Ducommun Inc. (DCO) Sees Strong Trading Volume
Shares of Ducommun Inc. (NYSE:DCO) saw strong trading volume on Monday . 96,949 shares were traded during trading, an increase of 31% from the previous session’s volume of 74,074 shares.The stock last traded at $21.54 and had previously closed at $21.73.
Several equities analysts have recently issued reports on the stock. B. Riley reaffirmed a “buy” rating and set a $26.75 price target on shares of Ducommun in a research note on Thursday, August 11th. Zacks Investment Research raised shares of Ducommun from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a research note on Monday, August 8th. Canaccord Genuity reissued a “buy” rating and set a $25.00 target price on shares of Ducommun in a research note on Sunday, August 7th. Finally, FBR & Co reissued 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 issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $23.63.
The company’s market capitalization is $244.87 million. The company has a 50 day moving average price of $22.21 and a 200-day moving average price of $18.54.
Ducommun (NYSE:DCO) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.06. Ducommun had a negative net margin of 9.38% and a positive return on equity of 3.45%. The business earned $133.40 million during the quarter, compared to analysts’ expectations of $141.54 million. During the same quarter in the previous year, the company earned $0.16 EPS. The business’s quarterly revenue was down 23.7% compared to the same quarter last year. On average, equities analysts predict that Ducommun Inc. will post $1.43 EPS for the current fiscal year.
In other Ducommun news, VP Rose F. Rogers sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $24.29, for a total value of $121,450.00. Following the completion of the transaction, the vice president now owns 32,816 shares of the company’s stock, valued at approximately $797,100.64. The transaction was disclosed in a filing with the SEC, which is available through this link. 9.10% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in DCO. Nationwide Fund Advisors boosted its stake in shares of Ducommun by 106.3% in the second quarter. Nationwide Fund Advisors now owns 20,315 shares of the company’s stock worth $402,000 after buying an additional 10,469 shares during the period. Royce & Associates LP boosted its stake in shares of Ducommun by 14.5% in the second quarter. Royce & Associates LP now owns 134,213 shares of the company’s stock worth $2,655,000 after buying an additional 17,013 shares during the period. California Public Employees Retirement System boosted its stake in shares of Ducommun by 15.7% in the second quarter. California Public Employees Retirement System now owns 53,800 shares of the company’s stock worth $1,064,000 after buying an additional 7,300 shares during the period. Emerald Acquisition Ltd. acquired a new stake in shares of Ducommun during the second quarter worth about $2,839,000. Finally, Tocqueville Asset Management L.P. acquired a new stake in shares of Ducommun during the second quarter worth about $1,646,000. 79.41% of the stock is owned by institutional investors and hedge funds.
Ducommun Company Profile
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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