Calamos Advisors LLC Sells 279 Shares of Carpenter Technology Co. (NYSE:CRS)

Calamos Advisors LLC lessened its position in shares of Carpenter Technology Co. (NYSE:CRS) by 4.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,639 shares of the basic materials company’s stock after selling 279 shares during the period. Calamos Advisors LLC’s holdings in Carpenter Technology were worth $957,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CRS. FMR LLC boosted its stake in shares of Carpenter Technology by 47.1% during the 3rd quarter. FMR LLC now owns 3,465,295 shares of the basic materials company’s stock worth $552,992,000 after buying an additional 1,108,963 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Carpenter Technology by 1,538.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 213,391 shares of the basic materials company’s stock worth $34,053,000 after buying an additional 200,364 shares during the last quarter. Forest Avenue Capital Management LP acquired a new position in shares of Carpenter Technology during the 3rd quarter worth about $25,262,000. WCM Investment Management LLC acquired a new position in shares of Carpenter Technology during the 3rd quarter worth about $18,868,000. Finally, Holocene Advisors LP acquired a new position in shares of Carpenter Technology during the 3rd quarter worth about $17,337,000. Institutional investors own 92.03% of the company’s stock.

Carpenter Technology Trading Up 0.4 %

Shares of NYSE:CRS opened at $192.87 on Thursday. Carpenter Technology Co. has a 52-week low of $58.87 and a 52-week high of $213.65. The company has a market capitalization of $9.63 billion, a P/E ratio of 36.39, a price-to-earnings-growth ratio of 0.92 and a beta of 1.54. The company has a 50-day simple moving average of $187.61 and a 200 day simple moving average of $165.48. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.92 and a current ratio of 3.80.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.66 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts forecast that Carpenter Technology Co. will post 6.74 earnings per share for the current year.

Carpenter Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Friday, February 28th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, January 28th. This represents a $0.80 annualized dividend and a yield of 0.41%. Carpenter Technology’s dividend payout ratio (DPR) is presently 15.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Carpenter Technology from $220.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Benchmark restated a “buy” rating and set a $175.00 price objective on shares of Carpenter Technology in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Carpenter Technology has an average rating of “Moderate Buy” and an average target price of $155.50.

Carpenter Technology Profile

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.