Calamos Advisors LLC Sells 11,887 Shares of Carpenter Technology Co. (NYSE:CRS)

Calamos Advisors LLC decreased its position in Carpenter Technology Co. (NYSE:CRS) by 40.4% during the 4th quarter, HoldingsChannel reports. The fund owned 17,531 shares of the basic materials company’s stock after selling 11,887 shares during the quarter. Calamos Advisors LLC’s holdings in Carpenter Technology were worth $1,241,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Phocas Financial Corp. bought a new stake in shares of Carpenter Technology in the fourth quarter worth $3,396,000. Consolidated Portfolio Review Corp acquired a new position in Carpenter Technology during the fourth quarter valued at approximately $1,297,000. Penserra Capital Management LLC grew its stake in Carpenter Technology by 6,477.1% in the third quarter. Penserra Capital Management LLC now owns 37,884 shares of the basic materials company’s stock valued at $2,546,000 after purchasing an additional 37,308 shares in the last quarter. Kestra Advisory Services LLC grew its stake in Carpenter Technology by 7.4% in the third quarter. Kestra Advisory Services LLC now owns 7,256 shares of the basic materials company’s stock valued at $488,000 after purchasing an additional 503 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC acquired a new position in shares of Carpenter Technology during the 3rd quarter worth approximately $1,148,000. Institutional investors and hedge funds own 92.03% of the company’s stock.

Carpenter Technology Trading Down 1.7 %

NYSE CRS opened at $78.04 on Monday. Carpenter Technology Co. has a 12 month low of $44.40 and a 12 month 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 has a 50 day moving average of $69.44 and a 200-day moving average of $67.62. The company has a market cap of $3.86 billion, a PE ratio of 27.00 and a beta of 1.56.

Carpenter Technology (NYSE:CRS) last announced its quarterly earnings data on Thursday, January 25th. The basic materials company reported $0.85 EPS for the quarter, meeting analysts’ consensus estimates 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 net margin of 5.27% and a return on equity of 10.21%. On average, equities research analysts anticipate that Carpenter Technology Co. will post 3.96 EPS for the current fiscal year.

Carpenter Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Tuesday, April 23rd will be paid a $0.20 dividend. This is a positive change from Carpenter Technology’s previous quarterly dividend of $0.18. The ex-dividend date is Monday, April 22nd. This represents a $0.80 annualized dividend and a yield of 1.03%. Carpenter Technology’s dividend payout ratio is currently 27.68%.

Carpenter Technology 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.