News stories about Ducommun (NYSE:DCO) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ducommun earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news coverage about the aerospace company an impact score of 45.5564170020502 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Danaher Corporation (NYSE:DHR) Traded Above Its 50 Day Moving Average (iphonefresh.com)
- Ducommun Incorporated (DCO) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Ducommun Incorporated (DCO) Raised to “Buy” at ValuEngine (americanbankingnews.com)
- Ducommun Closes on Strategic Acquisition (finance.yahoo.com)
Several brokerages have recently weighed in on DCO. Canaccord Genuity reissued a “buy” rating and issued a $36.00 price objective on shares of Ducommun in a research report on Tuesday. ValuEngine raised shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Monday. Zacks Investment Research lowered shares of Ducommun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. B. Riley reissued a “buy” rating and issued a $40.00 price objective on shares of Ducommun in a research report on Sunday, August 6th. Finally, Noble Financial reissued a “hold” rating on shares of Ducommun in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Ducommun has an average rating of “Hold” and a consensus target price of $36.25.
Ducommun (DCO) traded up 1.15% during trading on Friday, reaching $29.00. 30,358 shares of the company were exchanged. The firm’s 50 day moving average price is $28.35 and its 200-day moving average price is $30.16. Ducommun has a one year low of $18.70 and a one year high of $35.58. The stock has a market capitalization of $328.25 million, a price-to-earnings ratio of 24.13 and a beta of 0.80.
Ducommun (NYSE:DCO) last released its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The business had revenue of $140.90 million for the quarter, compared to the consensus estimate of $138.39 million. Ducommun had a net margin of 2.50% and a return on equity of 7.49%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, equities research analysts predict that Ducommun will post $1.32 earnings per share for the current year.
In other Ducommun news, CEO Stephen G. Oswald acquired 10,000 shares of the company’s stock in a transaction on Thursday, June 29th. The shares were acquired at an average cost of $28.56 per share, with a total value of $285,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 55,700 shares in the company, valued at $1,590,792. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anthony J. Reardon sold 3,300 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $27.59, for a total transaction of $91,047.00. Following the sale, the director now directly owns 127,724 shares in the company, valued at $3,523,905.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,223 shares of company stock worth $704,150. Insiders own 8.20% of the company’s stock.
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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