Carpenter Technology Co. (NYSE:CRS) Shares Bought by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. raised its holdings in shares of Carpenter Technology Co. (NYSE:CRS - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 388,900 shares of the basic materials company's stock after acquiring an additional 28,049 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 0.78% of Carpenter Technology worth $66,000,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Kestra Investment Management LLC acquired a new position in Carpenter Technology during the fourth quarter worth $25,000. CIBC Private Wealth Group LLC lifted its stake in Carpenter Technology by 109.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 243 shares of the basic materials company's stock worth $45,000 after purchasing an additional 127 shares in the last quarter. UMB Bank n.a. lifted its stake in Carpenter Technology by 169.0% in the 4th quarter. UMB Bank n.a. now owns 304 shares of the basic materials company's stock worth $52,000 after purchasing an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Carpenter Technology in the 3rd quarter worth approximately $80,000. Finally, Morse Asset Management Inc purchased a new position in Carpenter Technology in the 3rd quarter worth approximately $84,000. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CRS shares. BTIG Research set a $230.00 price target on shares of Carpenter Technology in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on shares of Carpenter Technology from $240.00 to $245.00 and gave the company an "overweight" rating in a report on Monday. Finally, Northcoast Research upgraded shares of Carpenter Technology from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $168.00.

Carpenter Technology Stock Down 1.1 %

Shares of CRS stock traded down $2.18 on Tuesday, reaching $196.82. 186,812 shares of the stock were exchanged, compared to its average volume of 750,917. The company has a current ratio of 3.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.40. The business's 50 day moving average price is $183.17 and its 200 day moving average price is $182.16. The company has a market capitalization of $9.83 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 0.93 and a beta of 1.28. Carpenter Technology Co. has a twelve month low of $82.46 and a twelve month high of $213.66.

Carpenter Technology (NYSE:CRS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The basic materials company reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.14. Carpenter Technology had a net margin of 9.34% and a return on equity of 19.88%. The firm had revenue of $727.00 million during the quarter, compared to analysts' expectations of $729.67 million. During the same period in the previous year, the company earned $1.19 earnings per share. Carpenter Technology's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts expect that Carpenter Technology Co. will post 6.83 earnings per share for the current fiscal year.

Carpenter Technology declared that its board has authorized a share buyback program on Thursday, April 24th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the basic materials company to repurchase up to 4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Carpenter Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 0.41%. Carpenter Technology's payout ratio is 11.33%.

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.