Athenagon Asset Management SA reduced its holdings in shares of Carpenter Technology, Inc. (NYSE:CRS – Free Report) by 86.9% in the fourth quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. did. The institutional investor now owns 53,073 shares of the basic materials company’s stock after selling his 353,035 shares during the quarter. Athenagon Asset Management SA held approximately 0.11% of Carpenter Technology shares, valued at $3.758 million, as of its latest filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently increased or decreased their stakes in the company. Penserra Capital Management LLC grew its position in Carpenter Technology by 6,477.1% in the 3rd quarter. Pensera Capital Management LLC now owns 37,884 shares of the basic materials company’s stock valued at $2,546,000 after purchasing an additional 37,308 shares in the last quarter. Kestra Advisory Services LLC grew its position in Carpenter Technology by 7.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 7,256 shares of the basic materials company’s stock valued at $488,000 after purchasing an additional 503 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in Carpenter Technology in the 3rd quarter valued at approximately $1,148,000. Navellier & Associates Inc. purchased new shares of Carpenter Technology during the 3rd quarter valued at approximately $1,492,000. Finally, SG Capital Management LLC grew its position in Carpenter Technology by 34.7% in the 3rd quarter. SG Capital Management LLC now owns 104,117 shares of the basic materials company’s stock valued at $6,998,000 after purchasing an additional 26,799 shares in the last quarter. Hedge funds and other institutional investors own 92.03% of the company’s stock.
Carpenter Technology Trading rose 0.8%
Carpenter Technology stock began trading at $72.02 on Tuesday. The stock’s 50-day moving average price is $65.37 and its 200-day moving average price is $66.66. The company’s current ratio is 2.90x, quick ratio is 1.26x, and debt-to-equity ratio is 0.47x. Carpenter Technology’s 52-week low is $40.57 and 52-week high is $74.06. The stock has a market capitalization of $3.56 billion, a P/E ratio of 24.92x, and a beta of 1.56x.
Carpenter Technology (NYSE:CRS – Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. Basic Materials, Inc. reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85. Carpenter Technology had a return on equity of 10.21% and a net profit margin of 5.27%. The company had revenue of $624.2 million for the quarter, compared to analyst estimates of $669.56 million. Equities research analysts expect Carpenter Technology to report earnings per share of $3.94 for the current fiscal year.
Carpenter Technology Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Tuesday, January 30th were paid his $0.20 dividend. This equates to his $0.80 dividend and his 1.11% yield on an annualized basis. The ex-dividend date was Monday, January 29th. Carpenter Technology’s dividend payout ratio is 27.68%.
Carpenter Technology Profile
(Free report)
Carpenter Technology Corporation is engaged in the manufacturing, manufacturing and distribution of specialty metals in the United States, Europe, Asia Pacific, Mexico, Canada and internationally. The company operates in two segments: Specialty Alloys Business and Performance Engineering Products. The company offers titanium alloys, powder metals, specialty alloys such as stainless steel, alloy steel and tool steel, additives, metal powders and components.
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