Sandhill Capital Partners buys $15,447,158 stake in Carpenter Technology Corporation (CRS)

Carpenter Technology Corporation (CRS) : Sandhill Capital Partners scooped up 5,284 additional shares in Carpenter Technology Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 421,823 shares of Carpenter Technology Corporation which is valued at $15,447,158.Carpenter Technology Corporation makes up approximately 4.48% of Sandhill Capital Partners’s portfolio.

Other Hedge Funds, Including , Wellington Management Group Llp boosted its stake in CRS in the latest quarter, The investment management firm added 143,334 additional shares and now holds a total of 586,562 shares of Carpenter Technology Corporation which is valued at $21,479,900. Carpenter Technology Corporation makes up approx 0.01% of Wellington Management Group Llp’s portfolio.Cipher Capital Lp reduced its stake in CRS by selling 14,590 shares or 42.53% in the most recent quarter. The Hedge Fund company now holds 19,718 shares of CRS which is valued at $722,073. Carpenter Technology Corporation makes up approx 0.05% of Cipher Capital Lp’s portfolio.Ironbridge Capital Management Lp boosted its stake in CRS in the latest quarter, The investment management firm added 6,321 additional shares and now holds a total of 170,172 shares of Carpenter Technology Corporation which is valued at $6,231,699. Carpenter Technology Corporation makes up approx 0.26% of Ironbridge Capital Management Lp’s portfolio. Princeton Alpha Management Lp sold out all of its stake in CRS during the most recent quarter. The investment firm sold 17,917 shares of CRS which is valued $679,054.Retirement Systems Of Alabama reduced its stake in CRS by selling 292 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 60,098 shares of CRS which is valued at $2,370,265. Carpenter Technology Corporation makes up approx 0.01% of Retirement Systems Of Alabama’s portfolio.

Carpenter Technology Corporation closed down -0.13 points or -0.36% at $36.15 with 3,11,327 shares getting traded on Thursday. Post opening the session at $36.37, the shares hit an intraday low of $35.66 and an intraday high of $36.51 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Carpenter Technology Corporation reported $0.35 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.35. The company had revenue of $457.70 million for the quarter, compared to analysts expectations of $454.00 million. The company’s revenue was down -18.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.52 EPS.

Carpenter Technology Corporation is engaged in the manufacture fabrication and distribution of specialty metals. It develops manufactures and distributes cast/wrought and powder metal stainless steels and special alloys used in the oil and gas industry. It provides material solutions to the changing needs of the aerospace and defense energy transportation medical and industrial and consumer industries. The Company operates in two segments: Specialty Alloys Operations (SAO) comprises company’s alloy and stainless steel manufacturing operations and Performance Engineered Products (PEP) comprises company’s differentiated operations which include Dynamet titanium business Carpenter Powder Products business Amega West business Specialty Steel Supply business and Latrobe and Mexico distribution businesses. Its product line includes Special alloys Stainless steels Titanium products Powder metals and Alloy and tool steel.

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