Precision Castparts Corp. (PCP) Announces Quarterly Dividend of $0.03
Precision Castparts Corp. (NYSE:PCP) declared a quarterly dividend on Thursday, February 13th, ARN reports. Stockholders of record on Friday, March 7th will be given a dividend of 0.03 per share on Monday, March 31st. This represents a $0.12 dividend on an annualized basis and a yield of 0.05%.
PCP has been the subject of a number of recent research reports. Analysts at Ned Davis Research upgraded shares of Precision Castparts Corp. from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th. On the ratings front, analysts at Barclays raised their price target on shares of Precision Castparts Corp. from $290.00 to $310.00 in a research note on Friday, January 24th. They now have an “overweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Precision Castparts Corp. from $295.00 to $288.00 in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $274.37.
Shares of Precision Castparts Corp. (NYSE:PCP) traded up 0.57% on Thursday, hitting $263.87. The stock had a trading volume of 498,456 shares. Precision Castparts Corp. has a one year low of $180.06 and a one year high of $274.96. The stock has a 50-day moving average of $263.1 and a 200-day moving average of $244.3. The company has a market cap of $38.329 billion and a price-to-earnings ratio of 22.57.
Precision Castparts Corp. (NYSE:PCP) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $2.95 earnings per share for the quarter, missing the analysts’ consensus estimate of $3.04 by $0.09. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the company posted $2.40 earnings per share. Precision Castparts Corp.’s revenue was up 15.9% compared to the same quarter last year. Analysts expect that Precision Castparts Corp. will post $11.95 EPS for the current fiscal year.
Precision Castparts Corp. (NYSE:PCP) is a manufacturer of metal components and products, provides investment castings, forgings and fasteners/fastener systems for critical aerospace and industrial gas turbine (IGT) applications.
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