180 Wealth Advisors LLC Sells 158 Shares of Carpenter Technology Co. (NYSE:CRS)

180 Wealth Advisors LLC decreased its holdings in shares of Carpenter Technology Co. (NYSE:CRS) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,217 shares of the basic materials company’s stock after selling 158 shares during the period. 180 Wealth Advisors LLC’s holdings in Carpenter Technology were worth $207,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Strengthening Families & Communities LLC raised its holdings in Carpenter Technology by 0.6% during the third quarter. Strengthening Families & Communities LLC now owns 17,314 shares of the basic materials company’s stock worth $2,763,000 after buying an additional 100 shares during the last quarter. KBC Group NV raised its holdings in Carpenter Technology by 13.5% during the third quarter. KBC Group NV now owns 1,355 shares of the basic materials company’s stock worth $216,000 after buying an additional 161 shares during the last quarter. Arete Wealth Advisors LLC raised its holdings in Carpenter Technology by 7.5% during the third quarter. Arete Wealth Advisors LLC now owns 2,423 shares of the basic materials company’s stock worth $384,000 after buying an additional 169 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Carpenter Technology by 58.0% during the second quarter. EverSource Wealth Advisors LLC now owns 485 shares of the basic materials company’s stock worth $53,000 after buying an additional 178 shares during the last quarter. Finally, First Trust Direct Indexing L.P. raised its holdings in Carpenter Technology by 8.9% during the third quarter. First Trust Direct Indexing L.P. now owns 2,212 shares of the basic materials company’s stock worth $353,000 after buying an additional 180 shares during the last quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.

Carpenter Technology Stock Performance

Shares of CRS stock opened at $198.64 on Thursday. The firm has a 50-day moving average of $181.21 and a 200-day moving average of $155.62. The company has a market cap of $9.90 billion, a P/E ratio of 44.24, a P/E/G ratio of 0.87 and a beta of 1.52. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.84 and a quick ratio of 2.00. Carpenter Technology Co. has a one year low of $58.87 and a one year high of $202.25.

Carpenter Technology (NYSE:CRS) last announced its earnings results on Thursday, October 24th. The basic materials company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.58 by $0.15. Carpenter Technology had a net margin of 8.05% and a return on equity of 18.01%. The company had revenue of $717.60 million during the quarter, compared to the consensus estimate of $742.96 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities research analysts forecast that Carpenter Technology Co. will post 6.74 EPS for the current fiscal year.

Carpenter Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Friday, February 28th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. Carpenter Technology’s dividend payout ratio (DPR) is presently 17.82%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Benchmark restated a “buy” rating and set a $175.00 price objective on shares of Carpenter Technology in a report on Friday, October 25th. JPMorgan Chase & Co. initiated coverage on shares of Carpenter Technology in a report on Friday, November 22nd. They issued an “overweight” rating and a $220.00 target price for the company. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $153.00.

About Carpenter Technology

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.