Carpenter Technology (NYSE:CRS) Reaches New 1-Year High at $83.88

Carpenter Technology Co. (NYSE:CRS)’s stock price reached a new 52-week high on Friday . The stock traded as high as $83.88 and last traded at $83.76, with a volume of 41593 shares changing hands. The stock had previously closed at $81.75.

Carpenter Technology Stock Up 2.1 %

The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 28.28 and a beta of 1.56. The business has a fifty day moving average price of $70.46 and a two-hundred day moving average price of $67.90.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings data on Thursday, January 25th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.85. Carpenter Technology had a return on equity of 10.21% and a net margin of 5.27%. The business had revenue of $624.20 million during the quarter, compared to analyst estimates of $669.56 million. On average, equities analysts predict that Carpenter Technology Co. will post 3.96 earnings per share for the current year.

Carpenter Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Tuesday, April 23rd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.96%. The ex-dividend date is Monday, April 22nd. This is a positive change from Carpenter Technology’s previous quarterly dividend of $0.18. Carpenter Technology’s dividend payout ratio (DPR) is presently 27.68%.

Institutional Trading of Carpenter Technology

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cape Investment Advisory Inc. acquired a new stake in shares of Carpenter Technology in the fourth quarter worth $29,000. Johnson Financial Group Inc. bought a new stake in Carpenter Technology during the fourth quarter valued at about $31,000. Westend Capital Management LLC acquired a new stake in shares of Carpenter Technology in the first quarter valued at about $36,000. Fifth Third Bancorp increased its stake in shares of Carpenter Technology by 322.5% in the fourth quarter. Fifth Third Bancorp now owns 1,162 shares of the basic materials company’s stock worth $82,000 after purchasing an additional 887 shares during the period. Finally, NBC Securities Inc. acquired a new position in shares of Carpenter Technology during the 3rd quarter worth about $91,000. Institutional investors and hedge funds own 92.03% of the company’s stock.

Carpenter Technology Company 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.