Renaissance Technologies LLC Has $45.97 Million Position in Carpenter Technology Co. (NYSE:CRS)

Renaissance Technologies LLC decreased its stake in Carpenter Technology Co. (NYSE:CRS - Free Report) by 8.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 270,900 shares of the basic materials company's stock after selling 26,291 shares during the quarter. Renaissance Technologies LLC owned 0.54% of Carpenter Technology worth $45,974,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CRS. Kestra Investment Management LLC acquired a new position in Carpenter Technology during the fourth quarter valued at $25,000. CIBC Private Wealth Group LLC lifted its position in shares of Carpenter Technology by 109.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 243 shares of the basic materials company's stock worth $45,000 after purchasing an additional 127 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Carpenter Technology by 169.0% during the fourth quarter. UMB Bank n.a. now owns 304 shares of the basic materials company's stock worth $52,000 after purchasing an additional 191 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Carpenter Technology during the third quarter valued at approximately $80,000. Finally, Morse Asset Management Inc acquired a new position in Carpenter Technology in the 3rd quarter valued at approximately $84,000. Hedge funds and other institutional investors own 92.03% of the company's stock.

Carpenter Technology Stock Performance

CRS traded up $1.83 on Tuesday, hitting $174.85. 674,580 shares of the stock traded hands, compared to its average volume of 737,575. The business has a fifty day moving average price of $185.09 and a two-hundred day moving average price of $180.60. The company has a current ratio of 3.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.40. Carpenter Technology Co. has a 52 week low of $74.21 and a 52 week high of $213.66. The firm has a market capitalization of $8.73 billion, a PE ratio of 32.99, a P/E/G ratio of 0.93 and a beta of 1.28.

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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 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%. On average, research analysts predict that Carpenter Technology Co. will post 6.83 EPS for the current fiscal year.

Carpenter Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Tuesday, April 22nd. Carpenter Technology's dividend payout ratio is 15.09%.

Wall Street Analysts Forecast Growth

CRS has been the subject of a number of research reports. Northcoast Research raised shares of Carpenter Technology from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. JPMorgan Chase & Co. upped their target price on Carpenter Technology from $235.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Finally, BTIG Research set a $230.00 target price on shares of Carpenter Technology in a research report on Friday, January 31st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Carpenter Technology has an average rating of "Moderate Buy" and an average target price of $167.17.

Carpenter Technology 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.