Carpenter Technology Co. (NYSE:CRS) Holdings Cut by Compass Wealth Management LLC

Compass Wealth Management LLC cut its stake in shares of Carpenter Technology Co. (NYSE:CRS) by 28.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,400 shares of the basic materials company’s stock after selling 550 shares during the quarter. Compass Wealth Management LLC’s holdings in Carpenter Technology were worth $238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kimelman & Baird LLC bought a new position in Carpenter Technology during the 2nd quarter worth $33,000. UMB Bank n.a. grew its position in shares of Carpenter Technology by 169.0% during the fourth quarter. UMB Bank n.a. now owns 304 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 191 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Carpenter Technology by 58.0% in 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. nVerses Capital LLC acquired a new position in Carpenter Technology during the 3rd quarter valued at about $64,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Carpenter Technology during the third quarter valued at approximately $65,000. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRS has been the topic of several recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $175.00 target price on shares of Carpenter Technology in a research note on Friday, October 25th. JPMorgan Chase & Co. assumed coverage on shares of Carpenter Technology in a research note on Friday, November 22nd. They set an “overweight” rating and a $220.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat, Carpenter Technology presently has an average rating of “Moderate Buy” and an average price target of $153.00.

Carpenter Technology Stock Down 0.9 %

Shares of CRS stock opened at $210.59 on Friday. Carpenter Technology Co. has a 1 year low of $58.87 and a 1 year high of $213.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.00 and a current ratio of 3.84. The business’s fifty day moving average is $186.11 and its 200-day moving average is $160.53. The stock has a market cap of $10.50 billion, a PE ratio of 46.90, a price-to-earnings-growth ratio of 0.98 and a beta of 1.55.

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 analysts’ consensus estimates of $1.58 by $0.15. Carpenter Technology had a return on equity of 18.01% and a net margin of 8.05%. The firm had revenue of $717.60 million for the quarter, compared to analyst estimates of $742.96 million. During the same period in the previous year, the company earned $0.88 earnings per share. Carpenter Technology’s revenue was up 10.1% compared to the same quarter last year. Equities analysts expect that Carpenter Technology Co. will post 6.77 earnings per share for the current fiscal year.

Carpenter Technology Announces Dividend

The firm also recently announced 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. The ex-dividend date is Tuesday, January 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.38%. Carpenter Technology’s payout ratio is currently 17.82%.

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.