Ducommun Inc. (DCO) Sets New 12-Month High at $24.86
Ducommun Inc. (NYSE:DCO) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $24.86 and last traded at $24.50, with a volume of 91,212 shares trading hands. The stock had previously closed at $23.06.
A number of research analysts recently commented on DCO shares. B. Riley reaffirmed a “buy” rating and set a $26.75 price objective on shares of Ducommun in a research report on Saturday, May 14th. FBR & Co reaffirmed a “buy” rating on shares of Ducommun in a research report on Tuesday, May 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $25.00 price objective on shares of Ducommun in a research report on Sunday, August 7th. Finally, Zacks Investment Research raised shares of Ducommun from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ducommun currently has a consensus rating of “Buy” and a consensus price target of $23.63.
The company has a 50 day moving average of $20.97 and a 200-day moving average of $17.61. The firm’s market capitalization is $269.10 million.
Ducommun (NYSE:DCO) last issued its earnings results on Thursday, August 4th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. During the same period last year, the business posted $0.16 EPS. The business earned $133.40 million during the quarter, compared to the consensus estimate of $141.54 million. The firm’s revenue for the quarter was down 23.7% compared to the same quarter last year. On average, analysts predict that Ducommun Inc. will post $1.43 EPS for the current fiscal year.
In related news, VP James S. Heiser sold 2,329 shares of the stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $19.32, for a total value of $44,996.28. Following the sale, the vice president now directly owns 16,116 shares in the company, valued at approximately $311,361.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph C. Berenato sold 12,000 shares of the stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $19.29, for a total transaction of $231,480.00. Following the completion of the sale, the director now owns 9,384 shares in the company, valued at $181,017.36. The disclosure for this sale can be found here.
Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and 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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