New York State Teachers Retirement System Purchases 700 Shares of Carpenter Technology Co. (NYSE:CRS)

New York State Teachers Retirement System boosted its position in Carpenter Technology Co. (NYSE:CRS) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,948 shares of the basic materials company’s stock after acquiring an additional 700 shares during the period. New York State Teachers Retirement System owned 0.14% of Carpenter Technology worth $4,740,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new position in Carpenter Technology in the first quarter valued at about $26,000. Tower Research Capital LLC TRC lifted its stake in Carpenter Technology by 124.5% in 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 lifted its stake in Carpenter Technology by 322.5% in 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. acquired a new position in Carpenter Technology in the third quarter valued at about $91,000. Finally, Strs Ohio lifted its stake in Carpenter Technology by 400.0% in the third quarter. Strs Ohio now owns 2,500 shares of the basic materials company’s stock valued at $168,000 after buying an additional 2,000 shares during the period. Institutional investors own 92.03% of the company’s stock.

Carpenter Technology Trading Down 1.7 %

NYSE:CRS opened at $77.50 on Friday. Carpenter Technology Co. has a 1-year low of $43.56 and a 1-year high of $82.16. The business’s 50-day moving average price is $67.86 and its two-hundred day moving average price is $67.23. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 26.82 and a beta of 1.56.

Carpenter Technology (NYSE:CRS) last released its 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. 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. On average, equities analysts expect that Carpenter Technology Co. will post 3.95 earnings per share for the current year.

Carpenter Technology Announces Dividend

The firm also recently declared 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 dividend payout ratio is currently 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.