Here is What Institutional Investors Think About Carpenter Technology Corp (NYSE:CRS)

July 17, 2017 - By Peter Erickson

 Here is What Institutional Investors Think About Carpenter Technology Corp (NYSE:CRS)

Sentiment for Carpenter Technology Corp (NYSE:CRS)

Carpenter Technology Corp (NYSE:CRS) institutional sentiment increased to 0.98 in Q4 2016. Its up 0.07, from 0.91 in 2016Q3. The ratio increased, as 85 funds started new and increased positions, while 87 sold and reduced their equity positions in Carpenter Technology Corp. The funds in our partner’s database now have: 43.47 million shares, down from 43.78 million shares in 2016Q3. Also, the number of funds holding Carpenter Technology Corp in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 27 Reduced: 60 Increased: 65 New Position: 20.

Carpenter Technology Corporation is engaged in the manufacturing, fabrication and distribution of specialty metals. The company has market cap of $1.85 billion. The Company’s divisions include Specialty Alloys Operations and Performance Engineered Products (PEP). It has a 51.91 P/E ratio. The Company’s SAO segment consists of alloy and stainless steel manufacturing operations.

About 246,328 shares traded. Carpenter Technology Corporation (NYSE:CRS) has risen 19.37% since July 17, 2016 and is uptrending. It has outperformed by 2.67% the S&P500.

Investors wait Carpenter Technology Corporation (NYSE:CRS) to report on July, 27. its quarterly earnings Wall Street analysts expect $0.45 EPS, up $0.10 or 28.57 % from last year’s $0.35 same quarter earnings. This translates into $20.84 million profit for CRS giving the stock a 22.07 P/E. This is assuming the current $0.45 EPS is accurate. Carpenter Technology Corporation’s Wall Street analysts see 2.27 % EPS growth, taking into account the $0.44 EPS reproted in the previous quarter,

Edgepoint Investment Group Inc. holds 2.29% of its portfolio in Carpenter Technology Corporation for 3.77 million shares. Huber Capital Management Llc owns 1.03 million shares or 1.43% of their US portfolio. Moreover, Parametrica Management Ltd has 1.2% invested in the company for 33,627 shares. The Wisconsin-based Netols Asset Management Inc. has invested 0.88% in the stock. Tributary Capital Management Llc, a Colorado-based fund reported 162,564 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 2 insider sales for $760,966 activity.

Carpenter Technology Corporation (NYSE:CRS) Ratings Coverage

Ratings analysis reveals 50% of Carpenter Technology’s analysts are positive. Out of 6 Wall Street analysts rating Carpenter Technology, 3 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $35 while the high is $48. The stock’s average target of $41.40 is 4.02% above today’s ($39.8) share price. CRS was included in 7 notes of analysts from October 19, 2015. The firm earned “Hold” rating on Friday, April 28 by Cowen & Co. The company was initiated on Friday, September 9 by Seaport Global. Rosenblatt maintained Carpenter Technology Corporation (NYSE:CRS) on Friday, February 5 with “Buy” rating. Seaport Global upgraded it to “Buy” rating and $45 target in Thursday, March 16 report. The firm has “Neutral” rating given on Monday, October 19 by JP Morgan.

More notable recent Carpenter Technology Corporation (NYSE:CRS) news were published by: Readingeagle.com which released: “New venture for Carpenter Technology” on May 30, 2017, also Seekingalpha.com with their article: “Carpenter Technology Is In The Latter Innings Of A Turnaround” published on April 10, 2017, Nasdaq.com published: “Carpenter Technology Corp. Profit Advances 45% In Q3” on April 27, 2017. More interesting news about Carpenter Technology Corporation (NYSE:CRS) were released by: Fool.com and their article: “Carpenter Technology Corporation Upgraded: What You Need to Know” published on March 16, 2017 as well as Nasdaq.com‘s news article titled: “Carpenter Technology Begins Production of Industry’s First High-Strength, Low …” with publication date: June 20, 2017.

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