Man Group plc acquired a new stake in shares of Carpenter Technology Co. (NYSE:CRS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 32,404 shares of the basic materials company’s stock, valued at approximately $1,911,000. Man Group plc owned approximately 0.07% of Carpenter Technology as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CRS. Franklin Resources Inc. raised its position in Carpenter Technology by 16.4% during the third quarter. Franklin Resources Inc. now owns 1,513,719 shares of the basic materials company’s stock valued at $89,234,000 after acquiring an additional 213,100 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Carpenter Technology by 22.3% in the third quarter. Frontier Capital Management Co. LLC now owns 1,149,392 shares of the basic materials company’s stock valued at $67,757,000 after purchasing an additional 209,210 shares during the period. BlackRock Inc. raised its position in shares of Carpenter Technology by 4.2% in the second quarter. BlackRock Inc. now owns 5,226,200 shares of the basic materials company’s stock valued at $274,743,000 after purchasing an additional 208,884 shares during the period. WINTON GROUP Ltd bought a new position in shares of Carpenter Technology in the third quarter valued at approximately $11,426,000. Finally, Fisher Asset Management LLC raised its position in shares of Carpenter Technology by 72.7% in the third quarter. Fisher Asset Management LLC now owns 429,841 shares of the basic materials company’s stock valued at $25,339,000 after purchasing an additional 181,011 shares during the period. 94.00% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the stock. Deutsche Bank set a $50.00 price target on shares of Carpenter Technology and gave the company a “hold” rating in a research report on Thursday, October 25th. ValuEngine lowered shares of Carpenter Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Cowen reissued a “buy” rating and issued a $53.00 price target on shares of Carpenter Technology in a research report on Thursday, December 6th. Zacks Investment Research lowered shares of Carpenter Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, December 4th. Finally, Longbow Research raised shares of Carpenter Technology from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Tuesday, December 11th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $56.00.

NYSE:CRS opened at $41.44 on Friday. Carpenter Technology Co. has a 12 month low of $32.77 and a 12 month high of $61.49. The company has a market capitalization of $1.93 billion, a PE ratio of 16.58 and a beta of 2.17. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.23 and a current ratio of 3.27.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings results on Wednesday, October 24th. The basic materials company reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.09). Carpenter Technology had a net margin of 8.74% and a return on equity of 9.03%. The firm had revenue of $572.40 million during the quarter, compared to the consensus estimate of $559.00 million. During the same period in the prior year, the business earned $0.49 EPS. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. Analysts predict that Carpenter Technology Co. will post 3.16 earnings per share for the current fiscal year.

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Carpenter Technology Company Profile

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. The company operates through two segments, Specialty Alloys Operations and Performance Engineered Products. It offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as drilling tools; and metal powders and parts.

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Institutional Ownership by Quarter for Carpenter Technology (NYSE:CRS)

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