New Amsterdam Partners LLC NY bought a new position in Carpenter Technology Corporation (NYSE:CRS) during the second quarter, Holdings Channel reports. The firm bought 70,129 shares of the basic materials company’s stock, valued at approximately $2,625,000.

A number of other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its position in shares of Carpenter Technology Corporation by 17,365.7% in the first quarter. BlackRock Inc. now owns 5,071,683 shares of the basic materials company’s stock worth $189,174,000 after buying an additional 5,042,645 shares in the last quarter. Deprince Race & Zollo Inc. raised its position in shares of Carpenter Technology Corporation by 41.8% in the first quarter. Deprince Race & Zollo Inc. now owns 898,268 shares of the basic materials company’s stock worth $33,505,000 after buying an additional 264,658 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Carpenter Technology Corporation by 6.1% in the first quarter. Vanguard Group Inc. now owns 3,909,291 shares of the basic materials company’s stock worth $145,817,000 after buying an additional 223,197 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Carpenter Technology Corporation by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,926,931 shares of the basic materials company’s stock worth $146,473,000 after buying an additional 206,068 shares in the last quarter. Finally, Chartwell Investment Partners LLC acquired a new position in shares of Carpenter Technology Corporation during the first quarter worth $2,686,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Carpenter Technology Corporation (NYSE CRS) opened at 37.90 on Friday. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 38.28 and a beta of 2.08. The firm has a 50-day moving average price of $38.33 and a 200-day moving average price of $38.16. Carpenter Technology Corporation has a 52 week low of $30.37 and a 52 week high of $45.34.

Carpenter Technology Corporation (NYSE:CRS) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.08. Carpenter Technology Corporation had a return on equity of 4.48% and a net margin of 2.61%. The company had revenue of $507.70 million for the quarter, compared to analysts’ expectations of $502.40 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Analysts anticipate that Carpenter Technology Corporation will post $2.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Tuesday, August 22nd will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $0.72 annualized dividend and a yield of 1.90%. Carpenter Technology Corporation’s payout ratio is currently 72.00%.

WARNING: “70,129 Shares in Carpenter Technology Corporation (CRS) Acquired by New Amsterdam Partners LLC NY” was published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/08/13/70129-shares-in-carpenter-technology-corporation-crs-acquired-by-new-amsterdam-partners-llc-ny.html.

A number of equities analysts have weighed in on CRS shares. Zacks Investment Research lowered Carpenter Technology Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Cowen and Company restated a “hold” rating and issued a $37.00 target price on shares of Carpenter Technology Corporation in a research note on Thursday, April 27th. TheStreet upgraded Carpenter Technology Corporation from a “c+” rating to a “b” rating in a research note on Thursday, July 27th. Finally, Longbow Research upped their target price on Carpenter Technology Corporation from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $43.50.

In other Carpenter Technology Corporation news, Director Steven E. Karol sold 3,877 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $40.18, for a total transaction of $155,777.86. Following the sale, the director now directly owns 230,418 shares of the company’s stock, valued at $9,258,195.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired 294,000 shares of company stock worth $21,490 over the last three months. 3.60% of the stock is currently owned by insiders.

Carpenter Technology Corporation Company Profile

Carpenter Technology Corporation is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company’s segments include Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). Its SAO segment consists of alloy and stainless steel manufacturing operations.

Want to see what other hedge funds are holding CRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carpenter Technology Corporation (NYSE:CRS).

Institutional Ownership by Quarter for Carpenter Technology Corporation (NYSE:CRS)

Receive News & Ratings for Carpenter Technology Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carpenter Technology Corporation and related companies with MarketBeat.com's FREE daily email newsletter.