Stephens Inc. AR Has $270,000 Stock Holdings in Carpenter Technology Co. (NYSE:CRS)

Stephens Inc. AR grew its position in shares of Carpenter Technology Co. (NYSE:CRS) by 8.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,621 shares of the basic materials company’s stock after purchasing an additional 448 shares during the quarter. Stephens Inc. AR’s holdings in Carpenter Technology were worth $270,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its stake in shares of Carpenter Technology by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 18,980 shares of the basic materials company’s stock valued at $911,000 after purchasing an additional 271 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in shares of Carpenter Technology by 5.3% during the second quarter. Eqis Capital Management Inc. now owns 6,144 shares of the basic materials company’s stock valued at $295,000 after purchasing an additional 307 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Carpenter Technology by 1.1% during the second quarter. Arizona State Retirement System now owns 34,391 shares of the basic materials company’s stock valued at $1,650,000 after purchasing an additional 369 shares in the last quarter. Mason Street Advisors LLC boosted its stake in shares of Carpenter Technology by 1.5% during the first quarter. Mason Street Advisors LLC now owns 25,195 shares of the basic materials company’s stock valued at $1,155,000 after purchasing an additional 383 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Carpenter Technology by 16.7% during the first quarter. SG Americas Securities LLC now owns 3,592 shares of the basic materials company’s stock valued at $165,000 after purchasing an additional 515 shares in the last quarter. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

Carpenter Technology stock opened at $45.08 on Friday. The stock’s 50 day moving average is $46.48 and its 200 day moving average is $46.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.97 and a quick ratio of 1.08. The firm has a market cap of $2.23 billion, a P/E ratio of 13.03 and a beta of 2.42. Carpenter Technology Co. has a one year low of $32.77 and a one year high of $60.78.

Carpenter Technology (NYSE:CRS) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.06. The company had revenue of $641.40 million for the quarter, compared to analyst estimates of $637.84 million. Carpenter Technology had a return on equity of 10.33% and a net margin of 7.02%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 earnings per share. Equities analysts anticipate that Carpenter Technology Co. will post 3.91 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Tuesday, August 27th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Monday, August 26th. Carpenter Technology’s dividend payout ratio is currently 23.12%.

CRS has been the topic of a number of recent research reports. ValuEngine raised Carpenter Technology from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Zacks Investment Research raised Carpenter Technology from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Wednesday, June 19th. Finally, Longbow Research set a $59.00 price objective on Carpenter Technology and gave the stock a “buy” rating in a research note on Friday, June 14th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $52.50.

Carpenter Technology Company Profile

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. The company operates through two segments, Specialty Alloys Operations and Performance Engineered Products. It offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as drilling tools; and metal powders and parts.

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Institutional Ownership by Quarter for Carpenter Technology (NYSE:CRS)

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