Ducommun Inc. (DCO) Sees Strong Trading Volume
Ducommun Inc. (NYSE:DCO) shares saw unusually-high trading volume on Tuesday . Approximately 201,322 shares were traded 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 recent analyst reports. B. Riley restated a “buy” rating and issued a $26.75 price target on shares of Ducommun in a research report on Thursday. Zacks Investment Research upgraded shares of 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 shares of 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 issued a $25.00 price target on shares of Ducommun in a research report on Sunday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $23.63.
The stock has a 50-day moving average price of $19.88 and a 200 day moving average price of $16.77. The company’s market cap is $255.92 million.
Ducommun (NYSE:DCO) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. During the same quarter in the previous year, the business posted $0.16 earnings per share. The company earned $133.40 million during the quarter, compared to analyst estimates of $141.54 million. The company’s revenue for the quarter was down 23.7% on a year-over-year basis. Equities research analysts anticipate that Ducommun Inc. will post $1.40 EPS for the current fiscal year.
In other news, Director Joseph C. Berenato sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 14th. The shares were 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 approximately $181,017.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP James S. Heiser sold 2,329 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $19.32, for a total transaction 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.
A hedge fund recently raised its stake in Ducommun stock. Paradigm Capital Management Inc. NY raised its stake in Ducommun Inc. (NYSE:DCO) by 59.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 725,600 shares of the company’s stock after buying an additional 271,700 shares during the period. Ducommun accounts for approximately 1.3% of Paradigm Capital Management Inc. NY’s holdings, making the stock its 26th largest position. Paradigm Capital Management Inc. NY owned approximately 6.55% of Ducommun worth $11,770,000 as of its most recent SEC filing.
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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