South Dakota Investment Council maintained its position in shares of Carpenter Technology Corporation (NYSE:CRS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,300 shares of the basic materials company’s stock at the close of the 2nd quarter. South Dakota Investment Council’s holdings in Carpenter Technology Corporation were worth $423,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Carpenter Technology Corporation by 0.5% in the 1st quarter. FMR LLC now owns 4,719,016 shares of the basic materials company’s stock worth $176,019,000 after purchasing an additional 21,800 shares during the period. UBS Asset Management Americas Inc. lifted its position in shares of Carpenter Technology Corporation by 15.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 29,093 shares of the basic materials company’s stock worth $1,085,000 after purchasing an additional 3,891 shares during the period. Bank of America Corp DE lifted its position in shares of Carpenter Technology Corporation by 9.9% in the 1st quarter. Bank of America Corp DE now owns 193,060 shares of the basic materials company’s stock worth $7,201,000 after purchasing an additional 17,463 shares during the period. Marshall Wace North America L.P. purchased a new stake in shares of Carpenter Technology Corporation in the 2nd quarter worth about $802,000. Finally, Prudential Financial Inc. lifted its position in shares of Carpenter Technology Corporation by 6.2% in the 1st quarter. Prudential Financial Inc. now owns 30,510 shares of the basic materials company’s stock worth $1,138,000 after purchasing an additional 1,780 shares during the period. 93.54% of the stock is owned by hedge funds and other institutional investors.

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Carpenter Technology Corporation (CRS) opened at 41.42 on Friday. The stock has a market capitalization of $1.94 billion, a PE ratio of 41.84 and a beta of 2.09. The company’s 50-day moving average is $39.57 and its 200-day moving average is $37.84. Carpenter Technology Corporation has a 12 month low of $30.37 and a 12 month high of $45.34.

Carpenter Technology Corporation (NYSE:CRS) last released its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.08. Carpenter Technology Corporation had a net margin of 2.61% and a return on equity of 4.48%. The company had revenue of $507.70 million during the quarter, compared to analyst estimates of $502.40 million. During the same period in the prior year, the firm earned $0.35 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities research analysts forecast that Carpenter Technology Corporation will post $2.17 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Tuesday, August 22nd were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, August 18th. Carpenter Technology Corporation’s payout ratio is 72.00%.

Several equities research analysts have recently commented on CRS shares. Zacks Investment Research cut shares of Carpenter Technology Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Cowen and Company reaffirmed a “hold” rating and issued a $37.00 target price on shares of Carpenter Technology Corporation in a research report on Monday, July 17th. Longbow Research lifted their price target on shares of Carpenter Technology Corporation from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, TheStreet raised shares of Carpenter Technology Corporation from a “c+” rating to a “b” rating in a research report on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $43.50.

In other Carpenter Technology Corporation news, Director Jeffrey Wadsworth sold 4,000 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $40.25, for a total transaction of $161,000.00. Following the completion of the sale, the director now directly owns 4,200 shares of the company’s stock, valued at $169,050. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven E. Karol sold 3,877 shares of the stock in a transaction dated Monday, August 7th. The shares were 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 26,522 shares of company stock valued at $1,065,580. Insiders own 3.60% of the company’s stock.

Carpenter Technology Corporation 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.

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

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