Sei Investments Co. Purchases 61,449 Shares of Carpenter Technology Co. (NYSE:CRS)

Sei Investments Co. raised its holdings in shares of Carpenter Technology Co. (NYSE:CRS - Free Report) by 147.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 103,219 shares of the basic materials company's stock after purchasing an additional 61,449 shares during the period. Sei Investments Co. owned 0.21% of Carpenter Technology worth $17,517,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Tidal Investments LLC lifted its stake in shares of Carpenter Technology by 91.9% in the third quarter. Tidal Investments LLC now owns 21,083 shares of the basic materials company's stock worth $3,364,000 after buying an additional 10,094 shares in the last quarter. Manuka Financial LLC purchased a new stake in Carpenter Technology during the 4th quarter valued at $368,000. Park Avenue Securities LLC bought a new stake in shares of Carpenter Technology in the 4th quarter worth $419,000. Avala Global LP increased its holdings in shares of Carpenter Technology by 21.0% in the 3rd quarter. Avala Global LP now owns 423,700 shares of the basic materials company's stock worth $67,614,000 after purchasing an additional 73,400 shares in the last quarter. Finally, XML Financial LLC lifted its holdings in shares of Carpenter Technology by 215.3% during the fourth quarter. XML Financial LLC now owns 9,460 shares of the basic materials company's stock valued at $1,605,000 after purchasing an additional 6,460 shares in the last quarter. Hedge funds and other institutional investors own 92.03% of the company's stock.

Analyst Upgrades and Downgrades

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

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Carpenter Technology Stock Performance

Carpenter Technology stock traded down $0.55 during midday trading on Tuesday, hitting $180.63. The stock had a trading volume of 42,555 shares, compared to its average volume of 716,825. Carpenter Technology Co. has a 52-week low of $70.20 and a 52-week high of $213.66. The company has a market capitalization of $9.02 billion, a PE ratio of 34.04, a P/E/G ratio of 0.93 and a beta of 1.55. The firm's fifty day moving average is $193.50 and its two-hundred day moving average is $179.63. 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 (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 (EPS) for the quarter, topping analysts' consensus estimates of $1.58 by $0.08. Carpenter Technology had a net margin of 9.34% and a return on equity of 19.88%. On average, research analysts forecast that Carpenter Technology Co. will post 6.83 EPS for the current year.

Carpenter Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Friday, February 28th were given a $0.20 dividend. The ex-dividend date was Tuesday, January 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. Carpenter Technology's payout ratio is 15.09%.

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.