Technology Co. has a 1-year low of $58.87 and a 1-year high of $198.24.

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. On average, equities analysts anticipate that Carpenter Technology Co. will post 6.74 earnings per share for the current year.

Carpenter Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Tuesday, October 22nd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Tuesday, October 22nd. Carpenter Technology's payout ratio is currently 17.82%.

Analyst Ratings Changes

CRS has been the topic of several research reports. Benchmark reaffirmed a "buy" rating and issued a $175.00 target price on shares of Carpenter Technology in a research report on Friday, October 25th. JPMorgan Chase & Co. began coverage on shares of Carpenter Technology in a report on Friday, November 22nd. They issued an "overweight" rating and a $220.00 price target on the stock. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $153.00.

About Carpenter Technology

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.