Nisa Investment Advisors LLC Has $791,000 Stock Position in Carpenter Technology Co. (NYSE:CRS)

Nisa Investment Advisors LLC lessened its stake in Carpenter Technology Co. (NYSE:CRS) by 2.6% in the 4th quarter, HoldingsChannel reports. 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Hong Kong Ltd bought a new stake in Carpenter Technology during the first quarter worth $26,000. Tower Research Capital LLC TRC grew its position in shares of Carpenter Technology by 124.5% in the 1st 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 increased its stake in shares of Carpenter Technology by 322.5% during the 4th 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 during the last quarter. NBC Securities Inc. bought a new stake in shares of Carpenter Technology in the 3rd quarter valued at about $91,000. Finally, Strs Ohio lifted its stake in Carpenter Technology by 400.0% in the 3rd quarter. Strs Ohio now owns 2,500 shares of the basic materials company’s stock valued at $168,000 after purchasing an additional 2,000 shares during the last quarter. 92.03% of the stock is owned by institutional investors.

Carpenter Technology Trading Up 2.1 %

Carpenter Technology stock opened at $77.49 on Wednesday. The stock has a 50-day simple moving average of $68.52 and a 200 day simple moving average of $67.35. The stock has a market capitalization of $3.83 billion, a P/E ratio of 26.81 and a beta of 1.56. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 2.90. Carpenter Technology Co. has a 52 week low of $44.40 and a 52 week high of $82.16.

Carpenter Technology (NYSE:CRS) last issued its earnings results on Thursday, January 25th. The basic materials company reported $0.85 EPS for the quarter, hitting the consensus estimate of $0.85. The company had revenue of $624.20 million during the quarter, compared to the consensus estimate of $669.56 million. Carpenter Technology had a return on equity of 10.21% and a net margin of 5.27%. Analysts expect that Carpenter Technology Co. will post 3.96 earnings per share for the current year.

Carpenter Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Tuesday, April 23rd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.03%. This is a boost from Carpenter Technology’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, April 22nd. Carpenter Technology’s payout ratio is 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.