Carpenter Technology Co. (NYSE:CRS) Stock Holdings Trimmed by Great Lakes Advisors LLC

Great Lakes Advisors LLC cut its position in shares of Carpenter Technology Co. (NYSE:CRS – Get Rating) by 49.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 119,681 shares of the basic materials company’s stock after selling 119,258 shares during the quarter. Great Lakes Advisors LLC owned 0.25% of Carpenter Technology worth $5,024,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its position in Carpenter Technology by 15.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,352 shares of the basic materials company’s stock valued at $361,000 after purchasing an additional 1,624 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Carpenter Technology during the 4th quarter worth about $175,000. Yousif Capital Management LLC bought a new position in Carpenter Technology during the fourth quarter valued at about $1,269,000. Assenagon Asset Management S.A. increased its stake in Carpenter Technology by 2,312.8% during 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. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Carpenter Technology by 66.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,108 shares of the basic materials company’s stock valued at $237,000 after acquiring an additional 3,233 shares during the period. 91.36% of the stock is currently owned by institutional investors and hedge funds.

Carpenter Technology Stock Performance

CRS stock opened at $34.06 on Friday. The business’s fifty day moving average is $30.33 and its 200-day moving average is $34.44. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.98 and a quick ratio of 1.66. Carpenter Technology Co. has a twelve month low of $24.76 and a twelve month high of $44.96.

Analyst Ratings Changes

Several research analysts have recently commented on CRS shares. StockNews.com raised Carpenter Technology from a “sell” rating to a “hold” rating in a report on Monday, May 16th. Benchmark increased their price target on Carpenter Technology from $43.00 to $48.00 in a research note on Wednesday, April 20th.

Carpenter Technology Company Profile

(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.