Moody National Bank Trust Division Has $2.07 Million Position in Carpenter Technology Co. (NYSE:CRS)

Moody National Bank Trust Division decreased its stake in Carpenter Technology Co. (NYSE:CRS) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,213 shares of the basic materials company’s stock after selling 1,108 shares during the period. Moody National Bank Trust Division’s holdings in Carpenter Technology were worth $2,073,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. FMR LLC raised its holdings in Carpenter Technology by 47.1% during the 3rd quarter. FMR LLC now owns 3,465,295 shares of the basic materials company’s stock worth $552,992,000 after purchasing an additional 1,108,963 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Carpenter Technology by 1.6% in the third quarter. Geode Capital Management LLC now owns 1,100,204 shares of the basic materials company’s stock valued at $175,607,000 after buying an additional 17,497 shares during the period. American Century Companies Inc. boosted its position in Carpenter Technology by 129.5% during the second quarter. American Century Companies Inc. now owns 849,097 shares of the basic materials company’s stock valued at $93,044,000 after acquiring an additional 479,047 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Carpenter Technology by 15.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,485 shares of the basic materials company’s stock worth $122,794,000 after acquiring an additional 103,559 shares during the period. Finally, Wolf Hill Capital Management LP bought a new position in shares of Carpenter Technology in the 2nd quarter worth about $73,850,000. 92.03% of the stock is currently owned by institutional investors.

Carpenter Technology Stock Performance

CRS traded up $6.92 during trading on Monday, hitting $192.88. 416,781 shares of the company traded hands, compared to its average volume of 598,019. The firm has a market cap of $9.61 billion, a P/E ratio of 42.96, a price-to-earnings-growth ratio of 0.90 and a beta of 1.55. The company has a quick ratio of 2.00, a current ratio of 3.84 and a debt-to-equity ratio of 0.42. Carpenter Technology Co. has a one year low of $58.87 and a one year high of $198.24. The stock’s fifty day moving average is $179.74 and its 200 day moving average is $154.41.

Carpenter Technology (NYSE:CRS) last posted its quarterly earnings results on Thursday, October 24th. The basic materials company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.15. Carpenter Technology had a net margin of 8.05% and a return on equity of 18.01%. The company had revenue of $717.60 million for the quarter, compared to analysts’ expectations of $742.96 million. During the same quarter in the previous year, the firm posted $0.88 EPS. Carpenter Technology’s revenue was up 10.1% on a year-over-year basis. As a group, equities analysts predict that Carpenter Technology Co. will post 6.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. started coverage on Carpenter Technology in a research note on Friday, November 22nd. They set an “overweight” rating and a $220.00 target price for the company. Benchmark reissued a “buy” rating and set a $175.00 target price on shares of Carpenter Technology in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat, Carpenter Technology presently has an average rating of “Moderate Buy” and an average target price of $153.00.

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.