The stock of Ducommun Incorporated (NYSE:DCO) hit a new 52-week high and has $30.27 target or 5.00% above today’s $28.83 share price. The 6 months bullish chart indicates low risk for the $322.59M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $30.27 price target is reached, the company will be worth $16.13 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 42,228 shares traded hands. Ducommun Incorporated (NYSE:DCO) has risen 75.97% since April 25, 2016 and is uptrending. It has outperformed by 69.95% the S&P500.
Analysts await Ducommun Incorporated (NYSE:DCO) to report earnings on March, 13. They expect $0.44 earnings per share, up 25.71% or $0.09 from last year’s $0.35 per share. DCO’s profit will be $4.92M for 16.38 P/E if the $0.44 EPS becomes a reality. After $0.44 actual earnings per share reported by Ducommun Incorporated for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Ducommun Incorporated (NYSE:DCO) Ratings Coverage
Out of 3 analysts covering Ducommun (NYSE:DCO), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Ducommun has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Monday, September 14 by DA Davidson. FBR Capital maintained Ducommun Incorporated (NYSE:DCO) rating on Thursday, November 5. FBR Capital has “Outperform” rating and $28 price target. The stock has “Buy” rating given by Canaccord Genuity on Friday, June 10.
According to Zacks Investment Research, “Ducommun Incorporated manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Ducommun is a subcontractor to Lockheed Martin on the Space Shuttle external tank and a supplier of components for the Space Shuttle, as well as for the International Space Station.”
Insitutional Activity: The institutional sentiment increased to 1.39 in 2016 Q2. Its up 0.57, from 0.82 in 2016Q1. The ratio improved, as 10 funds sold all Ducommun Incorporated shares owned while 34 reduced positions. 16 funds bought stakes while 20 increased positions. They now own 8.46 million shares or 1.04% more from 8.38 million shares in 2016Q1.
Blackrock Advisors Llc last reported 33,713 shares in the company. Bank Of New York Mellon last reported 0% of its portfolio in the stock. Deutsche Fincl Bank Ag holds 18,612 shares or 0% of its portfolio. The California-based Wells Fargo Co Mn has invested 0% in Ducommun Incorporated (NYSE:DCO). Clarivest Asset Mgmt Ltd Liability, a California-based fund reported 85,071 shares. Vanguard Gru has invested 0% of its portfolio in Ducommun Incorporated (NYSE:DCO). Blackrock Fund Advsrs holds 0% of its portfolio in Ducommun Incorporated (NYSE:DCO) for 268,535 shares. The New York-based Gabelli Funds Limited Com has invested 0.01% in Ducommun Incorporated (NYSE:DCO). Plante Moran Fincl Advsr Limited Company accumulated 1,050 shares or 0.02% of the stock. The New York-based Teachers Advsr Incorporated has invested 0% in Ducommun Incorporated (NYSE:DCO). Barclays Public Ltd Com holds 0% or 55 shares in its portfolio. Creative Planning has invested 0% of its portfolio in Ducommun Incorporated (NYSE:DCO). Metropolitan Life Insur Ny, a New York-based fund reported 8,824 shares. Thompson Davis And has 250 shares for 0.01% of their US portfolio. Tfs Ltd accumulated 30,522 shares or 0.11% of the stock.
Insider Transactions: Since June 13, 2016, the stock had 0 insider buys, and 8 sales for $573,193 net activity. 962 Ducommun Incorporated (NYSE:DCO) shares with value of $21,568 were sold by HEISER JAMES S. The insider Wampler Christopher D. sold 1,100 shares worth $24,673. BERENATO JOSEPH C sold $45,359 worth of stock or 1,790 shares. On Friday, September 2 the insider Rogers Rose F sold $121,450.
More news for Ducommun Incorporated (NYSE:DCO) were recently published by: Businesswire.com, which released: “President and COO Joel H. Benkie to Retire from Ducommun Incorporated” on March 01, 2016. Businesswire.com‘s article titled: “LaBarge Announces Completion of Acquisition by Ducommun Incorporated” and published on June 28, 2011 is yet another important article.
DCO Company Profile
Ducommun Incorporated, incorporated on April 10, 1970, is a global well-known 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 Firm is a solution provider, offering a range of value-added services and products in its primary businesses of electronics, structures and integrated solutions. The Firm operates through two divisions: Electronic Systems (ES) and Structural Systems (SS).
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