Anthony J. Reardon Sells 30,000 Shares of Ducommun Incorporated (DCO) Stock
Ducommun Incorporated (NYSE:DCO) Director Anthony J. Reardon sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $26.04, for a total value of $781,200.00. Following the completion of the transaction, the director now owns 82,603 shares of the company’s stock, valued at $2,150,982.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Ducommun Incorporated (DCO) traded down $0.16 during trading on Friday, reaching $26.34. The company’s stock had a trading volume of 63,970 shares, compared to its average volume of 74,762. The company has a quick ratio of 1.06, a current ratio of 2.46 and a debt-to-equity ratio of 0.99. Ducommun Incorporated has a 1 year low of $24.23 and a 1 year high of $35.58. The firm has a market capitalization of $300.20, a price-to-earnings ratio of 18.99 and a beta of 0.87.
Ducommun (NYSE:DCO) last released its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. Ducommun had a return on equity of 8.42% and a net margin of 3.36%. The firm had revenue of $138.70 million during the quarter, compared to analyst estimates of $143.72 million. During the same period in the prior year, the company posted $0.44 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. sell-side analysts forecast that Ducommun Incorporated will post 0.59 EPS for the current fiscal year.
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Large investors have recently made changes to their positions in the company. Tocqueville Asset Management L.P. increased its stake in shares of Ducommun by 5.1% in the third quarter. Tocqueville Asset Management L.P. now owns 206,300 shares of the aerospace company’s stock valued at $6,612,000 after buying an additional 10,000 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Ducommun in the second quarter valued at $496,000. AQR Capital Management LLC increased its stake in shares of Ducommun by 122.9% in the first quarter. AQR Capital Management LLC now owns 157,807 shares of the aerospace company’s stock valued at $4,543,000 after buying an additional 87,019 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Ducommun by 4.2% in the second quarter. Royal Bank of Canada now owns 1,460,820 shares of the aerospace company’s stock valued at $46,133,000 after buying an additional 58,559 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Ducommun by 7.0% in the first quarter. Vanguard Group Inc. now owns 441,569 shares of the aerospace company’s stock valued at $12,712,000 after buying an additional 29,007 shares in the last quarter. Institutional investors own 81.07% of the company’s stock.
Several research analysts have issued reports on the company. ValuEngine lowered Ducommun from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Zacks Investment Research upgraded Ducommun from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a research note on Friday, August 4th. B. Riley set a $40.00 price objective on Ducommun and gave the stock a “buy” rating in a research note on Monday, October 30th. Canaccord Genuity increased their price objective on Ducommun from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Noble Financial reiterated a “hold” rating on shares of Ducommun in a research note on Friday, August 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $36.80.
Ducommun Company Profile
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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