Carpenter Technology Corporation (CRS)’s Stock Is Sell After Today’s Significant Decline

August 11, 2017 - By Vivian Currie

Investors sentiment increased to 0.98 in 2016 Q4. Its up 0.07, from 0.91 in 2016Q3. It increased, as 27 investors sold Carpenter Technology Corporation shares while 60 reduced holdings. 20 funds opened positions while 65 raised stakes. 43.47 million shares or 0.71% less from 43.78 million shares in 2016Q3 were reported.
Scout Invests stated it has 32,321 shares or 0.03% of all its holdings. Kistler holds 0.01% or 460 shares. 73,065 were accumulated by Metropolitan Life Ins New York. 25,202 were accumulated by Ubs Asset Americas Inc. Victory Capital holds 1.06M shares. Blackrock Inv Mgmt Ltd Limited Liability Company invested 0.02% in Carpenter Technology Corporation (NYSE:CRS). Mutual Of America Capital Management Ltd Co holds 0.02% or 36,032 shares. Kbc Gru Nv has invested 0.01% in Carpenter Technology Corporation (NYSE:CRS). Nationwide Fund accumulated 117,217 shares. Valley Natl Advisers stated it has 0.04% in Carpenter Technology Corporation (NYSE:CRS). Piedmont Investment Advisors Llc reported 0% of its portfolio in Carpenter Technology Corporation (NYSE:CRS). Bridgeway Incorporated owns 102,000 shares or 0.05% of their US portfolio. Blackrock has 29,038 shares for 0% of their portfolio. Creative Planning has 1,113 shares for 0% of their portfolio. Blackrock Institutional Tru Na owns 1.40 million shares.

Since February 22, 2017, it had 0 insider buys, and 1 sale for $420,166 activity. $420,166 worth of stock was sold by KAROL STEVEN E on Wednesday, February 22.

The stock of Carpenter Technology Corporation (NYSE:CRS) is a huge mover today! About 268,099 shares traded. Carpenter Technology Corporation (NYSE:CRS) has risen 19.37% since August 11, 2016 and is uptrending. It has outperformed by 2.67% the S&P500.
The move comes after 7 months negative chart setup for the $1.76 billion company. It was reported on Aug, 11 by Barchart.com. We have $36.48 PT which if reached, will make NYSE:CRS worth $52.80M less.

Carpenter Technology Corporation (NYSE:CRS) Ratings Coverage

Among 6 analysts covering Carpenter Technology (NYSE:CRS), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Carpenter Technology had 10 analyst reports since October 19, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Seaport Global on Friday, September 9. The firm has “Buy” rating by Rosenblatt given on Friday, February 5. The stock of Carpenter Technology Corporation (NYSE:CRS) has “Hold” rating given on Friday, April 28 by Cowen & Co. The stock of Carpenter Technology Corporation (NYSE:CRS) earned “Neutral” rating by JP Morgan on Monday, October 19. As per Thursday, July 27, the company rating was maintained by Cowen & Co. Seaport Global upgraded it to “Buy” rating and $45 target in Thursday, March 16 report. The firm has “Hold” rating given on Monday, July 17 by Cowen & Co. Longbow maintained the stock with “Buy” rating in Friday, July 28 report.

More notable recent Carpenter Technology Corporation (NYSE:CRS) news were published by: Readingeagle.com which released: “Carpenter Technology: $25 million net income” on July 28, 2017, also Globenewswire.com with their article: “Carpenter Technology Announces Conference Call and Webcast” published on July 17, 2017, Fool.com published: “1. What is Carpenter Technology Corporation?” on March 16, 2017. More interesting news about Carpenter Technology Corporation (NYSE:CRS) were released by: Seekingalpha.com and their article: “Carpenter Technology Is In The Latter Innings Of A Turnaround” published on April 10, 2017 as well as Readingeagle.com‘s news article titled: “Carpenter Technology expands reach” with publication date: June 20, 2017.

Carpenter Technology Corporation is engaged in the manufacturing, fabrication and distribution of specialty metals. The company has market cap of $1.76 billion. The Company’s divisions include Specialty Alloys Operations and Performance Engineered Products (PEP). It has a 37.79 P/E ratio. The Company’s SAO segment consists of alloy and stainless steel manufacturing operations.

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