Sanctuary Advisors LLC Makes New $193,000 Investment in Carpenter Technology Co. (NYSE:CRS)

Sanctuary Advisors LLC acquired a new stake in shares of Carpenter Technology Co. (NYSE:CRS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,138 shares of the basic materials company’s stock, valued at approximately $193,000.

Other large investors have also recently made changes to their positions in the company. FMR LLC grew its holdings in Carpenter Technology by 47.1% during the 3rd quarter. FMR LLC now owns 3,465,295 shares of the basic materials company’s stock valued at $552,992,000 after buying an additional 1,108,963 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Carpenter Technology by 428.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 592,034 shares of the basic materials company’s stock valued at $103,714,000 after acquiring an additional 479,985 shares during the last quarter. Forest Avenue Capital Management LP bought a new position in shares of Carpenter Technology during the 3rd quarter valued at approximately $25,262,000. WCM Investment Management LLC purchased a new position in shares of Carpenter Technology in the third quarter valued at $18,868,000. Finally, Holocene Advisors LP bought a new stake in Carpenter Technology in the third quarter worth $17,337,000. 92.03% of the stock is owned by institutional investors.

Carpenter Technology Stock Up 0.6 %

Shares of CRS opened at $203.24 on Thursday. The company has a quick ratio of 1.92, a current ratio of 3.80 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average of $193.16 and a 200 day moving average of $173.60. The company has a market cap of $10.15 billion, a PE ratio of 38.35, a P/E/G ratio of 0.93 and a beta of 1.54. Carpenter Technology Co. has a 52-week low of $63.58 and a 52-week high of $213.66.

Carpenter Technology (NYSE:CRS) last announced its earnings results on Thursday, January 30th. The basic materials company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.08. Carpenter Technology had a net margin of 9.34% and a return on equity of 19.88%. On average, sell-side analysts expect that Carpenter Technology Co. will post 6.83 EPS for the current year.

Carpenter Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, January 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.39%. Carpenter Technology’s dividend payout ratio is 15.09%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. BTIG Research set a $230.00 price objective on shares of Carpenter Technology in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their target price on shares of Carpenter Technology from $235.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $167.17.

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.