Janus Henderson Group PLC Decreases Holdings in Carpenter Technology Co. (NYSE:CRS)

Janus Henderson Group PLC trimmed its holdings in shares of Carpenter Technology Co. (NYSE:CRS) by 0.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,940 shares of the basic materials company’s stock after selling 190 shares during the period. Janus Henderson Group PLC’s holdings in Carpenter Technology were worth $3,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Kimelman & Baird LLC acquired a new stake in shares of Carpenter Technology during the second quarter worth about $33,000. National Bank of Canada FI acquired a new stake in shares of Carpenter Technology during the second quarter worth about $49,000. EverSource Wealth Advisors LLC increased its position in shares of Carpenter Technology by 58.0% during the second quarter. EverSource Wealth Advisors LLC now owns 485 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 178 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Carpenter Technology during the third quarter worth about $64,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Carpenter Technology during the third quarter worth about $65,000. 92.03% of the stock is owned by hedge funds and other institutional investors.

Carpenter Technology Stock Performance

Shares of CRS stock opened at $181.04 on Thursday. The stock has a market capitalization of $9.02 billion, a PE ratio of 40.32, a price-to-earnings-growth ratio of 0.97 and a beta of 1.52. Carpenter Technology Co. has a 52-week low of $58.87 and a 52-week high of $198.24. The stock’s 50-day moving average price is $172.44 and its 200 day moving average price is $143.23. The company has a quick ratio of 2.00, a current ratio of 3.84 and a debt-to-equity ratio of 0.42.

Carpenter Technology (NYSE:CRS) last released its earnings results on Thursday, October 24th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.15. Carpenter Technology had a return on equity of 18.01% and a net margin of 8.05%. The company had revenue of $717.60 million for the quarter, compared to analysts’ expectations of $742.96 million. During the same quarter in the previous year, the firm posted $0.88 EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, equities research analysts forecast that Carpenter Technology Co. will post 6.74 EPS for the current year.

Carpenter Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Tuesday, October 22nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Tuesday, October 22nd. Carpenter Technology’s payout ratio is 17.82%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CRS. Benchmark reiterated a “buy” rating and set a $175.00 target price on shares of Carpenter Technology in a research report on Friday, October 25th. JPMorgan Chase & Co. assumed coverage on Carpenter Technology in a research report on Friday, November 22nd. They issued an “overweight” rating and a $220.00 price target on the stock. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Carpenter Technology currently has an average rating of “Moderate Buy” and an average price target of $153.00.

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.