WINTON GROUP Ltd Cuts Stake in Carpenter Technology Co. (NYSE:CRS)

WINTON GROUP Ltd decreased its holdings in Carpenter Technology Co. (NYSE:CRS) by 92.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,960 shares of the basic materials company’s stock after selling 47,746 shares during the period. WINTON GROUP Ltd’s holdings in Carpenter Technology were worth $672,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Tidal Investments LLC boosted its holdings in Carpenter Technology by 91.9% in the third quarter. Tidal Investments LLC now owns 21,083 shares of the basic materials company’s stock valued at $3,364,000 after purchasing an additional 10,094 shares during the period. Manuka Financial LLC purchased a new position in shares of Carpenter Technology in the 4th quarter valued at about $368,000. Park Avenue Securities LLC acquired a new position in shares of Carpenter Technology during the fourth quarter worth about $419,000. Avala Global LP raised its holdings in Carpenter Technology by 21.0% in the third quarter. Avala Global LP now owns 423,700 shares of the basic materials company’s stock valued at $67,614,000 after acquiring an additional 73,400 shares in the last quarter. Finally, XML Financial LLC lifted its stake in Carpenter Technology by 215.3% in the fourth quarter. XML Financial LLC now owns 9,460 shares of the basic materials company’s stock worth $1,605,000 after acquiring an additional 6,460 shares during the last quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.

Carpenter Technology Stock Down 2.4 %

Shares of NYSE:CRS opened at $181.32 on Friday. The company has a current ratio of 3.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.40. The firm has a 50 day simple moving average of $194.01 and a 200-day simple moving average of $179.03. The company has a market capitalization of $9.06 billion, a PE ratio of 34.21, a P/E/G ratio of 0.93 and a beta of 1.55. Carpenter Technology Co. has a twelve month low of $70.20 and a twelve month high of $213.66.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.08. Carpenter Technology had a net margin of 9.34% and a return on equity of 19.88%. On average, equities analysts predict that Carpenter Technology Co. will post 6.83 EPS for the current fiscal year.

Carpenter Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Friday, February 28th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Tuesday, January 28th. Carpenter Technology’s dividend payout ratio is currently 15.09%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CRS. JPMorgan Chase & Co. increased their price objective on shares of Carpenter Technology from $235.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. BTIG Research set a $230.00 target price on Carpenter Technology in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $167.17.

About Carpenter Technology

Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in 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.