Yousif Capital Management LLC Sells 1,805 Shares of Carpenter Technology Co. (NYSE:CRS)

Yousif Capital Management LLC decreased its holdings in Carpenter Technology Co. (NYSE:CRS) by 9.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 17,512 shares of the basic materials company’s stock after selling 1,805 shares during the quarter. Yousif Capital Management LLC’s holdings in Carpenter Technology were worth $2,972,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CRS. UMB Bank n.a. lifted its holdings in shares of Carpenter Technology by 169.0% in the fourth quarter. UMB Bank n.a. now owns 304 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 191 shares in the last quarter. nVerses Capital LLC bought a new position in Carpenter Technology during the 3rd quarter valued at $64,000. Banque Cantonale Vaudoise purchased a new position in Carpenter Technology during the 3rd quarter worth $65,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Carpenter Technology in the 3rd quarter worth $80,000. Finally, Morse Asset Management Inc purchased a new stake in shares of Carpenter Technology in the third quarter valued at about $84,000. Institutional investors and hedge funds own 92.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CRS. JPMorgan Chase & Co. boosted their price target on shares of Carpenter Technology from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Benchmark reaffirmed a “buy” rating and issued a $175.00 target price on shares of Carpenter Technology in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $155.50.

Carpenter Technology Stock Performance

Shares of CRS stock opened at $187.93 on Monday. Carpenter Technology Co. has a 52 week low of $60.65 and a 52 week high of $213.65. The firm’s 50-day simple moving average is $187.40 and its two-hundred day simple moving average is $166.72. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 35.46, a P/E/G ratio of 0.88 and a beta of 1.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.92 and a current ratio of 3.80.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.08. Carpenter Technology had a return on equity of 19.88% and a net margin of 9.34%. As a group, equities analysts forecast that Carpenter Technology Co. will post 6.83 earnings per share for the current year.

Carpenter Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Friday, February 28th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Tuesday, January 28th. Carpenter Technology’s dividend payout ratio (DPR) is currently 15.09%.

About Carpenter Technology

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.