Carpenter Technology Corp. (NYSE:CRS) announced a quarterly dividend on Wednesday, October 12th. Investors of record on Tuesday, October 25th will be paid a dividend of 0.18 per share on Thursday, December 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Friday, October 21st.
Shares of Carpenter Technology Corp. (NYSE:CRS) opened at 39.46 on Thursday. The stock has a market capitalization of $1.84 billion, a PE ratio of 171.57 and a beta of 2.01. Carpenter Technology Corp. has a 12 month low of $23.99 and a 12 month high of $42.27. The company’s 50 day moving average price is $38.34 and its 200 day moving average price is $35.78.
Carpenter Technology Corp. (NYSE:CRS) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $457.70 million for the quarter, compared to the consensus estimate of $454 million. Carpenter Technology Corp. had a return on equity of 4.66% and a net margin of 0.63%. The firm’s quarterly revenue was down 18.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. Equities analysts anticipate that Carpenter Technology Corp. will post $1.56 earnings per share for the current fiscal year.
CRS has been the topic of a number of research reports. Zacks Investment Research upgraded Carpenter Technology Corp. from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Monday, October 3rd. Rosenblatt Securities restated a “buy” rating and set a $42.00 price target on shares of Carpenter Technology Corp. in a research note on Friday, July 8th. Finally, Seaport Global Securities began coverage on Carpenter Technology Corp. in a research note on Friday, September 9th. They issued a “neutral” rating and a $38.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$38.20.
In other Carpenter Technology Corp. news, Director Gregory A. Pratt sold 10,358 shares of Carpenter Technology Corp. stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of C$38.78, for a total value of C$401,683.24. Following the transaction, the director now directly owns 12,613 shares in the company, valued at approximately C$489,132.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Group LTD increased its position in shares of Carpenter Technology Corp. by 0.3% in the second quarter. BlackRock Group LTD now owns 35,419 shares of the company’s stock valued at $1,167,000 after buying an additional 104 shares during the period. Scotia Capital Inc. boosted its stake in Carpenter Technology Corp. by 1.0% in the second quarter. Scotia Capital Inc. now owns 16,152 shares of the company’s stock valued at $532,000 after buying an additional 153 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Carpenter Technology Corp. by 3.0% in the second quarter. Hsbc Holdings PLC now owns 7,003 shares of the company’s stock valued at $231,000 after buying an additional 201 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Carpenter Technology Corp. by 1.7% in the second quarter. Thrivent Financial for Lutherans now owns 23,470 shares of the company’s stock valued at $773,000 after buying an additional 400 shares in the last quarter. Finally, Comerica Bank boosted its stake in Carpenter Technology Corp. by 1.8% in the second quarter. Comerica Bank now owns 34,763 shares of the company’s stock valued at $1,281,000 after buying an additional 598 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.
Carpenter Technology Corp. Company Profile