1,836 Shares in Carpenter Technology Co. (NYSE:CRS) Acquired by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC bought a new stake in Carpenter Technology Co. (NYSE:CRS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,836 shares of the basic materials company’s stock, valued at approximately $293,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its stake in shares of Carpenter Technology by 22.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,792 shares of the basic materials company’s stock valued at $1,199,000 after buying an additional 3,030 shares during the period. Blair William & Co. IL purchased a new position in Carpenter Technology in the first quarter worth approximately $307,000. Vanguard Group Inc. grew its holdings in Carpenter Technology by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 5,686,022 shares of the basic materials company’s stock worth $406,096,000 after acquiring an additional 15,564 shares in the last quarter. Covestor Ltd increased its position in shares of Carpenter Technology by 469.2% in the 1st quarter. Covestor Ltd now owns 831 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 685 shares during the last quarter. Finally, UniSuper Management Pty Ltd acquired a new stake in shares of Carpenter Technology in the 1st quarter valued at $795,000. 92.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Benchmark restated a “buy” rating and set a $175.00 target price on shares of Carpenter Technology in a research note on Friday, October 25th. BTIG Research boosted their price objective on shares of Carpenter Technology from $120.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Carpenter Technology has an average rating of “Moderate Buy” and an average target price of $139.60.

Carpenter Technology Price Performance

CRS opened at $180.98 on Friday. The company has a 50 day moving average of $161.90 and a two-hundred day moving average of $134.76. Carpenter Technology Co. has a 52-week low of $58.87 and a 52-week high of $187.03. The company has a quick ratio of 2.00, a current ratio of 3.84 and a debt-to-equity ratio of 0.42. The company has a market cap of $9.02 billion, a P/E ratio of 40.31, a P/E/G ratio of 0.94 and a beta of 1.46.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings data on Thursday, October 24th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.15. Carpenter Technology had a net margin of 8.05% and a return on equity of 18.01%. The company had revenue of $717.60 million during the quarter, compared to the consensus estimate of $742.96 million. During the same quarter last year, the company earned $0.88 earnings per share. Carpenter Technology’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, analysts expect that Carpenter Technology Co. will post 6.61 earnings per share for the current year.

Carpenter Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Tuesday, October 22nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.44%. The ex-dividend date is Tuesday, October 22nd. Carpenter Technology’s dividend payout ratio (DPR) is presently 17.82%.

Carpenter Technology 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.