Ducommun Incorporated (NYSE:DCO) had its target price lifted by research analysts at Canaccord Genuity from $36.00 to $38.00 in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the aerospace company’s stock. Canaccord Genuity’s price objective would suggest a potential upside of 15.26% from the company’s previous close.
DCO has been the topic of several other research reports. BidaskClub cut shares of Ducommun from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. B. Riley reissued a “buy” rating and issued a $40.00 price objective on shares of Ducommun in a research note on Tuesday, August 1st. Zacks Investment Research upgraded shares of Ducommun from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a report on Friday, August 4th. Noble Financial restated a “hold” rating on shares of Ducommun in a report on Friday, August 4th. Finally, ValuEngine upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $36.75.
Ducommun (NYSE:DCO) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Ducommun had a net margin of 2.50% and a return on equity of 7.49%. The company had revenue of $140.90 million during the quarter, compared to the consensus estimate of $138.39 million. During the same period in the previous year, the firm posted $0.34 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year.
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In related news, Director Anthony J. Reardon sold 7,726 shares of Ducommun stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $27.66, for a total value of $213,701.16. Following the transaction, the director now directly owns 123,523 shares in the company, valued at approximately $3,416,646.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anthony J. Reardon sold 3,701 shares of Ducommun stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $27.68, for a total transaction of $102,443.68. Following the completion of the transaction, the director now owns 123,523 shares in the company, valued at $3,419,116.64. The disclosure for this sale can be found here. Insiders have sold 42,701 shares of company stock worth $1,237,582 in the last three months. Corporate insiders own 8.20% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in DCO. Royal Bank of Canada raised its stake in shares of Ducommun by 4.2% during the 2nd quarter. Royal Bank of Canada now owns 1,460,820 shares of the aerospace company’s stock worth $46,133,000 after buying an additional 58,559 shares during the last quarter. Paradigm Capital Management Inc. NY grew its holdings in Ducommun by 33.9% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 604,695 shares of the aerospace company’s stock valued at $19,097,000 after buying an additional 153,095 shares during the period. Renaissance Technologies LLC grew its holdings in Ducommun by 12.1% in the 2nd quarter. Renaissance Technologies LLC now owns 597,500 shares of the aerospace company’s stock valued at $18,869,000 after buying an additional 64,400 shares during the period. Vanguard Group Inc. grew its holdings in Ducommun by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 457,773 shares of the aerospace company’s stock valued at $14,456,000 after buying an additional 16,204 shares during the period. Finally, Foundry Partners LLC grew its holdings in shares of Ducommun by 60.1% during the 3rd quarter. Foundry Partners LLC now owns 208,220 shares of the aerospace company’s stock worth $6,673,000 after purchasing an additional 78,175 shares during the period. 79.84% of the stock is owned by institutional investors.
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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