Precision Castparts Corp. (PCP) Announces Quarterly Dividend of $0.03
Precision Castparts Corp. (NYSE:PCP) declared a quarterly dividend on Wednesday, August 13th, AR Network reports. Investors of record on Friday, September 5th will be given a dividend of 0.03 per share on Monday, September 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.05%.
A number of analysts have recently weighed in on PCP shares. Analysts at CRT Capital raised their price target on shares of Precision Castparts Corp. from $295.00 to $307.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. On the ratings front, analysts at Credit Suisse reiterated an “outperform” rating on shares of Precision Castparts Corp. in a research note on Friday, July 25th. They now have a $292.00 price target on the stock, down previously from $312.00. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Precision Castparts Corp. in a research note on Friday, July 25th. They now have a $280.00 price target on the stock, down previously from $300.00. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $285.53.
Shares of Precision Castparts Corp. (NYSE:PCP) traded up 1.28% on Wednesday, hitting $235.55. The stock had a trading volume of 500,109 shares. Precision Castparts Corp. has a 52 week low of $210.79 and a 52 week high of $275.09. The stock’s 50-day moving average is $245.7 and its 200-day moving average is $253.1. The company has a market cap of $33.795 billion and a P/E ratio of 18.64.
Precision Castparts Corp. (NYSE:PCP) last announced its earnings results on Thursday, July 24th. The company reported $3.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.35 by $0.03. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the company posted $2.88 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts expect that Precision Castparts Corp. will post $13.96 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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