Nisa Investment Advisors LLC Sells 300 Shares of Carpenter Technology Co. (NYSE:CRS)

Nisa Investment Advisors LLC trimmed its position in Carpenter Technology Co. (NYSE:CRS) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,166 shares of the basic materials company’s stock after selling 300 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Carpenter Technology were worth $791,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CRS. Point72 Hong Kong Ltd acquired a new position in shares of Carpenter Technology in the 1st quarter valued at $26,000. Tower Research Capital LLC TRC increased 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 acquiring an additional 543 shares during the period. Fifth Third Bancorp raised its position 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 worth $82,000 after purchasing an additional 887 shares in the last quarter. NBC Securities Inc. acquired a new position in Carpenter Technology in the third quarter worth about $91,000. Finally, Point72 Middle East FZE bought a new position in Carpenter Technology during the fourth quarter worth about $95,000. 92.03% of the stock is owned by institutional investors.

Carpenter Technology Stock Up 2.1 %

NYSE CRS opened at $77.49 on Wednesday. Carpenter Technology Co. has a 1-year low of $44.40 and a 1-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. The stock’s 50 day moving average is $68.52 and its two-hundred day moving average is $67.35. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 26.81 and a beta of 1.56.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings results on Thursday, January 25th. The basic materials company reported $0.85 EPS 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 business had revenue of $624.20 million for the quarter, compared to analyst estimates of $669.56 million. Equities analysts forecast that Carpenter Technology Co. will post 3.96 earnings per share for the current fiscal year.

Carpenter Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Tuesday, April 23rd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, April 22nd. This is an increase from Carpenter Technology’s previous quarterly dividend of $0.18. Carpenter Technology’s 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.