Ducommun Incorporated (DCO) Director Anthony J. Reardon Sells 3,701 Shares

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.

TRADEMARK VIOLATION NOTICE: “Ducommun Incorporated (DCO) Director Anthony J. Reardon Sells 3,701 Shares” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://ledgergazette.com/2017/09/17/ducommun-incorporated-dco-director-anthony-j-reardon-sells-3701-shares-of-stock.html.

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.

Insider Buying and Selling by Quarter for Ducommun (NYSE:DCO)

Receive News & Ratings for Ducommun Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ducommun Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply