Ducommun Incorporated (DCO) Director Anthony J. Reardon Sells 30,000 Shares
Ducommun Incorporated (NYSE:DCO) Director Anthony J. Reardon sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $26.04, for a total transaction of $781,200.00. Following the completion of the sale, the director now directly owns 82,603 shares in the company, valued at $2,150,982.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Ducommun Incorporated (NYSE DCO) traded down $0.16 during mid-day trading on Friday, hitting $26.34. 63,970 shares of the company were exchanged, compared to its average volume of 74,762. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.06 and a current ratio of 2.46. Ducommun Incorporated has a 1-year low of $24.23 and a 1-year high of $35.58. The firm has a market cap of $300.20, a PE ratio of 18.99 and a beta of 0.87.
Ducommun (NYSE:DCO) last released its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. Ducommun had a net margin of 3.36% and a return on equity of 8.42%. The business had revenue of $138.70 million for the quarter, compared to analysts’ expectations of $143.72 million. During the same quarter last year, the company earned $0.44 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. analysts expect that Ducommun Incorporated will post 0.59 earnings per share for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in shares of Ducommun by 4.2% in the 2nd quarter. Royal Bank of Canada now owns 1,460,820 shares of the aerospace company’s stock worth $46,133,000 after acquiring an additional 58,559 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Ducommun by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 950,845 shares of the aerospace company’s stock worth $30,475,000 after acquiring an additional 6,052 shares during the period. Paradigm Capital Management Inc. NY increased its holdings in shares of Ducommun by 4.7% in the 3rd quarter. Paradigm Capital Management Inc. NY now owns 633,095 shares of the aerospace company’s stock worth $20,291,000 after acquiring an additional 28,400 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Ducommun by 12.1% in the 2nd quarter. Renaissance Technologies LLC now owns 597,500 shares of the aerospace company’s stock worth $18,869,000 after acquiring an additional 64,400 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Ducommun by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 457,773 shares of the aerospace company’s stock worth $14,456,000 after acquiring an additional 16,204 shares during the period. 81.07% of the stock is currently owned by institutional investors and hedge funds.
DCO has been the topic of several recent analyst reports. TheStreet raised shares of Ducommun from a “c” rating to a “b-” rating in a report on Thursday, November 2nd. B. Riley set a $40.00 price target on shares of Ducommun and gave the company a “buy” rating in a report on Monday, October 30th. Canaccord Genuity reaffirmed a “buy” rating and issued a $36.00 price target on shares of Ducommun in a report on Tuesday, September 12th. ValuEngine raised shares of Ducommun from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Finally, Sidoti raised shares of Ducommun from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Monday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Ducommun has an average rating of “Hold” and an average price target of $36.80.
Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure 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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