SG Americas Securities LLC Sells 27,481 Shares of Carpenter Technology Co. (NYSE:CRS)

SG Americas Securities LLC trimmed its stake in shares of Carpenter Technology Co. (NYSE:CRS - Free Report) by 53.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,651 shares of the basic materials company's stock after selling 27,481 shares during the period. SG Americas Securities LLC's holdings in Carpenter Technology were worth $1,674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. acquired a new stake in shares of Carpenter Technology during the second quarter worth $26,000. Penserra Capital Management LLC acquired a new stake in Carpenter Technology in the 2nd quarter valued at $32,000. Point72 Hong Kong Ltd acquired a new stake in Carpenter Technology in the 1st quarter valued at $26,000. West Tower Group LLC acquired a new stake in Carpenter Technology in the 2nd quarter valued at $49,000. Finally, Tower Research Capital LLC TRC increased its stake in Carpenter Technology by 124.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 979 shares of the basic materials company's stock valued at $44,000 after buying an additional 543 shares during the last quarter. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Carpenter Technology Stock Up 1.8 %

CRS stock traded up $1.23 during midday trading on Friday, hitting $71.42. The company's stock had a trading volume of 518,515 shares, compared to its average volume of 385,545. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.90 and a quick ratio of 1.26. Carpenter Technology Co. has a twelve month low of $40.57 and a twelve month high of $74.06. The company's fifty day moving average price is $65.27 and its 200 day moving average price is $66.64. The stock has a market capitalization of $3.53 billion, a P/E ratio of 24.71 and a beta of 1.55.

Carpenter Technology (NYSE:CRS - Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.85. Carpenter Technology had a net margin of 5.27% and a return on equity of 10.21%. The firm had revenue of $624.20 million for the quarter, compared to analyst estimates of $669.56 million. As a group, equities research analysts predict that Carpenter Technology Co. will post 4 EPS for the current year.

Carpenter Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Tuesday, January 30th were paid a $0.20 dividend. The ex-dividend date was Monday, January 29th. This represents a $0.80 annualized dividend and a yield of 1.12%. Carpenter Technology's payout ratio is currently 27.68%.

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.