Carpenter Technology Co. (NYSE:CRS) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC decreased its position in Carpenter Technology Co. (NYSE:CRS - Free Report) by 40.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,531 shares of the basic materials company's stock after selling 11,887 shares during the quarter. Calamos Advisors LLC's holdings in Carpenter Technology were worth $1,241,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in shares of Carpenter Technology by 100.9% in the third quarter. SG Americas Securities LLC now owns 51,132 shares of the basic materials company's stock worth $3,437,000 after buying an additional 25,676 shares during the period. Naples Global Advisors LLC bought a new position in shares of Carpenter Technology in the third quarter worth about $235,000. Koshinski Asset Management Inc. bought a new position in shares of Carpenter Technology in the third quarter worth about $615,000. Roman Butler Fullerton & Co. bought a new position in shares of Carpenter Technology in the third quarter worth about $632,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Carpenter Technology during the 3rd quarter valued at approximately $284,000. Institutional investors own 92.03% of the company's stock.

Carpenter Technology Price Performance

CRS traded up $0.88 on Monday, hitting $78.92. 620,487 shares of the company's stock traded hands, compared to its average volume of 489,944. The company's 50 day simple moving average is $69.75 and its 200-day simple moving average is $67.72. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 27.31 and a beta of 1.56. Carpenter Technology Co. has a one year low of $44.40 and a one year high of $82.16. 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 released its quarterly earnings results on Thursday, January 25th. The basic materials company reported $0.85 earnings per share for the quarter, meeting the consensus estimate of $0.85. The business had revenue of $624.20 million during the quarter, compared to analysts' expectations of $669.56 million. Carpenter Technology had a return on equity of 10.21% and a net margin of 5.27%. As a group, research analysts anticipate that Carpenter Technology Co. will post 3.96 EPS for the current year.

Carpenter Technology Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Tuesday, April 23rd will be issued a $0.20 dividend. This is a boost from Carpenter Technology's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.01%. 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.