Great West Life Assurance Co. Can Sells 562 Shares of Carpenter Technology Co. (NYSE:CRS)

Great West Life Assurance Co. Can reduced its position in shares of Carpenter Technology Co. (NYSE:CRS) by 1.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,323 shares of the basic materials company’s stock after selling 562 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Carpenter Technology were worth $1,345,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund raised its holdings in Carpenter Technology by 11.8% during the 1st quarter. New York State Common Retirement Fund now owns 88,400 shares of the basic materials company’s stock valued at $4,053,000 after buying an additional 9,308 shares during the period. Mason Street Advisors LLC raised its holdings in Carpenter Technology by 1.5% during the 1st quarter. Mason Street Advisors LLC now owns 25,195 shares of the basic materials company’s stock valued at $1,155,000 after buying an additional 383 shares during the period. Frontier Capital Management Co. LLC raised its holdings in Carpenter Technology by 1.0% during the 1st quarter. Frontier Capital Management Co. LLC now owns 1,106,922 shares of the basic materials company’s stock valued at $50,752,000 after buying an additional 10,603 shares during the period. Wrapmanager Inc. raised its holdings in Carpenter Technology by 24.2% during the 1st quarter. Wrapmanager Inc. now owns 9,590 shares of the basic materials company’s stock valued at $440,000 after buying an additional 1,868 shares during the period. Finally, First Mercantile Trust Co. raised its holdings in Carpenter Technology by 52.0% during the 1st quarter. First Mercantile Trust Co. now owns 3,138 shares of the basic materials company’s stock valued at $144,000 after buying an additional 1,073 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

Several equities analysts have commented on the company. Zacks Investment Research downgraded Carpenter Technology from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. ValuEngine downgraded Carpenter Technology from a “hold” rating to a “sell” rating in a research report on Monday, May 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $53.50.



Carpenter Technology stock traded down $0.44 during mid-day trading on Wednesday, hitting $43.62. The company’s stock had a trading volume of 8,701 shares, compared to its average volume of 277,388. The company has a market capitalization of $2.05 billion, a PE ratio of 17.45 and a beta of 2.42. The company has a quick ratio of 0.87, a current ratio of 2.53 and a debt-to-equity ratio of 0.35. Carpenter Technology Co. has a one year low of $32.77 and a one year high of $60.78.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.04. The company had revenue of $609.90 million for the quarter, compared to the consensus estimate of $585.08 million. Carpenter Technology had a return on equity of 9.93% and a net margin of 6.83%. Carpenter Technology’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 EPS. As a group, research analysts anticipate that Carpenter Technology Co. will post 3.24 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Tuesday, April 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Monday, April 29th. Carpenter Technology’s dividend payout ratio (DPR) is presently 32.00%.

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Carpenter Technology Company Profile

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. The company operates through two segments, Specialty Alloys Operations and Performance Engineered Products. It offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as drilling tools; and metal powders and parts.

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

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