DCO has been the subject of several other reports. Zacks Investment Research raised shares of Ducommun from a hold rating to a strong-buy rating and set a $34.00 target price for the company in a research report on Friday, August 4th. ValuEngine cut shares of Ducommun from a buy rating to a hold rating in a research report on Monday, October 2nd. B. Riley set a $40.00 target price on shares of Ducommun and gave the stock a buy rating in a research report on Monday, October 30th. Finally, Canaccord Genuity raised their target price on shares of Ducommun from $35.00 to $36.00 and gave the stock a buy rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Ducommun currently has an average rating of Hold and an average price target of $36.75.
Shares of Ducommun (NYSE:DCO) traded down $3.55 on Friday, reaching $29.11. 54,519 shares of the company’s stock traded hands, compared to its average volume of 45,608. The stock has a market cap of $329.76 million, a PE ratio of 23.72 and a beta of 0.87. The company has a quick ratio of 1.15, a current ratio of 2.48 and a debt-to-equity ratio of 0.77. Ducommun has a fifty-two week low of $20.00 and a fifty-two week high of $35.58.
Ducommun (NYSE:DCO) last announced its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The business had revenue of $138.70 million during the quarter, compared to analysts’ expectations of $143.72 million. Ducommun had a net margin of 2.40% and a return on equity of 7.28%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 EPS. analysts predict that Ducommun will post 1.2 earnings per share for the current fiscal year.
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In related news, Director Anthony J. Reardon sold 4,198 shares of Ducommun stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $31.03, for a total transaction of $130,263.94. Following the completion of the transaction, the director now directly owns 92,555 shares of the company’s stock, valued at approximately $2,871,981.65. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Anthony J. Reardon sold 3,300 shares of Ducommun stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $27.59, for a total transaction of $91,047.00. Following the transaction, the director now directly owns 127,724 shares of the company’s stock, valued at $3,523,905.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,701 shares of company stock valued at $1,237,582. 8.20% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its stake in Ducommun by 15.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,627 shares of the aerospace company’s stock valued at $104,000 after purchasing an additional 488 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Ducommun by 169.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,400 shares of the aerospace company’s stock valued at $107,000 after purchasing an additional 2,140 shares in the last quarter. American International Group Inc. increased its stake in Ducommun by 7.1% during the 1st quarter. American International Group Inc. now owns 6,398 shares of the aerospace company’s stock valued at $184,000 after purchasing an additional 422 shares in the last quarter. Alliancebernstein L.P. bought a new stake in Ducommun during the 2nd quarter valued at about $221,000. Finally, First Trust Advisors LP bought a new stake in Ducommun during the 3rd quarter valued at about $261,000. 79.84% of the stock is owned by institutional investors.
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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