Ducommun Incorporated (NYSE:DCO) VP James S. Heiser sold 1,858 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $29.10, for a total value of $54,067.80. Following the completion of the transaction, the vice president now directly owns 12,892 shares of the company’s stock, valued at $375,157.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Ducommun Incorporated (NYSE:DCO) traded down 0.76% during trading on Monday, hitting $28.67. The stock had a trading volume of 56,774 shares. The company has a market capitalization of $320.96 million, a P/E ratio of 12.80 and a beta of 1.09. Ducommun Incorporated has a 1-year low of $14.13 and a 1-year high of $33.65. The stock’s 50-day moving average price is $30.17 and its 200-day moving average price is $25.93.
Ducommun (NYSE:DCO) last issued its quarterly earnings data on Monday, March 6th. The company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.00. Ducommun had a negative net margin of 7.29% and a positive return on equity of 7.00%. The business earned $142.49 million during the quarter, compared to analyst estimates of $140.12 million. During the same period last year, the business posted ($5.74) earnings per share. Ducommun’s quarterly revenue was down 9.0% compared to the same quarter last year. Analysts expect that Ducommun Incorporated will post $1.46 earnings per share for the current year.
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A number of hedge funds have recently modified their holdings of DCO. Tocqueville Asset Management L.P. raised its position in Ducommun by 160.7% in the third quarter. Tocqueville Asset Management L.P. now owns 216,900 shares of the company’s stock valued at $4,954,000 after buying an additional 133,700 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Ducommun during the fourth quarter valued at about $2,652,000. Royal Bank of Canada raised its position in Ducommun by 8.2% in the second quarter. Royal Bank of Canada now owns 1,136,788 shares of the company’s stock valued at $22,486,000 after buying an additional 85,979 shares during the last quarter. AQR Capital Management LLC acquired a new position in Ducommun during the fourth quarter valued at about $1,809,000. Finally, Renaissance Technologies LLC raised its position in Ducommun by 13.8% in the fourth quarter. Renaissance Technologies LLC now owns 558,400 shares of the company’s stock valued at $14,273,000 after buying an additional 67,800 shares during the last quarter. Institutional investors and hedge funds own 79.96% of the company’s stock.
Several equities analysts have recently issued reports on the company. B. Riley reaffirmed a “neutral” rating and issued a $29.50 target price on shares of Ducommun in a report on Monday, March 6th. FBR & Co upped their target price on Ducommun from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, March 7th. Zacks Investment Research lowered Ducommun from a “buy” rating to a “hold” rating in a report on Tuesday, February 7th. TheStreet raised Ducommun from a “sell” rating to a “hold” rating in a report on Wednesday, November 30th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $28.00 target price on shares of Ducommun in a report on Thursday, January 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $29.30.
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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