Dimensional Fund Advisors LP Purchases Shares of Carpenter Technology Co. (NYSE:CRS)


Dimensional Fund Advisors LP has increased its position at Carpenter Technology Co. (New York Stock Exchange: CRSget rating) increased 3.7% during the third quarter, according to the latest disclosures with the Securities and Exchange Commission. The institutional investor owned his 3,445,284 shares of the basic materials company after acquiring an additional 122,308 of his shares during the quarter. Dimensional Fund Advisors LP said at the end of the most recent quarter he owned 7.11% of Carpenter Technology worth $17,289,000.

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Several other hedge funds have also increased or decreased their stakes in CRS recently. Tower Research Capital LLC TRC increased its stake in Carpenter Technology by 1,913.7% in the third quarter. Tower Research Capital LLC TRC now owns 18,566 shares of the underlying materials company worth $578,000 after he purchased an additional 17,644 shares during the previous quarter. Boston Partners increased its Carpenter Technology stock position by 21.2% in the third quarter. Boston Partners owns his 13,784 shares of Basic Materials Company stock valued at $429,000 after he acquired an additional 2,411 shares during the previous quarter. Aigen Investment Management LP purchased approximately $219,000 worth of new Carpenter Technologies stock in the third quarter. Allianz Asset Management GmbH purchased new shares in Carpenter Technology worth approximately $373,000 in the third quarter. Finally, Mutual of America Capital Management LLC increased its position in Carpenter Technologies stock by 18.5% in the third quarter. Mutual of America Capital Management LLC now owns 9,606 shares of the foundation materials company worth $299,000 after acquiring an additional 1,497 shares in the previous quarter. 92.28% of the shares are currently owned by hedge funds and other institutional investors.

Insider trading at Carpenter Technology

In another news from Carpenter Technology, CAO Elizabeth A. Socci sold 5,722 shares in the company in a deal on Tuesday, February 14th. The shares sold for a total of $289,304.32 at an average price of $50.56. Following the closing of the sale, the Chief Accounting Officer now owns 11,755 shares of the Company’s stock valued at $594,332.80. The transaction was disclosed in filings with the SEC. This hyperlink3.50% of the shares are owned by corporate insiders.

Carpenter technology price-performance ratio

shares of NYSE CRS Opened Monday for $50.25. The company has a debt to equity ratio of 0.52, a current ratio of 2.52 and a quick ratio of 1.10. His 50-day moving average price for this stock is $43.32 and its 200-day moving average price is $39.18. Carpenter Technology Co. has a one-year low of $24.76 and a one-year high of $51.71. The company has a market capitalization of $2.44 billion, a PE ratio of -418.75 and a beta of 1.78.

Carpenter Technology (New York Stock Exchange: CRSget rating) last reported quarterly results on Thursday, January 26. The basic materials company reported earnings of $0.13 per share for the quarter, beating consensus expectations of $0.12 by $0.01. Carpenter Technology’s return on equity was 0.78% and net profit margin was 0.26%. The company reported fourth-quarter revenue of $579.1 million, compared to consensus expectations of $525.67 million. During the same period last year, the company earned his earnings per share ($0.58). The company’s revenue for the quarter increased 46.2% year-on-year. Sell-side analysts expect Carpenter Technology Co. to post 1.05 EPS this year.

Notice of Carpenter Technology Dividend

The business recently announced a quarterly dividend payable on Thursday, March 2nd. Dividends of $0.20 per share will be issued to investors of record on Tuesday, January 31. This represents his $0.80 dividend and his 1.59% dividend yield on an annualized basis. The ex-dividend date for this dividend is January 30 (Monday). Carpenter Technology’s payout ratio is currently -666.67%.

Analyst upgrades and downgrades

Recently, a number of brokerage firms have issued reports on CRS. Cowen raised his price target on Carpenter Technology stock from his $50.00 to his $54.00, giving it an “outperform” rating in its research report on Friday, Jan. 27. StockNews.com upgraded Carpenter Technologies’ shares from a ‘sell’ rating to a ‘pending’ rating in a research report on Thursday, January 26.

About Carpenter Technology

(get rating)

Carpenter Technology Corp. manufactures, processes and markets specialty metals. It operates through its Specialty Alloys Operations and Performance Engineering Products segments. The Specialty Alloys Business segment consists of major high-grade alloys and stainless steel manufacturing operations.

Related item

Want to know which other hedge funds hold CRS? Visit HoldingsChannel.com To obtain Carpenter Technology Co.’s latest 13F filings and insider trading (New York Stock Exchange: CRSget rating).

Carpenter Technology (NYSE:CRS) Quarterly Institutional Ownership

This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.

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