Consolidated Portfolio Review Corp Invests $1.30 Million in Carpenter Technology Co. (NYSE:CRS)

Consolidated Portfolio Review Corp purchased a new position in shares of Carpenter Technology Co. (NYSE:CRS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,322 shares of the basic materials company's stock, valued at approximately $1,297,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its holdings in Carpenter Technology by 35.7% in the first quarter. State Street Corp now owns 3,358,268 shares of the basic materials company's stock valued at $140,980,000 after acquiring an additional 883,239 shares during the last quarter. Millennium Management LLC bought a new stake in Carpenter Technology in the second quarter valued at approximately $18,635,000. Norges Bank bought a new stake in Carpenter Technology in the fourth quarter valued at approximately $20,328,000. Invesco Ltd. boosted its holdings in Carpenter Technology by 33.9% in the first quarter. Invesco Ltd. now owns 1,453,421 shares of the basic materials company's stock valued at $61,014,000 after acquiring an additional 368,093 shares during the last quarter. Finally, FMR LLC boosted its holdings in Carpenter Technology by 49.6% in the first quarter. FMR LLC now owns 1,013,937 shares of the basic materials company's stock valued at $45,384,000 after acquiring an additional 336,386 shares during the last quarter. 92.03% of the stock is currently owned by institutional investors.

Carpenter Technology Trading Down 1.7 %

CRS traded down $1.38 during trading on Friday, hitting $77.50. The company's stock had a trading volume of 366,264 shares, compared to its average volume of 470,923. Carpenter Technology Co. has a twelve month low of $43.56 and a twelve month high of $82.16. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.47. The stock's fifty day moving average price is $67.86 and its 200-day moving average price is $67.23. The firm has a market capitalization of $3.83 billion, a P/E ratio of 26.82 and a beta of 1.56.

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 return on equity of 10.21% and a net margin of 5.27%. The firm had revenue of $624.20 million for the quarter, compared to analyst estimates of $669.56 million. Analysts anticipate that Carpenter Technology Co. will post 3.95 EPS for the current year.

Carpenter Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Tuesday, January 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Monday, January 29th. Carpenter Technology's payout ratio is 27.68%.

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.