Carpenter Technology Co. (NYSE:CRS) Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC increased its stake in shares of Carpenter Technology Co. (NYSE:CRSGet Rating) by 5.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,955 shares of the basic materials company’s stock after purchasing an additional 372 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Carpenter Technology were worth $292,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Toth Financial Advisory Corp lifted its holdings in shares of Carpenter Technology by 25.8% during the first quarter. Toth Financial Advisory Corp now owns 1,394 shares of the basic materials company’s stock worth $59,000 after purchasing an additional 286 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Carpenter Technology during the fourth quarter worth $51,000. Investors Research Corp lifted its holdings in shares of Carpenter Technology by 26.1% during the first quarter. Investors Research Corp now owns 2,900 shares of the basic materials company’s stock worth $122,000 after purchasing an additional 600 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Carpenter Technology during the fourth quarter worth $175,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Carpenter Technology by 20.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,338 shares of the basic materials company’s stock worth $185,000 after purchasing an additional 1,085 shares during the period. 91.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CRS has been the subject of a number of recent analyst reports. StockNews.com raised Carpenter Technology from a “sell” rating to a “hold” rating in a report on Monday, May 16th. Benchmark raised their target price on Carpenter Technology from $43.00 to $48.00 in a report on Wednesday, April 20th.

Carpenter Technology Price Performance

Carpenter Technology stock opened at $33.01 on Tuesday. Carpenter Technology Co. has a one year low of $24.76 and a one year high of $44.96. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.66 and a current ratio of 2.98. The business has a fifty day moving average of $30.42 and a two-hundred day moving average of $34.44. The company has a market cap of $1.59 billion, a P/E ratio of -32.05 and a beta of 1.77.

Carpenter Technology Company Profile

(Get Rating)

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. It operates through 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.

Further Reading

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

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