Shares of Ducommun Incorporated (NYSE:DCO) have been given a consensus recommendation of “Hold” by the nine research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $37.67.
Several research analysts have recently weighed in on the company. Canaccord Genuity upped their target price on Ducommun from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday. B. Riley set a $40.00 target price on Ducommun and gave the stock a “buy” rating in a research note on Monday. Sidoti downgraded Ducommun from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 17th. Zacks Investment Research downgraded Ducommun from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, ValuEngine downgraded Ducommun from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.
In other Ducommun news, Director Anthony J. Reardon sold 3,300 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $27.59, for a total value of $91,047.00. Following the completion of the sale, the director now directly owns 127,724 shares in the company, valued at approximately $3,523,905.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Anthony J. Reardon sold 3,701 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $27.68, for a total value of $102,443.68. Following the completion of the sale, the director now owns 123,523 shares of the company’s stock, valued at $3,419,116.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,701 shares of company stock valued at $1,237,582. 8.20% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its holdings in Ducommun by 15.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,627 shares of the aerospace company’s stock valued at $104,000 after buying an additional 488 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Ducommun by 169.8% in the 2nd 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 in the last quarter. American International Group Inc. grew its holdings in Ducommun by 7.1% in the 1st quarter. American International Group Inc. now owns 6,398 shares of the aerospace company’s stock valued at $184,000 after buying an additional 422 shares in the last quarter. Alliancebernstein L.P. purchased a new stake in Ducommun in the 2nd quarter valued at $221,000. Finally, First Trust Advisors LP purchased a new stake in Ducommun in the 3rd quarter valued at $261,000. Institutional investors own 79.84% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This story was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.com-unik.info/2017/11/01/ducommun-incorporated-dco-given-average-recommendation-of-hold-by-brokerages.html.
Shares of Ducommun (DCO) opened at 32.97 on Wednesday. The firm’s 50-day moving average is $32.63 and its 200-day moving average is $31.09. The stock has a market capitalization of $373.19 million, a price-to-earnings ratio of 27.43 and a beta of 0.86. Ducommun has a one year low of $18.70 and a one year high of $35.58.
Ducommun (NYSE:DCO) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The business had revenue of $140.90 million during the quarter, compared to the consensus estimate of $138.39 million. Ducommun had a return on equity of 7.49% and a net margin of 2.50%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. Equities research analysts forecast that Ducommun will post $1.32 EPS for the current year.
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.
What are top analysts saying about Ducommun Incorporated? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ducommun Incorporated and related companies.