Ducommun Inc. (DCO) Hits New 52-Week High at $24.86
Ducommun Inc. (NYSE:DCO)’s share price hit a new 52-week high on Tuesday . The company traded as high as $24.86 and last traded at $24.50, with a volume of 91,212 shares. The stock had previously closed at $23.06.
A number of brokerages have recently weighed in on DCO. B. Riley restated a “buy” rating and issued a $26.75 target price on shares of Ducommun in a research note on Thursday, August 11th. Zacks Investment Research upgraded Ducommun from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a research note on Monday, August 8th. Canaccord Genuity reiterated a “buy” rating and issued a $25.00 price objective on shares of Ducommun in a research note on Sunday, August 7th. Finally, FBR & Co reiterated a “buy” rating on shares of Ducommun in a research note on Friday, August 5th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $23.63.
The stock’s market cap is $265.08 million. The company’s 50-day moving average is $21.15 and its 200-day moving average is $17.74.
Ducommun (NYSE:DCO) last announced its 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. The business had revenue of $133.40 million for the quarter, compared to the consensus estimate of $141.54 million. Ducommun’s revenue for the quarter was down 23.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 EPS. Analysts expect that Ducommun Inc. will post $1.43 EPS for the current year.
In other Ducommun news, 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 transaction, the vice president now owns 16,116 shares of the company’s stock, valued at $311,361.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $231,480.00. Following the transaction, the director now directly owns 9,384 shares of the company’s stock, 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.
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