Ducommun Inc. (DCO) Sees Unusually-High Trading Volume
Ducommun Inc. (NYSE:DCO) saw unusually-high trading volume on Tuesday . Approximately 201,322 shares changed hands during trading, an increase of 267% from the previous session’s volume of 54,812 shares.The stock last traded at $22.30 and had previously closed at $20.51.
DCO has been the topic of a number of research reports. B. Riley reissued a “buy” rating and set a $26.75 price objective on shares of Ducommun in a report on Saturday, May 14th. Zacks Investment Research upgraded Ducommun from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 17th. FBR & Co restated a “buy” rating on shares of Ducommun in a research report on Tuesday, May 10th. Noble Financial upgraded Ducommun from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Friday, April 15th. Finally, Canaccord Genuity restated a “buy” rating and set a $25.00 price target on shares of Ducommun in a research report on Sunday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $23.63.
The firm’s market cap is $255.87 million. The firm has a 50 day moving average price of $19.81 and a 200 day moving average price of $16.73.
Ducommun (NYSE:DCO) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. During the same period last year, the company earned $0.16 EPS. The business earned $133.40 million during the quarter, compared to the consensus estimate of $141.54 million. The business’s revenue was down 23.7% on a year-over-year basis. Equities research analysts anticipate that Ducommun Inc. will post $1.40 earnings per share for the current year.
In related news, Director Joseph C. Berenato sold 12,000 shares of the business’s stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $19.29, for a total value of $231,480.00. Following the sale, the director now directly owns 9,384 shares in the company, valued at $181,017.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP James S. Heiser sold 2,329 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $19.32, for a total value of $44,996.28. Following the completion of the sale, the vice president now owns 16,116 shares in the company, valued at $311,361.12. The disclosure for this sale can be found here.
Other large investors have recently bought and sold shares of the company. Boston Partners purchased a new stake in Ducommun during the fourth quarter worth approximately $1,580,000. Systematic Financial Management LP increased its stake in Ducommun by 13.2% in the fourth quarter. Systematic Financial Management LP now owns 79,590 shares of the company’s stock worth $1,290,000 after buying an additional 9,290 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY increased its stake in Ducommun by 59.9% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 725,600 shares of the company’s stock worth $11,770,000 after buying an additional 271,700 shares in the last quarter.
Ducommun Incorporated is a global provider of engineering and manufacturing services. The Company offers a range of products and applications used in the aerospace, defense, industrial, natural resources, medical and other industries. It 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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