Ducommun Incorporated (NYSE:DCO) Director Anthony J. Reardon sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $30.83, for a total value of $616,600.00. Following the sale, the director now owns 42,052 shares of the company’s stock, valued at approximately $1,296,463.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NYSE:DCO opened at $29.48 on Friday. The company has a current ratio of 2.75, a quick ratio of 1.23 and a debt-to-equity ratio of 0.92. Ducommun Incorporated has a one year low of $25.06 and a one year high of $35.58. The stock has a market cap of $340.90, a P/E ratio of 22.60 and a beta of 0.65.
Ducommun (NYSE:DCO) last posted its quarterly earnings data on Wednesday, February 28th. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.75. The company had revenue of $142.26 million for the quarter, compared to the consensus estimate of $145.23 million. Ducommun had a return on equity of 6.82% and a net margin of 3.60%. Ducommun’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 EPS. equities analysts forecast that Ducommun Incorporated will post 1.65 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Ducommun by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 457,773 shares of the aerospace company’s stock valued at $14,456,000 after purchasing an additional 16,204 shares during the period. State Street Corp boosted its position in Ducommun by 9.3% during the 2nd quarter. State Street Corp now owns 191,241 shares of the aerospace company’s stock valued at $6,039,000 after purchasing an additional 16,194 shares during the period. The Manufacturers Life Insurance Company boosted its position in Ducommun by 6.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,385 shares of the aerospace company’s stock valued at $265,000 after purchasing an additional 502 shares during the period. Nationwide Fund Advisors boosted its position in Ducommun by 6.4% during the 3rd quarter. Nationwide Fund Advisors now owns 34,991 shares of the aerospace company’s stock valued at $1,121,000 after purchasing an additional 2,102 shares during the period. Finally, First Trust Advisors LP acquired a new position in Ducommun during the 3rd quarter valued at approximately $261,000. Institutional investors own 82.48% of the company’s stock.
Several research firms have issued reports on DCO. ValuEngine upgraded Ducommun from a “hold” rating to a “buy” rating in a research report on Wednesday, March 28th. Canaccord Genuity decreased their price objective on Ducommun from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, March 1st. Noble Financial reaffirmed a “hold” rating on shares of Ducommun in a research note on Friday, March 2nd. Zacks Investment Research raised Ducommun from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, B. Riley decreased their price target on Ducommun from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Ducommun currently has a consensus rating of “Hold” and an average price target of $36.25.
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Ducommun Company Profile
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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