Ducommun Incorporated (DCO) Director Anthony J. Reardon Sells 11,908 Shares
Ducommun Incorporated (NYSE:DCO) Director Anthony J. Reardon sold 11,908 shares of Ducommun stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $30.11, for a total transaction of $358,549.88. Following the completion of the transaction, the director now directly owns 103,546 shares in the company, valued at $3,117,770.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Ducommun Incorporated (NYSE:DCO) traded up 1.22% during mid-day trading on Thursday, hitting $30.61. 45,773 shares of the company traded hands. Ducommun Incorporated has a one year low of $18.70 and a one year high of $35.58. The company has a market capitalization of $346.47 million, a price-to-earnings ratio of 25.47 and a beta of 0.80. The company’s 50-day moving average price is $28.34 and its 200 day moving average price is $30.12.
Ducommun (NYSE:DCO) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Ducommun had a return on equity of 7.49% and a net margin of 2.50%. The business had revenue of $140.90 million during the quarter, compared to analysts’ expectations of $138.39 million. During the same period in the prior year, the business earned $0.34 EPS. Ducommun’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts anticipate that Ducommun Incorporated will post $1.32 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in Ducommun by 4.2% during the 2nd quarter. Royal Bank of Canada now owns 1,460,820 shares of the aerospace company’s stock worth $46,133,000 after purchasing an additional 58,559 shares in the last quarter. Paradigm Capital Management Inc. NY increased its stake in Ducommun by 33.9% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 604,695 shares of the aerospace company’s stock worth $19,097,000 after purchasing an additional 153,095 shares in the last quarter. Renaissance Technologies LLC increased its stake in Ducommun by 12.1% during the 2nd quarter. Renaissance Technologies LLC now owns 597,500 shares of the aerospace company’s stock worth $18,869,000 after purchasing an additional 64,400 shares in the last quarter. Vanguard Group Inc. increased its stake in Ducommun by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 457,773 shares of the aerospace company’s stock worth $14,456,000 after purchasing an additional 16,204 shares in the last quarter. Finally, State Street Corp increased its stake in Ducommun by 9.3% during the 2nd quarter. State Street Corp now owns 191,241 shares of the aerospace company’s stock worth $6,039,000 after purchasing an additional 16,194 shares in the last quarter. 79.75% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on the stock. B. Riley reissued a “buy” rating and issued a $40.00 target price on shares of Ducommun in a research report on Tuesday, August 1st. Canaccord Genuity reissued a “buy” rating and issued a $36.00 target price on shares of Ducommun in a research report on Tuesday, September 12th. Zacks Investment Research downgraded shares of Ducommun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Noble Financial reissued a “hold” rating on shares of Ducommun in a research report on Friday, August 4th. Finally, ValuEngine raised shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $36.25.
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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