Ducommun Inc. (DCO) Trading 4.6% Higher
Shares of Ducommun Inc. (NYSE:DCO) traded up 4.6% during trading on Friday . The stock traded as high as $24.44 and last traded at $24.41, with a volume of 58,557 shares trading hands. The stock had previously closed at $23.33.
Several analysts have recently commented on the stock. B. Riley restated a “buy” rating and set a $26.75 price objective on shares of Ducommun in a research report on Monday, August 1st. FBR & Co restated a “buy” rating on shares of Ducommun in a research report on Friday, August 5th. Canaccord Genuity reiterated a “buy” rating and issued a $25.00 price target on shares of Ducommun in a report on Sunday, August 7th. Finally, Zacks Investment Research upgraded shares of Ducommun from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 17th. One research 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. Ducommun has a consensus rating of “Buy” and a consensus price target of $23.63.
The firm’s market cap is $272.56 million. The firm has a 50 day moving average price of $21.43 and a 200-day moving average price of $17.82.
Ducommun (NYSE:DCO) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.28 by $0.06. The business earned $133.40 million during the quarter, compared to analysts’ expectations of $141.54 million. During the same period last year, the company earned $0.16 earnings per share. The firm’s revenue was down 23.7% on a year-over-year basis. Analysts anticipate that Ducommun Inc. will post $1.43 earnings per share for the current year.
In other news, Director Joseph C. Berenato sold 12,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $181,017.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP James S. Heiser sold 2,329 shares of the company’s stock in a transaction 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 directly owns 16,116 shares in the company, valued at $311,361.12. 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.