Phocas Financial Corp. Takes $3.40 Million Position in Carpenter Technology Co. (NYSE:CRS)

Phocas Financial Corp. acquired a new stake in Carpenter Technology Co. (NYSE:CRS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 47,971 shares of the basic materials company's stock, valued at approximately $3,396,000. Phocas Financial Corp. owned 0.10% of Carpenter Technology at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new stake in shares of Carpenter Technology in the 1st quarter worth approximately $26,000. Tower Research Capital LLC TRC lifted its position in shares of 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 worth $44,000 after purchasing an additional 543 shares during the period. Fifth Third Bancorp lifted its position in shares of Carpenter Technology by 322.5% in the 4th quarter. Fifth Third Bancorp now owns 1,162 shares of the basic materials company's stock worth $82,000 after purchasing an additional 887 shares during the period. NBC Securities Inc. purchased a new stake in shares of Carpenter Technology in the 3rd quarter worth approximately $91,000. Finally, Point72 Middle East FZE purchased a new stake in shares of Carpenter Technology in the 4th quarter worth approximately $95,000. Hedge funds and other institutional investors own 92.03% of the company's stock.

Carpenter Technology Stock Down 2.1 %

Shares of CRS traded down $1.62 during mid-day trading on Monday, hitting $75.88. The company's stock had a trading volume of 402,050 shares, compared to its average volume of 478,283. The company's 50-day moving average is $67.86 and its 200-day moving average is $67.22. Carpenter Technology Co. has a 52-week low of $44.40 and a 52-week high of $82.16. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 26.26 and a beta of 1.56. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47.

Carpenter Technology (NYSE:CRS - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The basic materials company reported $0.85 earnings per share for the quarter, hitting the consensus estimate of $0.85. The firm had revenue of $624.20 million during the quarter, compared to analysts' expectations of $669.56 million. Carpenter Technology had a net margin of 5.27% and a return on equity of 10.21%. On average, equities research analysts forecast that Carpenter Technology Co. will post 3.96 EPS for the current fiscal year.

Carpenter Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Tuesday, January 30th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, January 29th. This represents a $0.80 annualized dividend and a dividend yield of 1.05%. Carpenter Technology's dividend payout ratio (DPR) is presently 27.68%.

Carpenter Technology Company 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.