Ducommun Inc. (DCO) Shares Down 0.7%
Ducommun Inc. (NYSE:DCO)’s share price fell 0.7% during mid-day trading on Monday . The company traded as low as $22.71 and last traded at $22.87, with a volume of 75,045 shares changing hands. The stock had previously closed at $23.04.
A number of research firms recently issued reports on DCO. B. Riley restated a “buy” rating and set a $26.75 price objective on shares of Ducommun in a report on Thursday, August 11th. Canaccord Genuity restated a “buy” rating and set a $25.00 price objective on shares of Ducommun in a report on Sunday, August 7th. FBR & Co restated a “buy” rating on shares of Ducommun in a report on Friday, August 5th. Finally, Zacks Investment Research raised Ducommun from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a research report on Monday, August 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Ducommun presently has a consensus rating of “Buy” and a consensus target price of $23.63.
The company’s market capitalization is $257.49 million. The company has a 50-day moving average of $20.97 and a 200-day moving average of $17.61.
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 the Zacks’ consensus estimate of $0.28 by $0.06. During the same quarter in the prior year, the business earned $0.16 earnings per share. The business earned $133.40 million during the quarter, compared to analyst estimates of $141.54 million. The firm’s quarterly revenue was down 23.7% on a year-over-year basis. On average, equities research analysts anticipate that Ducommun Inc. will post $1.43 earnings per share for the current year.
In other news, VP James S. Heiser sold 2,329 shares of Ducommun stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $19.32, for a total transaction of $44,996.28. Following the sale, the vice president now owns 16,116 shares in the company, valued at $311,361.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph C. Berenato sold 12,000 shares of Ducommun 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 owns 9,384 shares in the company, valued at approximately $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.