Insider Selling: Joseph C. Berenato Sells 1,000 Shares of Ducommun Stock (DCO)
Ducommun (NYSE:DCO) Director Joseph C. Berenato sold 1,000 shares of the company’s stock on the open market in a transaction dated Friday, June 27th. The stock was sold at an average price of $25.37, for a total value of $25,370.00. Following the transaction, the director now directly owns 15,793 shares in the company, valued at approximately $400,668. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Ducommun (NYSE:DCO) opened at 26.13 on Tuesday. Ducommun has a 1-year low of $20.40 and a 1-year high of $31.35. The stock’s 50-day moving average is $25.28 and its 200-day moving average is $26.16. The company has a market cap of $283.7 million and a P/E ratio of 28.07.
Ducommun (NYSE:DCO) last released its earnings data on Monday, April 28th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.10. The company had revenue of $179.80 million for the quarter, compared to the consensus estimate of $179.61 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts expect that Ducommun will post $1.65 EPS for the current fiscal year.
A number of research firms have recently commented on DCO. Analysts at Topeka Capital Markets initiated coverage on shares of Ducommun in a research note on Tuesday, June 24th. They set a “hold” rating and a $27.00 price target on the stock. Analysts at DA Davidson raised their price target on shares of Ducommun from $25.00 to $28.00 in a research note on Tuesday, April 29th. They now have a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $31.36.
Ducommun Incorporated (NYSE:DCO) provides engineering and manufacturing services primarily in the aerospace, defense, industrial, energy, and medical industries.
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