Tlwm Buys 445 Shares of Carpenter Technology Co. (NYSE:CRS)

Tlwm lifted its stake in Carpenter Technology Co. (NYSE:CRS) by 4.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,987 shares of the basic materials company’s stock after acquiring an additional 445 shares during the period. Carpenter Technology comprises about 0.3% of Tlwm’s holdings, making the stock its 24th biggest position. Tlwm’s holdings in Carpenter Technology were worth $1,695,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. TD Asset Management Inc acquired a new position in shares of Carpenter Technology in the 2nd quarter valued at $570,000. Oppenheimer Asset Management Inc. acquired a new position in Carpenter Technology in the second quarter worth about $203,000. WINTON GROUP Ltd lifted its stake in Carpenter Technology by 30.7% during the second quarter. WINTON GROUP Ltd now owns 9,165 shares of the basic materials company’s stock worth $1,004,000 after purchasing an additional 2,152 shares during the period. Renaissance Technologies LLC acquired a new stake in Carpenter Technology during the second quarter valued at approximately $13,248,000. Finally, Edgestream Partners L.P. grew its stake in shares of Carpenter Technology by 14.7% in the 2nd quarter. Edgestream Partners L.P. now owns 27,874 shares of the basic materials company’s stock valued at $3,054,000 after purchasing an additional 3,569 shares during the period. 92.03% of the stock is owned by institutional investors and hedge funds.

Carpenter Technology Stock Performance

Shares of NYSE:CRS opened at $193.29 on Tuesday. The business has a fifty day moving average of $179.74 and a 200-day moving average of $154.41. The firm has a market cap of $9.63 billion, a PE ratio of 43.05, a price-to-earnings-growth ratio of 0.90 and a beta of 1.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.00 and a current ratio of 3.84. Carpenter Technology Co. has a twelve month low of $58.87 and a twelve month high of $198.24.

Carpenter Technology (NYSE:CRS) last announced its earnings results on Thursday, October 24th. The basic materials company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm posted $0.88 earnings per share. The company’s revenue was up 10.1% on a year-over-year basis. On average, equities research analysts predict that Carpenter Technology Co. will post 6.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. began coverage on Carpenter Technology in a research note on Friday, November 22nd. They issued an “overweight” rating and a $220.00 price target on the stock. Benchmark reaffirmed a “buy” rating and issued a $175.00 target price on shares of Carpenter Technology in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat, Carpenter Technology presently has a consensus rating of “Moderate Buy” and a consensus price target 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.