Stock Buzzer: Precision Castparts Corp Stock Rise in Q2 2016 Driven by Institutional Investors

November 25, 2016 - By Peter Erickson   ·   0 Comments

Stock Buzzer: Precision Castparts Corp Stock Rise in  Q2 2016 Driven by Institutional Investors

Sentiment for Precision Castparts Corp (NYSE:PCP)

Precision Castparts Corp (NYSE:PCP) institutional sentiment decreased to 0.2 in Q2 2016. Its down -1.30, from 1.5 in 2016Q1. The ratio dropped, as 3 investment managers increased or opened new positions, while 2 sold and decreased positions in Precision Castparts Corp. The investment managers in our partner’s database now hold: 93,610 shares, up from 7,802 shares in 2016Q1. Also, the number of investment managers holding Precision Castparts Corp in their top 10 positions decreased from 1 to 0 for a decrease of 1. Sold All: 2 Reduced: 0 Increased: 0 New Position: 3.

Precision Castparts Corp. is a manufacturer of metal components and products. The company has a market cap of $32.33 billion. The Firm has three business divisions: Investment Cast Products, Forged Products and Airframe Products. It has a 24.66 P/E ratio. The Company’s Investment Cast Products segment makes investment castings and provides related investment casting materials and alloys, for aircraft engines, industrial gas turbine engines, airframes, armaments, medical prostheses, unmanned aerial vehicles and other industrial applications.

It is down 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.

Douglass Winthrop Advisors Llc holds 1.61% of its portfolio in Precision Castparts Corp. for 88,850 shares. Mutual Of Omaha Bank Wealth Management owns 2,700 shares or 0.22% of their US portfolio. Moreover, Janney Montgomery Scott Llc has 0.01% invested in the company for 1,768 shares. The Ohio-based Huntington National Bank has invested 0% in the stock. Trust Department Mb Financial Bank N A, a Illinois-based fund reported 21 shares.#img1#

Precision Castparts Corp. (NYSE:PCP) Ratings Coverage

Ratings analysis reveals 0 of Precision Castparts Corp.’s analysts are positive. Out of 6 Wall Street analysts rating Precision Castparts Corp., 0 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $215 while the high is $235. The stock’s average target of $230 is -2.10% below today’s ($234.93) share price. PCP was included in 8 notes of analysts from July 27, 2015. The stock of Precision Castparts Corp. (NYSE:PCP) has “Market Perform” rating given on Monday, October 12 by Wells Fargo. The stock of Precision Castparts Corp. (NYSE:PCP) has “Hold” rating given on Monday, August 10 by Deutsche Bank. DA Davidson maintained it with “Neutral” rating and $235 target price in Tuesday, August 11 report. RBC Capital Markets downgraded Precision Castparts Corp. (NYSE:PCP) on Monday, September 21 to “Sector Perform” rating. The stock of Precision Castparts Corp. (NYSE:PCP) earned “Neutral” rating by Citigroup on Wednesday, August 19. The firm earned “Neutral” rating on Tuesday, August 18 by UBS.

PCP Company Profile

Precision Castparts Corp., incorporated on October 25, 1956, is a maker of metal components and products. The Firm provides investment castings, forgings, fasteners/fastener systems and aerostructures for aerospace and power applications. The Firm has three business divisions: Investment Cast Products, Forged Products and Airframe Products. The Company’s Investment Cast Products segment makes investment castings and provides related investment casting materials and alloys, for aircraft engines, industrial gas turbine (IGT) engines, airframes, armaments, medical prostheses, unmanned aerial vehicles and other industrial applications. The Company’s Forged Products segment makes forged components from titanium and nickel alloys for the aerospace and power markets and makes nickel, titanium and cobalt alloys used to produce forged components for aerospace and non-aerospace markets, which include products for gas and oil, chemical processing and pollution control applications. The Company’s Airframe Products segment makes fasteners, fastener systems, fluid fittings, aerostructures and precision components, primarily for aerospace applications.

More notable recent Precision Castparts Corp. (NYSE:PCP) news were published by: Wsj.com which released: “Buffett’s Berkshire to Buy Precision Castparts for $32 Billion” on August 10, 2015, also Oregonlive.com with their article: “Precision Castparts’ $37 billion sale is final: It’s now in Warren Buffett’s hands” published on January 29, 2016, Fool.com published: “Why Shares of Precision Castparts Corp. Fell Apart Today” on January 16, 2015. More interesting news about Precision Castparts Corp. (NYSE:PCP) were released by: Forbes.com and their article: “Precision Castparts’ Mark Donegan: Growing Through Acquisitions” published on May 06, 2015 as well as Globenewswire.com‘s news article titled: “Precision Castparts Corp. Expands Its Machining Capabilities With the …” with publication date: July 27, 2015.

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By Peter Erickson


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