180 Wealth Advisors LLC Has $207,000 Stock Holdings in Carpenter Technology Co. (NYSE:CRS)

180 Wealth Advisors LLC trimmed its stake in shares of Carpenter Technology Co. (NYSE:CRS) by 11.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,217 shares of the basic materials company’s stock after selling 158 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Carpenter Technology were worth $207,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Kimelman & Baird LLC bought a new stake in Carpenter Technology during the 2nd quarter worth approximately $33,000. EverSource Wealth Advisors LLC grew its holdings in Carpenter Technology by 58.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 485 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 178 shares during the last quarter. nVerses Capital LLC bought a new stake in Carpenter Technology during the 3rd quarter worth approximately $64,000. Banque Cantonale Vaudoise bought a new stake in Carpenter Technology during the 3rd quarter worth approximately $65,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Carpenter Technology during the 3rd quarter worth approximately $80,000. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Benchmark reissued a “buy” rating and set a $175.00 target price on shares of Carpenter Technology in a report on Friday, October 25th. JPMorgan Chase & Co. initiated coverage on shares of Carpenter Technology in a report on Friday, November 22nd. They set an “overweight” rating and a $220.00 target price on the stock. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $153.00.

Carpenter Technology Trading Up 1.3 %

NYSE:CRS opened at $198.64 on Thursday. The firm’s fifty day moving average is $181.21 and its 200-day moving average is $155.62. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.00 and a current ratio of 3.84. Carpenter Technology Co. has a 52 week low of $58.87 and a 52 week high of $202.25. The firm has a market cap of $9.90 billion, a P/E ratio of 44.24, a P/E/G ratio of 0.87 and a beta of 1.52.

Carpenter Technology (NYSE:CRS) last posted its quarterly earnings data on Thursday, October 24th. The basic materials company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.15. The company had revenue of $717.60 million for the quarter, compared to analyst estimates of $742.96 million. Carpenter Technology had a net margin of 8.05% and a return on equity of 18.01%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 EPS. Equities analysts expect that Carpenter Technology Co. will post 6.74 earnings per share for the current year.

Carpenter Technology Dividend Announcement

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 paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.40%. Carpenter Technology’s dividend payout ratio is presently 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.