Carpenter Technology Co. (NYSE:CRS) Holdings Boosted by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in Carpenter Technology Co. (NYSE:CRS) by 161.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,686 shares of the basic materials company’s stock after purchasing an additional 5,985 shares during the period. SG Americas Securities LLC’s holdings in Carpenter Technology were worth $1,644,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CRS. Kimelman & Baird LLC acquired a new position in Carpenter Technology during the second quarter valued at $33,000. UMB Bank n.a. grew its stake in Carpenter Technology by 169.0% during the 4th quarter. UMB Bank n.a. now owns 304 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 191 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Carpenter Technology in the 3rd quarter valued at about $64,000. Banque Cantonale Vaudoise purchased a new stake in shares of Carpenter Technology in the third quarter worth approximately $65,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Carpenter Technology during the third quarter worth approximately $80,000. Institutional investors and hedge funds own 92.03% of the company’s stock.

Carpenter Technology Trading Down 5.4 %

Carpenter Technology stock opened at $199.28 on Tuesday. Carpenter Technology Co. has a one year low of $58.87 and a one year high of $213.65. The company’s fifty day moving average price is $186.51 and its two-hundred day moving average price is $161.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.84 and a quick ratio of 2.00. The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of 44.38, a PEG ratio of 0.98 and a beta of 1.55.

Carpenter Technology Announces Dividend

The business 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 annualized dividend and a yield of 0.40%. Carpenter Technology’s dividend payout ratio (DPR) is currently 17.82%.

Analysts Set New Price Targets

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

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.