Financial Engines Advisors L.L.C. decreased its position in shares of Carpenter Technology Corporation (NYSE:CRS) by 10.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,518 shares of the basic materials company’s stock after selling 1,403 shares during the period. Financial Engines Advisors L.L.C.’s holdings in Carpenter Technology Corporation were worth $469,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CRS. BlackRock Inc. boosted its position in Carpenter Technology Corporation by 17,365.7% in the first quarter. BlackRock Inc. now owns 5,071,683 shares of the basic materials company’s stock worth $189,174,000 after buying an additional 5,042,645 shares in the last quarter. Deprince Race & Zollo Inc. boosted its position in Carpenter Technology Corporation by 41.8% in the first quarter. Deprince Race & Zollo Inc. now owns 898,268 shares of the basic materials company’s stock worth $33,505,000 after buying an additional 264,658 shares in the last quarter. Vanguard Group Inc. boosted its position in Carpenter Technology Corporation by 6.1% in the first quarter. Vanguard Group Inc. now owns 3,909,291 shares of the basic materials company’s stock worth $145,817,000 after buying an additional 223,197 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Carpenter Technology Corporation by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,926,931 shares of the basic materials company’s stock worth $146,473,000 after buying an additional 206,068 shares in the last quarter. Finally, Chartwell Investment Partners LLC acquired a new position in Carpenter Technology Corporation during the first quarter worth approximately $2,686,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Carpenter Technology Corporation (NYSE:CRS) opened at 38.40 on Friday. The stock’s 50 day moving average price is $38.29 and its 200-day moving average price is $38.16. The company has a market cap of $1.81 billion, a PE ratio of 38.79 and a beta of 2.08. Carpenter Technology Corporation has a 1-year low of $30.37 and a 1-year high of $45.34.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, August 18th. Carpenter Technology Corporation’s payout ratio is presently 72.00%.

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CRS has been the topic of a number of analyst reports. Cowen and Company reaffirmed a “hold” rating and set a $37.00 target price on shares of Carpenter Technology Corporation in a research note on Thursday, April 27th. Zacks Investment Research cut Carpenter Technology Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Longbow Research upped their target price on Carpenter Technology Corporation from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, TheStreet raised Carpenter Technology Corporation from a “c+” rating to a “b” rating in a research note on Thursday, July 27th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $43.50.

In other news, Director Steven E. Karol sold 3,877 shares of Carpenter Technology Corporation stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $40.18, for a total transaction of $155,777.86. Following the sale, the director now owns 230,418 shares of the company’s stock, valued at approximately $9,258,195.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have bought 294,000 shares of company stock worth $21,490. Corporate insiders own 3.60% of the company’s stock.

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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