Carpenter Technology Co. (NYSE:CRS) COO Joseph E. Haniford sold 11,448 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $49.09, for a total transaction of $561,982.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Carpenter Technology Co. (NYSE:CRS) traded down $0.16 during trading on Wednesday, reaching $50.31. 386,700 shares of the company’s stock traded hands, compared to its average volume of 349,827. Carpenter Technology Co. has a one year low of $34.24 and a one year high of $51.88. The company has a market cap of $2,362.83, a PE ratio of 30.40 and a beta of 2.07. The company has a current ratio of 2.91, a quick ratio of 0.98 and a debt-to-equity ratio of 0.45.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.05. Carpenter Technology had a net margin of 4.06% and a return on equity of 6.67%. The business had revenue of $479.80 million for the quarter, compared to analysts’ expectations of $448.46 million. During the same period last year, the business earned ($0.08) EPS. The company’s revenue was up 23.3% compared to the same quarter last year. research analysts predict that Carpenter Technology Co. will post 2.24 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Tuesday, October 24th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Monday, October 23rd. Carpenter Technology’s dividend payout ratio is currently 44.44%.

CRS has been the topic of a number of research analyst reports. Cowen restated a “hold” rating and issued a $37.00 price target on shares of Carpenter Technology in a report on Thursday, October 19th. KeyCorp restated a “hold” rating on shares of Carpenter Technology in a report on Thursday, November 16th. Finally, Zacks Investment Research upgraded shares of Carpenter Technology from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Tuesday, October 3rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Carpenter Technology currently has a consensus rating of “Buy” and an average price target of $48.17.

Several large investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its position in shares of Carpenter Technology by 6.2% in the 1st quarter. Teachers Advisors LLC now owns 83,504 shares of the basic materials company’s stock valued at $3,115,000 after purchasing an additional 4,891 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Carpenter Technology by 1.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 5,244 shares of the basic materials company’s stock valued at $196,000 after purchasing an additional 92 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of Carpenter Technology by 7.7% in the 2nd quarter. Capstone Asset Management Co. now owns 6,029 shares of the basic materials company’s stock valued at $226,000 after purchasing an additional 430 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Carpenter Technology by 4.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 17,018 shares of the basic materials company’s stock valued at $637,000 after purchasing an additional 745 shares during the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of Carpenter Technology by 17.4% in the 2nd quarter. LS Investment Advisors LLC now owns 3,746 shares of the basic materials company’s stock valued at $140,000 after purchasing an additional 556 shares during the last quarter. Institutional investors and hedge funds own 95.97% of the company’s stock.

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Carpenter Technology 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.

Insider Buying and Selling by Quarter for Carpenter Technology (NYSE:CRS)

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