Carpenter Technology Corp. (NYSE:CRS) gapped up prior to trading on Tuesday . The stock had previously closed at $37.08, but opened at $37.35. Carpenter Technology Corp. shares last traded at $37.80, with a volume of 90,645 shares traded.

Several equities research analysts have recently commented on CRS shares. Zacks Investment Research cut shares of Carpenter Technology Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, May 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $42.00 price target on shares of Carpenter Technology Corp. in a research note on Tuesday, May 17th. Finally, Sterne Agee CRT reiterated a “neutral” rating on shares of Carpenter Technology Corp. in a research note on Monday, May 16th.

The firm has a market capitalization of $1.72 billion and a P/E ratio of 160.61. The stock has a 50-day moving average of $37.91 and a 200 day moving average of $33.97.

Carpenter Technology Corp. (NYSE:CRS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The firm had revenue of $457.70 million for the quarter, compared to the consensus estimate of $454 million. The company’s revenue was down 18.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. Equities research analysts anticipate that Carpenter Technology Corp. will post $1.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Tuesday, August 23rd will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Friday, August 19th.

In other Carpenter Technology Corp. news, Director Gregory A. Pratt sold 10,358 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of C$38.78, for a total transaction of C$401,683.24. Following the transaction, the director now owns 12,613 shares in the company, valued at C$489,132.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

An institutional investor recently raised its position in Carpenter Technology Corp. stock. Mutual of America Capital Management LLC boosted its position in shares of Carpenter Technology Corp. (NYSE:CRS) by 4.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 34,394 shares of the company’s stock after buying an additional 1,558 shares during the period. Mutual of America Capital Management LLC owned about 0.07% of Carpenter Technology Corp. worth $1,041,000 at the end of the most recent reporting period.

Carpenter Technology Corporation is engaged in the manufacture, fabrication and distribution of specialty metals. It develops, manufactures and distributes cast/wrought and powder metal stainless steels and special alloys used in the oil and gas industry. It provides material solutions to the changing needs of the aerospace and defense, energy, transportation, medical and industrial and consumer industries.

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