Harbor Capital Advisors Inc. Has $11.99 Million Stock Position in Carpenter Technology Co. (NYSE:CRS)

Harbor Capital Advisors Inc. lessened its stake in shares of Carpenter Technology Co. (NYSE:CRS) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,652 shares of the basic materials company’s stock after selling 687 shares during the period. Harbor Capital Advisors Inc. owned 0.14% of Carpenter Technology worth $11,990,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Tidal Investments LLC grew its position in shares of Carpenter Technology by 91.9% in the third quarter. Tidal Investments LLC now owns 21,083 shares of the basic materials company’s stock valued at $3,364,000 after purchasing an additional 10,094 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Carpenter Technology by 3.9% in the 3rd quarter. Fisher Asset Management LLC now owns 364,312 shares of the basic materials company’s stock valued at $58,137,000 after buying an additional 13,815 shares during the last quarter. Forest Avenue Capital Management LP bought a new position in Carpenter Technology in the 3rd quarter worth approximately $25,262,000. Natixis Advisors LLC lifted its holdings in shares of Carpenter Technology by 6.0% during the third quarter. Natixis Advisors LLC now owns 23,817 shares of the basic materials company’s stock worth $3,801,000 after buying an additional 1,343 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Carpenter Technology by 15.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,485 shares of the basic materials company’s stock valued at $122,794,000 after acquiring an additional 103,559 shares during the period. Institutional investors own 92.03% of the company’s stock.

Carpenter Technology Price Performance

Shares of Carpenter Technology stock traded down $1.61 during trading on Friday, hitting $182.24. 222,058 shares of the company’s stock traded hands, compared to its average volume of 554,754. Carpenter Technology Co. has a twelve month low of $58.87 and a twelve month high of $198.24. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.84 and a quick ratio of 2.00. The company has a market cap of $9.08 billion, a PE ratio of 40.59, a PEG ratio of 0.90 and a beta of 1.55. The firm’s fifty day moving average price is $179.13 and its 200 day moving average price is $153.10.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings data on Thursday, October 24th. The basic materials company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.15. The company had revenue of $717.60 million for the quarter, compared to analyst estimates of $742.96 million. Carpenter Technology had a return on equity of 18.01% and a net margin of 8.05%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.88 EPS. Analysts forecast that Carpenter Technology Co. will post 6.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CRS shares. Benchmark reiterated a “buy” rating and set a $175.00 target price on shares of Carpenter Technology in a research note on Friday, October 25th. JPMorgan Chase & Co. assumed coverage on shares of Carpenter Technology in a research report on Friday, November 22nd. They set an “overweight” rating and a $220.00 price objective for the company. One 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.