Carpenter Technology Co. (NYSE:CRS) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in Carpenter Technology Co. (NYSE:CRSGet Rating) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,057,999 shares of the basic materials company’s stock after selling 83,880 shares during the period. Dimensional Fund Advisors LP owned 0.06% of Carpenter Technology worth $89,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRS. Two Sigma Investments LP increased its position in shares of Carpenter Technology by 830.4% in the 3rd quarter. Two Sigma Investments LP now owns 202,467 shares of the basic materials company’s stock valued at $6,629,000 after acquiring an additional 180,705 shares during the period. Morgan Stanley lifted its holdings in Carpenter Technology by 113.8% in the second quarter. Morgan Stanley now owns 333,725 shares of the basic materials company’s stock valued at $13,423,000 after acquiring an additional 177,606 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Carpenter Technology by 2,312.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 183,979 shares of the basic materials company’s stock valued at $5,370,000 after acquiring an additional 176,354 shares during the period. Invesco Ltd. increased its position in shares of Carpenter Technology by 16.6% in the third quarter. Invesco Ltd. now owns 1,162,364 shares of the basic materials company’s stock valued at $38,056,000 after buying an additional 165,117 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its position in shares of Carpenter Technology by 114.8% in the third quarter. Deprince Race & Zollo Inc. now owns 261,851 shares of the basic materials company’s stock valued at $8,573,000 after buying an additional 139,931 shares in the last quarter. 91.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Carpenter Technology stock opened at $33.20 on Friday. Carpenter Technology Co. has a 52 week low of $26.84 and a 52 week high of $49.20. The business’s fifty day simple moving average is $38.99 and its 200-day simple moving average is $34.40. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.51.

Carpenter Technology (NYSE:CRSGet Rating) last posted its earnings results on Thursday, April 28th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.07. Carpenter Technology had a negative return on equity of 4.77% and a negative net margin of 6.42%. The firm had revenue of $489.00 million for the quarter, compared to analyst estimates of $415.67 million. During the same quarter in the prior year, the company earned ($0.54) EPS. Carpenter Technology’s revenue was up 39.0% on a year-over-year basis. As a group, sell-side analysts expect that Carpenter Technology Co. will post -0.96 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Tuesday, May 3rd will be paid a $0.20 dividend. The ex-dividend date is Monday, May 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.41%. Carpenter Technology’s dividend payout ratio is currently -35.40%.

A number of analysts have recently commented on the company. JPMorgan Chase & Co. upgraded Carpenter Technology from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $52.00 to $53.00 in a research report on Friday, February 11th. StockNews.com began coverage on Carpenter Technology in a research report on Thursday, March 31st. They set a “sell” rating for the company. Finally, Benchmark boosted their price target on Carpenter Technology from $43.00 to $48.00 in a research report on Wednesday, April 20th.

About Carpenter Technology (Get Rating)

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. It operates through 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.

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

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