Crossmark Global Holdings Inc. Sells 192 Shares of Carpenter Technology Co. (NYSE:CRS)

Crossmark Global Holdings Inc. lessened its stake in shares of Carpenter Technology Co. (NYSE:CRS) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,701 shares of the basic materials company’s stock after selling 192 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Carpenter Technology were worth $629,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Hsbc Holdings PLC grew its holdings in Carpenter Technology by 25.6% in the 2nd quarter. Hsbc Holdings PLC now owns 5,532 shares of the basic materials company’s stock worth $598,000 after acquiring an additional 1,126 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Carpenter Technology by 58.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 485 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 178 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Carpenter Technology by 260.4% during the second quarter. Bank of Montreal Can now owns 77,547 shares of the basic materials company’s stock valued at $8,512,000 after buying an additional 56,030 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Carpenter Technology by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 26,930 shares of the basic materials company’s stock worth $2,951,000 after acquiring an additional 328 shares during the period. Finally, Lighthouse Investment Partners LLC purchased a new position in shares of Carpenter Technology during the second quarter valued at about $1,460,000. 92.03% of the stock is owned by hedge funds and other institutional investors.

Carpenter Technology Stock Performance

Carpenter Technology stock opened at $210.59 on Friday. Carpenter Technology Co. has a twelve month low of $58.87 and a twelve month high of $213.65. 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 capitalization of $10.50 billion, a P/E ratio of 46.90, a PEG ratio of 0.98 and a beta of 1.55. The stock’s 50 day moving average is $186.11 and its 200 day moving average is $160.91.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings results on Thursday, October 24th. The basic materials company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.15. The firm had revenue of $717.60 million during the quarter, compared to the consensus estimate of $742.96 million. Carpenter Technology had a return on equity of 18.01% and a net margin of 8.05%. The company’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the company earned $0.88 earnings per share. On average, equities research analysts predict that Carpenter Technology Co. will post 6.77 earnings per share for the current fiscal year.

Carpenter Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, January 28th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, January 28th. This represents a $0.80 annualized dividend and a yield of 0.38%. Carpenter Technology’s dividend payout ratio (DPR) is presently 17.82%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CRS. Benchmark reaffirmed a “buy” rating and set a $175.00 price objective on shares of Carpenter Technology in a research report on Friday, October 25th. JPMorgan Chase & Co. began coverage on Carpenter Technology in a research note on Friday, November 22nd. They issued an “overweight” rating and a $220.00 price target on the stock. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $153.00.

Carpenter Technology Company 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.