6,602 Shares in Carpenter Technology Co. (NYSE:CRS) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new stake in Carpenter Technology Co. (NYSE:CRS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,602 shares of the basic materials company's stock, valued at approximately $1,120,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its position in Carpenter Technology by 28.3% in the 4th quarter. FMR LLC now owns 4,444,608 shares of the basic materials company's stock valued at $754,295,000 after buying an additional 979,313 shares in the last quarter. Invesco Ltd. increased its position in Carpenter Technology by 30.3% in the 4th quarter. Invesco Ltd. now owns 1,537,235 shares of the basic materials company's stock valued at $260,884,000 after buying an additional 357,417 shares in the last quarter. Geode Capital Management LLC increased its position in Carpenter Technology by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 1,138,615 shares of the basic materials company's stock valued at $193,279,000 after buying an additional 38,411 shares in the last quarter. Third Point LLC increased its position in Carpenter Technology by 31.8% in the 4th quarter. Third Point LLC now owns 870,000 shares of the basic materials company's stock valued at $147,648,000 after buying an additional 210,000 shares in the last quarter. Finally, Northern Trust Corp increased its position in Carpenter Technology by 21.0% in the 4th quarter. Northern Trust Corp now owns 679,343 shares of the basic materials company's stock valued at $115,291,000 after buying an additional 117,759 shares in the last quarter. 92.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Carpenter Technology news, Director I Martin Inglis sold 3,433 shares of Carpenter Technology stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $197.66, for a total transaction of $678,566.78. Following the transaction, the director now owns 6,732 shares of the company's stock, valued at $1,330,647.12. This trade represents a 33.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.90% of the company's stock.

Carpenter Technology Stock Up 1.9%

CRS stock traded up $4.23 during mid-day trading on Friday, reaching $230.23. 886,496 shares of the company traded hands, compared to its average volume of 763,109. The stock has a market cap of $11.46 billion, a price-to-earnings ratio of 43.44, a P/E/G ratio of 0.93 and a beta of 1.33. The company has a quick ratio of 1.92, a current ratio of 3.80 and a debt-to-equity ratio of 0.40. Carpenter Technology Co. has a fifty-two week low of $95.17 and a fifty-two week high of $236.59. The firm's 50 day moving average price is $193.16 and its 200 day moving average price is $189.85.

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

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

Carpenter Technology Dividend Announcement

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 is Tuesday, April 22nd. This represents a $0.80 annualized dividend and a dividend yield of 0.35%. Carpenter Technology's dividend payout ratio is currently 11.33%.

Analysts Set New Price Targets

A number of analysts recently commented on CRS shares. Northcoast Research raised Carpenter Technology from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. BTIG Research set a $230.00 price target on Carpenter Technology in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price target on Carpenter Technology from $240.00 to $245.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $168.00.

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.