Mission Wealth Management LP Has $328,000 Stake in Carpenter Technology Co. (NYSE:CRS)

Mission Wealth Management LP decreased its holdings in shares of Carpenter Technology Co. (NYSE:CRS) by 18.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,930 shares of the basic materials company’s stock after selling 434 shares during the quarter. Mission Wealth Management LP’s holdings in Carpenter Technology were worth $328,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Tidal Investments LLC boosted its holdings in Carpenter Technology by 91.9% during the third quarter. Tidal Investments LLC now owns 21,083 shares of the basic materials company’s stock worth $3,364,000 after purchasing an additional 10,094 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Carpenter Technology by 3.9% during the third quarter. Fisher Asset Management LLC now owns 364,312 shares of the basic materials company’s stock worth $58,137,000 after purchasing an additional 13,815 shares during the last quarter. Forest Avenue Capital Management LP acquired a new position in Carpenter Technology during the third quarter worth $25,262,000. Natixis Advisors LLC boosted its holdings in Carpenter Technology by 6.0% during the third quarter. Natixis Advisors LLC now owns 23,817 shares of the basic materials company’s stock worth $3,801,000 after purchasing an additional 1,343 shares during the last quarter. Finally, Manuka Financial LLC acquired a new position in Carpenter Technology during the fourth quarter worth $368,000. Institutional investors and hedge funds own 92.03% of the company’s stock.

Carpenter Technology Trading Up 0.6 %

CRS stock opened at $203.24 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.92 and a current ratio of 3.80. The company’s 50-day simple moving average is $193.16 and its 200 day simple moving average is $173.60. Carpenter Technology Co. has a 52 week low of $63.58 and a 52 week high of $213.66. The company has a market capitalization of $10.15 billion, a PE ratio of 38.35, a price-to-earnings-growth ratio of 0.93 and a beta of 1.54.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.66 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate that Carpenter Technology Co. will post 6.83 earnings per share for the current year.

Carpenter Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Friday, February 28th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, January 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.39%. Carpenter Technology’s dividend payout ratio (DPR) is presently 15.09%.

Analysts Set New Price Targets

CRS has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price target on shares of Carpenter Technology from $235.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. BTIG Research set a $230.00 price target on shares of Carpenter Technology in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $167.17.

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.