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Carpenter Technology Corp. (NYSE:CRS) Director Steven E. Karol sold 4,000 shares of the company’s stock on the open market in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $62.25, for a total value of $249,000.00. Following the completion of the transaction, the director now directly owns 245,418 shares of the company’s stock, valued at approximately $15,277,271. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Separately, analysts at Zacks upgraded shares of Carpenter Technology Corp. from an “underperform” rating to a “neutral” rating in a research note on Thursday, April 24th. They now have a $64.70 price target on the stock.

Carpenter Technology Corp. (NYSE:CRS) traded down 1.33% during mid-day trading on Thursday, hitting $61.42. The stock had a trading volume of 206,253 shares. Carpenter Technology Corp. has a one year low of $43.91 and a one year high of $67.00. The stock has a 50-day moving average of $63.36 and a 200-day moving average of $61.64. The company has a market cap of $3.261 billion and a price-to-earnings ratio of 24.64.

Carpenter Technology Corp. (NYSE:CRS) last released its earnings data on Thursday, April 24th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.01. The company had revenue of $566.30 million for the quarter, compared to the consensus estimate of $563.04 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was down 2.6% on a year-over-year basis. Analysts expect that Carpenter Technology Corp. will post $2.52 EPS for the current fiscal year.

Carpenter Technology Corporation (NYSE:CRS), is engaged in the manufacturing, fabrication and distribution of specialty metals.

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