Ducommun Incorporated (DCO) Given Average Recommendation of “Hold” by Brokerages

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.

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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.

About Ducommun

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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