The stock of Ducommun Incorporated (NYSE:DCO) hit a new 52-week high and has $29.81 target or 6.00% above today’s $28.12 share price. The 7 months bullish chart indicates low risk for the $320.12 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $29.81 price target is reached, the company will be worth $19.21M 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 19,859 shares traded hands. Ducommun Incorporated (NYSE:DCO) has risen 71.26% since April 21, 2016 and is uptrending. It has outperformed by 65.93% the S&P500.
Analysts await Ducommun Incorporated (NYSE:DCO) to report earnings on March, 13. They expect $0.44 EPS, up 25.71% or $0.09 from last year’s $0.35 per share. DCO’s profit will be $5.01 million for 15.98 P/E if the $0.44 EPS becomes a reality. After $0.44 actual EPS 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. As per Monday, September 14, the company rating was maintained by DA Davidson. As per Friday, June 10, the company rating was upgraded by Canaccord Genuity. The firm earned “Outperform” rating on Thursday, November 5 by FBR Capital.
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 Q2 2016. Its up 0.57, from 0.82 in 2016Q1. The ratio increased, 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.
Walleye Trading Limited Com last reported 1,400 shares in the company. Springbok Management Lc owns 8,400 shares or 0.02% of their US portfolio. Schwab Charles Management has 0% invested in the company for 18,300 shares. Connor Clark Lunn Mngmt Limited last reported 53,600 shares in the company. Ingalls Snyder Limited Liability Com last reported 0.33% of its portfolio in the stock. Creative Planning has 1,000 shares for 0% of their US portfolio. Jacobs Levy Equity Mngmt Inc owns 13,700 shares or 0.01% of their US portfolio. Tfs reported 30,522 shares or 0.11% of all its holdings. Teton Advsr accumulated 125,642 shares or 0.22% of the stock. Aqr Capital Mgmt Limited Liability Corporation last reported 0% of its portfolio in the stock. Franklin Resource Inc holds 0% or 269,042 shares in its portfolio. Barclays Public Ltd Com accumulated 55 shares or 0% of the stock. Geode Capital Mgmt Ltd Liability Com holds 0% or 70,916 shares in its portfolio. Manufacturers Life Insur The has 0% invested in the company for 8,375 shares. Winch Advisory Services Limited Liability Corp last reported 0% of its portfolio in the stock.
Insider Transactions: Since June 13, 2016, the stock had 0 insider buys, and 8 sales for $573,193 net activity. Another trade for 1,455 shares valued at $37,583 was made by HEISER JAMES S on Wednesday, November 16. Wampler Christopher D. had sold 1,100 shares worth $24,673 on Friday, August 19. Rogers Rose F also sold $121,450 worth of Ducommun Incorporated (NYSE:DCO) on Friday, September 2. The insider BERENATO JOSEPH C sold 1,790 shares worth $45,359.
More recent Ducommun Incorporated (NYSE:DCO) news were published by: Equitiesfocus.com which released: “Ducommun Incorporated (NYSE:DCO) 200-Day MA At $20.73” on November 23, 2016. Also Businesswire.com published the news titled: “President and COO Joel H. Benkie to Retire from Ducommun Incorporated” on March 01, 2016. Businesswire.com‘s news article titled: “LaBarge Announces Completion of Acquisition by Ducommun Incorporated” with publication date: June 28, 2011 was also an interesting one.
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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