Carpenter Technology Corp (NYSE:CRS) Sentiment Worsened, Despite

October 2, 2018 - By Louis Casey

Carpenter Technology Corporation (NYSE:CRS) Logo

Sentiment for Carpenter Technology Corp (NYSE:CRS)

Carpenter Technology Corp (NYSE:CRS) institutional sentiment decreased to 0.93 in Q2 2018. Its down -0.33, from 1.26 in 2018Q1. The ratio fall, as 93 institutional investors increased and started new stock positions, while 100 sold and decreased their positions in Carpenter Technology Corp. The institutional investors in our partner’s database now possess: 43.10 million shares, down from 43.54 million shares in 2018Q1. Also, the number of institutional investors holding Carpenter Technology Corp in their top 10 stock positions increased from 0 to 1 for an increase of 1. Sold All: 23 Reduced: 77 Increased: 59 New Position: 34.

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. The company has market cap of $2.83 billion. It operates through two divisions, Specialty Alloys Operations and Performance Engineered Products. It has a 15.25 P/E ratio. The firm develops, makes, and distributes cast/wrought and powder metal stainless steels and special alloys, including iron-nickel-cobalt base, stainless, superior corrosion resistant, and controlled expansion alloys; ultra-high strength and implantable alloys; tools and die steels; and other specialty metals, as well as cast/wrought titanium alloys.

The stock increased 1.89% or $1.11 during the last trading session, reaching $59.78. About 135,451 shares traded. Carpenter Technology Corporation (NYSE:CRS) has risen 44.88% since October 2, 2017 and is uptrending. It has outperformed by 29.26% the S&P500.

Analysts await Carpenter Technology Corporation (NYSE:CRS) to report earnings on October, 25. They expect $0.73 earnings per share, up 48.98 % or $0.24 from last year’s $0.49 per share. CRS’s profit will be $34.55 million for 20.47 P/E if the $0.73 EPS becomes a reality. After $0.87 actual earnings per share reported by Carpenter Technology Corporation for the previous quarter, Wall Street now forecasts -16.09 % negative EPS growth.

Hillcrest Asset Management Llc holds 2.02% of its portfolio in Carpenter Technology Corporation for 205,708 shares. Halsey Associates Inc Ct owns 163,165 shares or 1.67% of their US portfolio. Moreover, Westover Capital Advisors Llc has 1.17% invested in the company for 41,465 shares. The California-based Huber Capital Management Llc has invested 1.02% in the stock. Stanley, a Alabama-based fund reported 86,561 shares.

Since January 1, 0001, it had 0 insider buys, and 9 insider sales for $5.60 million activity.

Carpenter Technology Corporation (NYSE:CRS) Ratings Coverage

Ratings analysis reveals 33% of Carpenter Technology’s analysts are positive. Out of 3 Wall Street analysts rating Carpenter Technology, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. CRS was included in 3 notes of analysts from April 11, 2018. The stock of Carpenter Technology Corporation (NYSE:CRS) earned “Outperform” rating by Cowen & Co on Friday, April 27. The firm earned “Hold” rating on Wednesday, April 11 by Deutsche Bank. As per Monday, June 25, the company rating was downgraded by Longbow.

Carpenter Technology Corporation (NYSE:CRS) Institutional Positions Chart

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