Carpenter Technology Corporation (NYSE:CRS) Director Jeffrey Wadsworth sold 4,000 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of $40.25, for a total value of $161,000.00. Following the completion of the transaction, the director now directly owns 4,200 shares in the company, valued at approximately $169,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Carpenter Technology Corporation (NYSE:CRS) opened at 40.23 on Thursday. The firm’s 50-day moving average is $38.76 and its 200 day moving average is $37.99. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 40.64 and a beta of 2.08. Carpenter Technology Corporation has a 52-week low of $30.37 and a 52-week high of $45.33.

Carpenter Technology Corporation (NYSE:CRS) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.58 earnings per share 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 during the quarter, compared to analysts’ expectations of $502.40 million. During the same period last year, the business earned $0.35 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities analysts expect that Carpenter Technology Corporation will post $2.15 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Tuesday, August 22nd will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, August 18th. Carpenter Technology Corporation’s dividend payout ratio is presently 72.00%.

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Large investors have recently made changes to their positions in the stock. Morningstar Investment Services LLC boosted its stake in shares of Carpenter Technology Corporation by 0.4% in the second quarter. Morningstar Investment Services LLC now owns 8,041 shares of the basic materials company’s stock worth $301,000 after buying an additional 32 shares in the last quarter. Granite Investment Partners LLC boosted its stake in shares of Carpenter Technology Corporation by 0.4% in the second quarter. Granite Investment Partners LLC now owns 18,230 shares of the basic materials company’s stock worth $682,000 after buying an additional 75 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Carpenter Technology Corporation by 1.2% in the second quarter. Amalgamated Bank now owns 6,581 shares of the basic materials company’s stock worth $246,000 after buying an additional 78 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake 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 in the last quarter. Finally, Elkfork Partners LLC boosted its stake 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 in the last quarter. Institutional investors and hedge funds own 93.54% of the company’s stock.

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

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.

Insider Buying and Selling by Quarter for Carpenter Technology Corporation (NYSE:CRS)

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