Rockwood Holdings CEO Sells $759,128 in Stock (ROC)
Rockwood Holdings (NYSE:ROC) CEO Robert J. Zatta sold 10,003 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $75.89, for a total value of $759,127.67. Following the transaction, the chief executive officer now directly owns 89,299 shares in the company, valued at approximately $6,776,901. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Rockwood Holdings (NYSE:ROC) traded up 1.45% on Tuesday, hitting $77.09. The stock had a trading volume of 890,863 shares. Rockwood Holdings has a 52-week low of $62.37 and a 52-week high of $82.00. The stock has a 50-day moving average of $74.58 and a 200-day moving average of $73.39. The company has a market cap of $5.593 billion and a P/E ratio of 3.57.
Rockwood Holdings (NYSE:ROC) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.43 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.43. The company had revenue of $354.50 million for the quarter, compared to the consensus estimate of $355.11 million. During the same quarter last year, the company posted $0.68 earnings per share. Rockwood Holdings’s revenue was up 5.2% compared to the same quarter last year. On average, analysts predict that Rockwood Holdings will post $2.15 earnings per share for the current fiscal year.
A number of research firms have recently commented on ROC. Analysts at Zacks upgraded shares of Rockwood Holdings from an “underperform” rating to a “neutral” rating in a research note on Wednesday, June 4th. They now have a $76.60 price target on the stock. Separately, analysts at Bank of America reiterated a “buy” rating on shares of Rockwood Holdings in a research note on Thursday, May 8th. They now have a $89.00 price target on the stock, down previously from $90.00. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Rockwood Holdings has a consensus rating of “Hold” and an average price target of $80.23.
Rockwood Holdings, Inc (NYSE:ROC) is a developer, manufacturer and marketer of specialty chemicals and advanced materials used for industrial and commercial purposes.
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