Great West Life Assurance Co. Can maintained its position in shares of Carpenter Technology Corp. (NYSE:CRS) during the second quarter, Holdings Channel reports. The firm owned 5,245 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Carpenter Technology Corp. were worth $179,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Emerald Acquisition Ltd. purchased a new position in shares of Carpenter Technology Corp. during the second quarter valued at approximately $4,382,000. KBC Group NV purchased a new position in shares of Carpenter Technology Corp. during the second quarter valued at approximately $603,000. Mutual of America Capital Management LLC raised its position in shares of Carpenter Technology Corp. by 10.6% in the second quarter. Mutual of America Capital Management LLC now owns 35,042 shares of the company’s stock valued at $1,154,000 after buying an additional 3,347 shares in the last quarter. Societe Generale purchased a new position in shares of Carpenter Technology Corp. during the second quarter valued at approximately $631,000. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Carpenter Technology Corp. by 2.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 16,752 shares of the company’s stock valued at $552,000 after buying an additional 380 shares in the last quarter. 96.25% of the stock is owned by institutional investors and hedge funds.

Carpenter Technology Corp. (NYSE:CRS) traded up 0.93% during midday trading on Friday, reaching $35.91. The company had a trading volume of 524,924 shares. The company has a market capitalization of $1.67 billion, a P/E ratio of 156.13 and a beta of 1.97. The firm has a 50-day moving average of $37.46 and a 200 day moving average of $34.83. Carpenter Technology Corp. has a 1-year low of $23.99 and a 1-year high of $40.46.

Carpenter Technology Corp. (NYSE:CRS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $457.70 million for the quarter, compared to the consensus estimate of $454 million. Carpenter Technology Corp. had a return on equity of 4.66% and a net margin of 0.63%. Carpenter Technology Corp.’s quarterly revenue was down 18.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 EPS. On average, equities research analysts forecast that Carpenter Technology Corp. will post $1.52 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Tuesday, August 23rd were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Friday, August 19th. Carpenter Technology Corp.’s dividend payout ratio (DPR) is presently 327.27%.

CRS has been the subject of several recent analyst reports. Seaport Global Securities initiated coverage on Carpenter Technology Corp. in a research report on Friday, September 9th. They issued a “neutral” rating and a $38.00 price target for the company. Zacks Investment Research lowered Carpenter Technology Corp. from a “buy” rating to a “hold” rating in a research report on Monday, August 22nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $42.00 price target on shares of Carpenter Technology Corp. in a research report on Friday, July 8th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of C$37.80.

In other Carpenter Technology Corp. news, Director Gregory A. Pratt sold 10,358 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of C$38.78, for a total value of C$401,683.24. Following the transaction, the director now owns 12,613 shares of the company’s stock, valued at approximately C$489,132.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.40% of the stock is owned by company insiders.

Carpenter Technology Corp. Company Profile

Carpenter Technology Corporation is engaged in the manufacture, fabrication and distribution of specialty metals. It develops, manufactures and distributes cast/wrought and powder metal stainless steels and special alloys used in the oil and gas industry. It provides material solutions to the changing needs of the aerospace and defense, energy, transportation, medical and industrial and consumer industries.

5 Day Chart for NYSE:CRS

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