Precision Castparts Corp. CEO Mark Donegan Sells 89,752 Shares (PCP)
Precision Castparts Corp. (NYSE:PCP) CEO Mark Donegan sold 89,752 shares of Precision Castparts Corp. stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $254.69, for a total transaction of $22,858,936.88. Following the transaction, the chief executive officer now directly owns 226,258 shares in the company, valued at approximately $57,625,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Precision Castparts Corp. (NYSE:PCP) traded down 2.39% during mid-day trading on Thursday, hitting $242.99. The stock had a trading volume of 890,886 shares. Precision Castparts Corp. has a 1-year low of $207.15 and a 1-year high of $274.96. The stock’s 50-day moving average is $252.8 and its 200-day moving average is $256.8. The company has a market cap of $35.289 billion and a price-to-earnings ratio of 20.53.
Precision Castparts Corp. (NYSE:PCP) last released its earnings data on Thursday, May 8th. The company reported $3.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $3.20 by $0.07. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the company posted $2.82 earnings per share. The company’s quarterly revenue was down 99.9% on a year-over-year basis. Analysts expect that Precision Castparts Corp. will post $14.06 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Bank of America reiterated a “buy” rating on shares of Precision Castparts Corp. in a research note on Thursday. They now have a $300.00 price target on the stock, up previously from $280.00. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Precision Castparts Corp. in a research note on Friday, May 9th. They now have a $305.00 price target on the stock, down previously from $312.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Precision Castparts Corp. in a research note on Friday, May 9th. They now have a $267.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Precision Castparts Corp. has a consensus rating of “Buy” and an average target price of $283.95.
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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