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Viola L. Acoff, a director at Carpenter Technology Corp (NYSE:CRS), recently executed a series of stock transactions involving the company’s shares. According to a recent SEC filing, Acoff sold 4,000 shares of Carpenter Technology common stock on March 4, 2025, at an average price of $201.83 per share, totaling approximately $807,326. The transaction comes amid a remarkable period for the company, which has seen its stock surge over 213% in the past year, according to InvestingPro data.
In addition to the sale, Acoff also exercised stock options to acquire 4,000 shares at a price of $45.12 per share, which equates to a total transaction value of $180,480. These options were granted under the Carpenter Technology Corporation Stock Based Compensation Plan for Non-Employee Directors. The company, now valued at approximately $9.4 billion, maintains a "GREAT" financial health score according to InvestingPro metrics.
Following these transactions, Acoff no longer holds any shares of Carpenter Technology stock directly. The transactions reflect strategic financial decisions by Acoff within the scope of her role as a director of the company. Analysts maintain a positive outlook on the stock, with price targets ranging from $150 to $300 per share. For deeper insights and 13 additional ProTips about Carpenter Technology, visit InvestingPro.
In other recent news, Carpenter Technology Corporation reported its second quarter fiscal year 2025 earnings, revealing an earnings per share (EPS) of $1.66, which exceeded analyst expectations of $1.62. However, the company’s revenue of $676.9 million fell short of the forecasted $724.42 million. Despite the revenue miss, operating income saw a significant year-over-year increase of 70%, reaching $119 million. In a notable development, Fitch Ratings upgraded Carpenter Technology’s Issuer Default Rating from ’BB’ to ’BB+’, with a stable outlook, reflecting confidence in the company’s financial position and its focus on the aerospace sector. Additionally, Carpenter Technology expanded its Board of Directors by appointing Julie A. Beck, bringing her extensive financial leadership experience to the company. This strategic move is part of the company’s ongoing efforts to strengthen its governance and leadership team. Furthermore, the company announced its intention to raise full-year operating income guidance to between $500 million and $520 million, driven by expected volume increases in the aerospace sector. These developments indicate Carpenter Technology’s strategic positioning and adaptability in a rapidly evolving market environment.
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