Ducommun Incorporated (DCO) Director Anthony J. Reardon Sells 3,300 Shares of Stock
Ducommun Incorporated (NYSE:DCO) Director Anthony J. Reardon sold 3,300 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $27.59, for a total transaction of $91,047.00. Following the completion of the sale, the director now directly owns 127,724 shares of the company’s stock, valued at $3,523,905.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Ducommun Incorporated (NYSE DCO) traded up 0.08% during trading on Friday, reaching $26.26. 49,571 shares of the company’s stock were exchanged. Ducommun Incorporated has a 12-month low of $18.70 and a 12-month high of $35.58. The company has a market capitalization of $297.24 million, a P/E ratio of 21.85 and a beta of 0.90. The stock has a 50-day moving average price of $30.08 and a 200 day moving average price of $30.46.
Ducommun (NYSE:DCO) last issued its earnings results on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. Ducommun had a return on equity of 7.49% and a net margin of 2.50%. The company had revenue of $140.90 million during the quarter, compared to the consensus estimate of $138.39 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. The company’s revenue was up 5.6% compared to the same quarter last year. Equities analysts expect that Ducommun Incorporated will post $1.26 EPS for the current fiscal year.
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A number of analysts recently weighed in on DCO shares. BidaskClub lowered shares of Ducommun from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Noble Financial reaffirmed a “hold” rating on shares of Ducommun in a research note on Saturday, May 6th. Zacks Investment Research lowered shares of Ducommun from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Canaccord Genuity reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Ducommun in a research note on Thursday, June 22nd. Finally, B. Riley raised shares of Ducommun from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Friday, May 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $36.25.
A number of hedge funds and other institutional investors have recently modified their holdings of DCO. State Street Corp increased its position in shares of Ducommun by 2.5% in the fourth quarter. State Street Corp now owns 182,289 shares of the aerospace company’s stock worth $4,659,000 after buying an additional 4,489 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Ducommun by 25.0% in the fourth quarter. Teachers Advisors LLC now owns 19,804 shares of the aerospace company’s stock worth $506,000 after buying an additional 3,956 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Ducommun by 39.6% in the first quarter. Wells Fargo & Company MN now owns 73,453 shares of the aerospace company’s stock worth $2,115,000 after buying an additional 20,854 shares in the last quarter. Bowling Portfolio Management LLC acquired a new position in shares of Ducommun during the first quarter worth approximately $855,000. Finally, LSV Asset Management increased its position in shares of Ducommun by 7.9% in the first quarter. LSV Asset Management now owns 292,312 shares of the aerospace company’s stock worth $8,415,000 after buying an additional 21,425 shares in the last quarter. 79.87% of the stock is owned by hedge funds and other institutional investors.
Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions.
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