Aperio Group LLC boosted its position in Carpenter Technology Corporation (NYSE:CRS) by 19.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,501 shares of the basic materials company’s stock after buying an additional 4,064 shares during the period. Aperio Group LLC’s holdings in Carpenter Technology Corporation were worth $917,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Elkfork Partners LLC raised its position in shares of Carpenter Technology Corporation by 3.3% in the first quarter. Elkfork Partners LLC now owns 3,196 shares of the basic materials company’s stock worth $119,000 after buying an additional 102 shares during the period. Dubuque Bank & Trust Co. purchased a new position in shares of Carpenter Technology Corporation during the first quarter worth $134,000. LS Investment Advisors LLC raised its position in shares of Carpenter Technology Corporation by 17.4% in the second quarter. LS Investment Advisors LLC now owns 3,746 shares of the basic materials company’s stock worth $140,000 after buying an additional 556 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Carpenter Technology Corporation by 1.8% in the first quarter. Public Employees Retirement System of Ohio now owns 5,244 shares of the basic materials company’s stock worth $196,000 after buying an additional 92 shares during the period. Finally, Fox Run Management L.L.C. purchased a new position in shares of Carpenter Technology Corporation during the second quarter worth $202,000. Institutional investors own 95.59% of the company’s stock.

Carpenter Technology Corporation (NYSE CRS) traded up 1.55% during trading on Friday, reaching $38.03. The company’s stock had a trading volume of 117,804 shares. The stock’s 50 day moving average is $38.48 and its 200 day moving average is $38.09. Carpenter Technology Corporation has a 12 month low of $30.37 and a 12 month high of $45.33. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 38.41 and a beta of 2.08.

Carpenter Technology Corporation (NYSE:CRS) last issued its earnings results on Thursday, July 27th. The basic materials company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Carpenter Technology Corporation had a net margin of 2.61% and a return on equity of 4.48%. The business had revenue of $507.70 million for the quarter, compared to analysts’ expectations of $502.40 million. During the same quarter in the previous year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities analysts expect that Carpenter Technology Corporation will post $2.16 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Tuesday, August 22nd will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $0.72 dividend on an annualized basis and a yield of 1.91%. Carpenter Technology Corporation’s dividend payout ratio is presently 72.00%.

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A number of brokerages have recently weighed in on CRS. Cowen and Company reiterated a “hold” rating and set a $37.00 target price on shares of Carpenter Technology Corporation in a research note on Monday, July 17th. Zacks Investment Research lowered Carpenter Technology Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. TheStreet upgraded Carpenter Technology Corporation from a “c+” rating to a “b” rating in a research note on Thursday, July 27th. Finally, Longbow Research increased their target price on Carpenter Technology Corporation from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $43.50.

In related news, Director Steven E. Karol sold 3,877 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $40.18, for a total value of $155,777.86. Following the transaction, the director now owns 230,418 shares of the company’s stock, valued at $9,258,195.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders purchased 294,000 shares of company stock worth $21,490. 3.60% of the stock is owned by insiders.

Carpenter Technology Corporation Company Profile

Carpenter Technology Corporation is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company’s segments include Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). Its SAO segment consists of alloy and stainless steel manufacturing operations.

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

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