Ducommun Incorporated (NYSE:DCO) Director Anthony J. Reardon sold 3,701 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $27.68, for a total value of $102,443.68. Following the completion of the sale, the director now owns 123,523 shares of the company’s stock, valued at approximately $3,419,116.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Ducommun Incorporated (NYSE:DCO) opened at 28.99 on Friday. The firm has a market capitalization of $328.14 million, a price-to-earnings ratio of 24.12 and a beta of 0.80. The firm has a 50-day moving average price of $28.33 and a 200 day moving average price of $30.15. Ducommun Incorporated has a 12 month low of $18.70 and a 12 month high of $35.58.
Ducommun (NYSE:DCO) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $140.90 million for the quarter, compared to the consensus estimate of $138.39 million. During the same quarter last year, the business posted $0.34 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities analysts forecast that Ducommun Incorporated will post $1.32 EPS for the current year.
Several analysts have recently weighed in on the company. Noble Financial restated a “hold” rating on shares of Ducommun in a report on Saturday, May 20th. Zacks Investment Research raised Ducommun from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a research report on Friday, August 4th. B. Riley reaffirmed a “buy” rating and set a $40.00 target price on shares of Ducommun in a research report on Tuesday, August 1st. Canaccord Genuity boosted their target price on Ducommun from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, ValuEngine raised 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 given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $36.25.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in shares of Ducommun by 4.2% in the 2nd quarter. Royal Bank of Canada now owns 1,460,820 shares of the aerospace company’s stock valued at $46,133,000 after purchasing an additional 58,559 shares during the period. Paradigm Capital Management Inc. NY increased its position in shares of Ducommun by 33.9% in the second quarter. Paradigm Capital Management Inc. NY now owns 604,695 shares of the aerospace company’s stock valued at $19,097,000 after acquiring an additional 153,095 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Ducommun by 12.1% in the second quarter. Renaissance Technologies LLC now owns 597,500 shares of the aerospace company’s stock valued at $18,869,000 after acquiring an additional 64,400 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Ducommun by 3.7% in the second quarter. Vanguard Group Inc. now owns 457,773 shares of the aerospace company’s stock valued at $14,456,000 after acquiring an additional 16,204 shares during the last quarter. 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 valued at $8,415,000 after acquiring an additional 21,425 shares during the last quarter. 81.16% of the stock is currently owned by hedge funds and other institutional investors.
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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