Ducommun Incorporated (NYSE:DCO) PT Raised to $36.00

Ducommun Incorporated (NYSE:DCO) had its target price hoisted by Canaccord Genuity from $35.00 to $36.00 in a research report released on Friday, August 4th. They currently have a buy rating on the aerospace company’s stock.

A number of other analysts have also recently issued reports on DCO. B. Riley restated a neutral rating and set a $32.50 price objective on shares of Ducommun in a research report on Tuesday, May 2nd. Noble Financial restated a hold rating on shares of Ducommun in a research report on Saturday, May 6th. Zacks Investment Research upgraded Ducommun from a sell rating to a hold rating in a research report on Tuesday, May 9th. Finally, BidaskClub cut Ducommun from a sell rating to a strong sell rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $36.25.

Ducommun (NYSE:DCO) traded down 1.21% during trading on Friday, reaching $28.67. 46,287 shares of the company’s stock were exchanged. The company has a market capitalization of $324.52 million, a price-to-earnings ratio of 23.85 and a beta of 0.90. Ducommun has a 52-week low of $18.70 and a 52-week high of $35.58. The stock’s 50-day moving average price is $30.58 and its 200-day moving average price is $30.54.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $140.90 million for the quarter, compared to analysts’ expectations of $138.39 million. Ducommun had a return on equity of 7.49% and a net margin of 2.50%. Ducommun’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 earnings per share. Equities analysts expect that Ducommun will post $1.31 earnings per share for the current year.

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In other news, VP Rose F. Rogers sold 1,000 shares of the stock in a transaction on Monday, June 26th. The stock was sold at an average price of $32.18, for a total transaction of $32,180.00. Following the sale, the vice president now owns 26,157 shares in the company, valued at $841,732.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher D. Wampler sold 1,500 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $32.01, for a total value of $48,015.00. Following the sale, the vice president now owns 9,514 shares in the company, valued at approximately $304,543.14. The disclosure for this sale can be found here. Insiders sold 9,000 shares of company stock worth $289,784 over the last quarter. Company insiders own 8.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in DCO. Tower Research Capital LLC TRC boosted its stake in shares of Ducommun by 169.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,400 shares of the aerospace company’s stock valued at $107,000 after buying an additional 2,140 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Ducommun by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 8,385 shares of the aerospace company’s stock valued at $265,000 after buying an additional 502 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Ducommun by 137.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 68,855 shares of the aerospace company’s stock valued at $2,174,000 after buying an additional 39,866 shares during the last quarter. State Street Corp boosted its stake in shares of Ducommun by 9.3% in the second quarter. State Street Corp now owns 191,241 shares of the aerospace company’s stock valued at $6,039,000 after buying an additional 16,194 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Ducommun by 72.4% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 81,205 shares of the aerospace company’s stock valued at $2,564,000 after buying an additional 34,100 shares during the last quarter. Institutional investors own 79.87% of the company’s stock.

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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