DPC Holdings PLC (NYSE:DPC) Given Average Rating of “Moderate Buy” by Brokerages

DPC Holdings PLC (NYSE:DPC) has been given a consensus rating of “Moderate Buy” by the five analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $57.6250.

A number of brokerages have recently commented on DPC. Morgan Stanley lifted their price objective on DPC from $47.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 12th. Zacks Research upgraded DPC to a “hold” rating in a research report on Tuesday, July 21st. Rothschild & Co Redburn initiated coverage on DPC in a research report on Monday, July 20th. They set a “buy” rating and a $53.50 target price on the stock. Jefferies Financial Group began coverage on DPC in a research note on Monday, July 20th. They issued a “buy” rating and a $56.00 price target on the stock. Finally, Wall Street Zen upgraded DPC to a “hold” rating in a report on Saturday, July 4th.

DPC Trading Down 0.2%

Shares of DPC opened at $45.38 on Monday. DPC has a 1 year low of $42.50 and a 1 year high of $57.25. The firm’s 50 day moving average price is $48.60.

DPC (NYSE:DPC) last released its earnings results on Tuesday, August 11th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $268.70 million for the quarter. On average, equities analysts predict that DPC will post 0.45 EPS for the current year.

Insider Buying and Selling at DPC

In related news, Director Dirkson R. Charles bought 903,448 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average cost of $33.00 per share, with a total value of $29,813,784.00. Following the completion of the transaction, the director owned 903,448 shares of the company’s stock, valued at approximately $29,813,784. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael (Mike) Joseph Quinn bought 435,121 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was bought at an average price of $33.00 per share, with a total value of $14,358,993.00. Following the completion of the acquisition, the chief executive officer owned 435,121 shares of the company’s stock, valued at $14,358,993. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 2,297,621 shares of company stock worth $75,821,493.

Institutional Trading of DPC

Institutional investors have recently made changes to their positions in the stock. Irenic Capital Management LP acquired a new stake in shares of DPC during the 2nd quarter worth $41,201,000. SurgoCap Partners LP acquired a new position in DPC in the second quarter valued at $31,336,000. Wellington Management Group LLP acquired a new position in DPC in the second quarter valued at $4,402,000. Tribune Investment Group LP purchased a new stake in DPC during the second quarter valued at about $3,105,000. Finally, Readystate Asset Management LP purchased a new stake in DPC during the second quarter valued at about $245,000.

DPC Company Profile

DPC Holdings is a manufacturer of engineered engine products which include complex precision cast components and nickel- and cobalt-based superalloys primarily serving Aerospace and IGT end markets. DPC Holdings is based in United Kingdom.