Notable Moving Stock: Ducommun Incorporated (NYSE: DCO)

On 08 Oct 2019, Ducommun Incorporated (NYSE: DCO) spotted trading -22.66% off 52-week high price. On the other end, the stock has been noted 20.87% away from the low price over the last 52-weeks. The stock changed -0.79% to recent value of $40.25. The stock transacted 51125 shares during most recent day however it has an average volume of 89.12K shares. The company has 11.43M of outstanding shares and 10.53M shares were floated in the market.

Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, reported recently that it has sold Nobles Worldwide Inc. (“Nobles” or the “Company”) to an associate of Ducommun Incorporated (NYSE: DCO).

Nobles, based in St. Croix Falls, WI, is the global market leader in the design and manufacturing of ammunition handling systems for the U.S. Armed Forces and its allies. With a legacy that spans over 70 years, the Company supplies key aircraft, naval ship and ground vehicle platforms.

Micah Levin, Managing Director of LLCP, stated, “The Nobles investment has been very successful for LLCP, our partners and the Company’s management team. Since our initial investment in 2014, we are proud to have improved the value of Nobles by investing in a best-in-class management team, driving growth and diversification through international and ground vehicle business development, accelerating product innovation, and implementing operational improvements. We are excited for the future of Nobles, and we wish the team continued success.”

Its earnings per share (EPS) expected to touch remained 26.60% for this year while earning per share for the next 5-years is expected to reach at 22.40%. DCO has a gross margin of 20.30% and an operating margin of 5.70% while its profit margin remained 3.00% for the last 12 months.   According to the most recent quarter its current ratio was 2.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of -6.96% from the mean of 20 days, -5.12% from mean of 50 days SMA and performed -5.71% from mean of 200 days price. Company’s performance for the week was -1.01%, -3.06% for month and YTD performance remained 10.82%.

 

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