180 Wealth Advisors LLC Has $251,000 Stock Holdings in Carpenter Technology Corporation $CRS

180 Wealth Advisors LLC cut its holdings in Carpenter Technology Corporation (NYSE:CRS) by 19.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 908 shares of the basic materials company’s stock after selling 222 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Carpenter Technology were worth $251,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Rise Advisors LLC acquired a new position in shares of Carpenter Technology in the 1st quarter valued at approximately $31,000. IMA Advisory Services Inc. acquired a new position in shares of Carpenter Technology in the 1st quarter valued at approximately $36,000. Bessemer Group Inc. grew its position in shares of Carpenter Technology by 50.3% in the 1st quarter. Bessemer Group Inc. now owns 230 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 77 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of Carpenter Technology in the 1st quarter valued at approximately $49,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Carpenter Technology in the 1st quarter valued at approximately $71,000. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Carpenter Technology

In other news, Director Steven E. Karol sold 3,433 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $245.78, for a total transaction of $843,762.74. Following the sale, the director owned 180,000 shares in the company, valued at $44,240,400. This represents a 1.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Tony R. Thene sold 19,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $244.99, for a total value of $4,654,810.00. Following the sale, the chief executive officer owned 535,019 shares in the company, valued at approximately $131,074,304.81. This represents a 3.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,124 shares of company stock worth $6,890,250 in the last 90 days. Corporate insiders own 2.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Cowen reiterated a “buy” rating on shares of Carpenter Technology in a research report on Friday. Jones Trading assumed coverage on Carpenter Technology in a research report on Wednesday. They set a “buy” rating and a $400.00 price target for the company. BTIG Research reaffirmed a “buy” rating on shares of Carpenter Technology in a research report on Monday, August 4th. TD Cowen upped their price target on Carpenter Technology from $305.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Zacks Research downgraded Carpenter Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 1st. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $333.33.

Carpenter Technology Trading Up 4.5%

Shares of Carpenter Technology stock opened at $313.63 on Friday. Carpenter Technology Corporation has a 12-month low of $138.61 and a 12-month high of $315.90. The stock has a market cap of $15.63 billion, a P/E ratio of 38.34, a P/E/G ratio of 1.42 and a beta of 1.46. The company has a quick ratio of 2.01, a current ratio of 4.44 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $246.12 and its 200-day moving average is $241.58.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings data on Thursday, October 23rd. The basic materials company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.30. Carpenter Technology had a return on equity of 22.68% and a net margin of 14.30%.The company had revenue of $733.70 million for the quarter, compared to analysts’ expectations of $741.18 million. During the same quarter in the prior year, the business posted $1.73 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. Equities research analysts predict that Carpenter Technology Corporation will post 6.83 earnings per share for the current fiscal year.

Carpenter Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Tuesday, October 21st will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, October 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.3%. Carpenter Technology’s dividend payout ratio is currently 9.78%.

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.