Ducommun Incorporated (DCO) CEO Stephen G. Oswald Buys 10,000 Shares
Ducommun Incorporated (NYSE:DCO) CEO Stephen G. Oswald purchased 10,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was acquired at an average cost of $27.39 per share, with a total value of $273,900.00. Following the purchase, the chief executive officer now owns 65,700 shares of the company’s stock, valued at approximately $1,799,523. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Ducommun Incorporated (NYSE:DCO) traded down $0.37 during mid-day trading on Tuesday, reaching $29.01. The company had a trading volume of 174,020 shares, compared to its average volume of 49,567. Ducommun Incorporated has a fifty-two week low of $21.51 and a fifty-two week high of $35.58. The company has a market capitalization of $328.63, a PE ratio of 21.25 and a beta of 0.87. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.46 and a quick ratio of 1.06.
Ducommun (NYSE:DCO) last announced its earnings results on Wednesday, November 1st. The aerospace company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.03. Ducommun had a return on equity of 7.20% and a net margin of 2.40%. The business had revenue of $138.70 million during the quarter, compared to analysts’ expectations of $143.72 million. During the same quarter last year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. sell-side analysts expect that Ducommun Incorporated will post 1.2 EPS for the current year.
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A number of hedge funds have recently made changes to their positions in DCO. Paradigm Capital Management Inc. NY boosted its stake in Ducommun by 33.9% during the second quarter. Paradigm Capital Management Inc. NY now owns 604,695 shares of the aerospace company’s stock valued at $19,097,000 after buying an additional 153,095 shares in the last quarter. AQR Capital Management LLC boosted its stake in Ducommun by 122.9% during the first quarter. AQR Capital Management LLC now owns 157,807 shares of the aerospace company’s stock valued at $4,543,000 after buying an additional 87,019 shares in the last quarter. Foundry Partners LLC boosted its stake in Ducommun by 60.1% during the third quarter. Foundry Partners LLC now owns 208,220 shares of the aerospace company’s stock valued at $6,673,000 after buying an additional 78,175 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Ducommun by 12.1% during the second quarter. Renaissance Technologies LLC now owns 597,500 shares of the aerospace company’s stock valued at $18,869,000 after buying an additional 64,400 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Ducommun by 4.2% during the second quarter. Royal Bank of Canada now owns 1,460,820 shares of the aerospace company’s stock valued at $46,133,000 after buying an additional 58,559 shares in the last quarter. 80.90% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $40.00 price target on shares of Ducommun in a research note on Tuesday, August 1st. TheStreet raised Ducommun from a “c” rating to a “b-” rating in a research note on Thursday, November 2nd. Canaccord Genuity increased their price target on Ducommun from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Noble Financial reissued a “hold” rating on shares of Ducommun in a research note on Friday. Finally, ValuEngine cut Ducommun from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $36.75.
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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