Carpenter Technology Co. (NYSE:CRS) CFO Timothy Lain bought 3,250 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were acquired at an average cost of $18.18 per share, with a total value of $59,085.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of NYSE:CRS traded up $0.54 during trading on Thursday, reaching $20.94. 23,159 shares of the stock traded hands, compared to its average volume of 532,414. The stock has a 50-day moving average of $34.34 and a two-hundred day moving average of $46.28. Carpenter Technology Co. has a 52-week low of $13.60 and a 52-week high of $56.33. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.92 and a current ratio of 2.72. The stock has a market cap of $925.39 million, a P/E ratio of 5.75 and a beta of 2.10.

Carpenter Technology (NYSE:CRS) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported $0.83 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.04). Carpenter Technology had a net margin of 7.47% and a return on equity of 10.89%. The firm had revenue of $573.00 million for the quarter, compared to analysts’ expectations of $575.83 million. During the same quarter in the previous year, the company earned $0.76 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. Sell-side analysts expect that Carpenter Technology Co. will post 3.3 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.20 per share. This is a boost from Carpenter Technology’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, January 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.82%. Carpenter Technology’s dividend payout ratio is presently 23.12%.

Several large investors have recently bought and sold shares of CRS. Norges Bank purchased a new stake in shares of Carpenter Technology during the fourth quarter valued at approximately $29,865,000. FMR LLC boosted its stake in shares of Carpenter Technology by 121.6% during the 4th quarter. FMR LLC now owns 406,813 shares of the basic materials company’s stock worth $20,251,000 after purchasing an additional 223,210 shares during the period. State Street Corp boosted its stake in shares of Carpenter Technology by 10.2% during the 4th quarter. State Street Corp now owns 1,989,775 shares of the basic materials company’s stock worth $99,051,000 after purchasing an additional 183,873 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Carpenter Technology by 7.5% during the 4th quarter. Alliancebernstein L.P. now owns 1,988,652 shares of the basic materials company’s stock worth $98,995,000 after purchasing an additional 139,260 shares during the period. Finally, Man Group plc boosted its stake in shares of Carpenter Technology by 1,749.6% during the 3rd quarter. Man Group plc now owns 101,726 shares of the basic materials company’s stock worth $5,255,000 after purchasing an additional 96,226 shares during the period. Hedge funds and other institutional investors own 92.00% of the company’s stock.

A number of brokerages have weighed in on CRS. Zacks Investment Research raised their target price on shares of Carpenter Technology to $56.00 in a research note on Wednesday, January 22nd. They noted that the move was a valuation call. Longbow Research downgraded shares of Carpenter Technology from a “buy” rating to a “neutral” rating in a research note on Monday, December 16th. ValuEngine downgraded shares of Carpenter Technology from a “hold” rating to a “sell” rating in a research note on Monday, March 9th. TheStreet downgraded shares of Carpenter Technology from a “b-” rating to a “c+” rating in a research note on Monday, March 9th. Finally, Benchmark initiated coverage on shares of Carpenter Technology in a report on Thursday, January 16th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Carpenter Technology has an average rating of “Hold” and a consensus price target of $57.50.

Carpenter Technology Company Profile

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. The company operates through two segments, Specialty Alloys Operations and Performance Engineered Products. It offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as drilling tools; and metal powders and parts.

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

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