Ducommun Incorporated Director Joseph Berenato Unloads 8,000 Shares (DCO)
Ducommun Incorporated (NYSE:DCO) Director Joseph Berenato sold 8,000 shares of Ducommun Incorporated stock on the open market in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $25.19, for a total transaction of $201,520.00. Following the transaction, the director now directly owns 48,533 shares of the company’s stock, valued at approximately $1,222,546. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on DCO shares. Analysts at Zacks downgraded shares of Ducommun Incorporated from an “outperform” rating to an “underperform” rating in a research note to investors on Friday. They now have a $23.60 price target on the stock. Separately, analysts at DA Davidson cut their price target on shares of Ducommun Incorporated from $29.00 to $27.00 in a research note to investors on Tuesday, October 29th. They now have a “neutral” rating on the stock. Finally, analysts at Canaccord Genuity initiated coverage on shares of Ducommun Incorporated in a research note to investors on Wednesday, October 9th. They set a “buy” rating and a $34.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $30.27.
Ducommun Incorporated (NYSE:DCO) traded up 0.36% on Monday, hitting $25.16. 59,846 shares of the company’s stock traded hands. Ducommun Incorporated has a 1-year low of $13.41 and a 1-year high of $30.98. The stock has a 50-day moving average of $28.15 and a 200-day moving average of $24.3. The company has a market cap of $271.2 million and a price-to-earnings ratio of 15.66.
Ducommun Incorporated (NYSE:DCO) last released its earnings data on Monday, October 28th. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.47 by $0.05. The company had revenue of $181.30 million for the quarter, compared to the consensus estimate of $186.90 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Analysts expect that Ducommun Incorporated will post $1.70 EPS for the current fiscal year.
Ducommun Incorporated (NYSE:DCO), through its subsidiaries, designs, engineers and manufactures aerostructure and electromechanical components and subassemblies, and provides engineering, technical and program management services for the aerospace industry.
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