Peregrine Capital Management LLC Reduces Holdings in Carpenter Technology Co. (NYSE:CRS)

Peregrine Capital Management LLC decreased its holdings in Carpenter Technology Co. (NYSE:CRS - Free Report) by 38.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,979 shares of the basic materials company's stock after selling 68,431 shares during the period. Peregrine Capital Management LLC owned about 0.22% of Carpenter Technology worth $7,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Point72 Hong Kong Ltd purchased a new position in shares of Carpenter Technology during the first quarter valued at $26,000. Tower Research Capital LLC TRC increased its stake in shares of Carpenter Technology by 124.5% during the first 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 period. Fifth Third Bancorp increased its stake in shares of Carpenter Technology by 322.5% during the fourth quarter. Fifth Third Bancorp now owns 1,162 shares of the basic materials company's stock valued at $82,000 after buying an additional 887 shares during the period. NBC Securities Inc. purchased a new position in shares of Carpenter Technology during the third quarter valued at $91,000. Finally, Point72 Middle East FZE purchased a new position in shares of Carpenter Technology during the fourth quarter valued at $95,000. Hedge funds and other institutional investors own 92.03% of the company's stock.

Carpenter Technology Stock Down 3.7 %

CRS traded down $3.01 on Wednesday, hitting $77.31. The company had a trading volume of 606,187 shares, compared to its average volume of 482,809. The stock has a fifty day moving average price of $67.16 and a 200-day moving average price of $67.10. Carpenter Technology Co. has a 12-month low of $42.84 and a 12-month high of $82.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 2.90. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 26.75 and a beta of 1.56.

Carpenter Technology (NYSE:CRS - Get Free Report) last posted its 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 return on equity of 10.21% and a net margin of 5.27%. The company had revenue of $624.20 million for the quarter, compared to analyst estimates of $669.56 million. Analysts predict that Carpenter Technology Co. will post 3.94 EPS for the current fiscal year.

Carpenter Technology Dividend Announcement

The business also recently announced 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 1.03%. Carpenter Technology's dividend payout ratio (DPR) is presently 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.