Yousif Capital Management LLC Sells 1,805 Shares of Carpenter Technology Co. (NYSE:CRS)

Yousif Capital Management LLC lowered its position in Carpenter Technology Co. (NYSE:CRS - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,512 shares of the basic materials company's stock after selling 1,805 shares during the quarter. Yousif Capital Management LLC's holdings in Carpenter Technology were worth $2,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Tidal Investments LLC boosted its holdings in 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 acquiring an additional 10,094 shares in the last quarter. Fisher Asset Management LLC grew its position in Carpenter Technology by 3.9% during the 3rd quarter. Fisher Asset Management LLC now owns 364,312 shares of the basic materials company's stock valued at $58,137,000 after purchasing an additional 13,815 shares during the last quarter. Forest Avenue Capital Management LP purchased a new position in Carpenter Technology in the third quarter worth about $25,262,000. Natixis Advisors LLC lifted its stake in shares of Carpenter Technology by 6.0% in the third quarter. Natixis Advisors LLC now owns 23,817 shares of the basic materials company's stock worth $3,801,000 after buying an additional 1,343 shares in the last quarter. Finally, Manuka Financial LLC purchased a new stake in shares of Carpenter Technology during the fourth quarter valued at approximately $368,000. 92.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CRS has been the subject of a number of recent analyst reports. Benchmark restated a "buy" rating and issued a $175.00 price objective on shares of Carpenter Technology in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price target on Carpenter Technology from $220.00 to $235.00 and gave the company an "overweight" rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Carpenter Technology presently has an average rating of "Moderate Buy" and an average price target of $155.50.

Carpenter Technology Stock Performance

Shares of NYSE CRS traded down $3.40 during midday trading on Thursday, hitting $183.19. 571,427 shares of the stock traded hands, compared to its average volume of 704,084. The firm has a market capitalization of $9.15 billion, a P/E ratio of 34.56, a PEG ratio of 0.88 and a beta of 1.54. Carpenter Technology Co. has a one year low of $61.31 and a one year high of $213.65. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.92 and a current ratio of 3.80. The firm has a 50-day moving average of $186.77 and a two-hundred day moving average of $167.67.

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

Carpenter Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Friday, February 28th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, January 28th. This represents a $0.80 annualized dividend and a yield of 0.44%. Carpenter Technology's dividend payout ratio (DPR) is 15.09%.

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.