Ducommun Incorporated (DCO) Cut to “Neutral” at Sidoti

Sidoti cut shares of Ducommun Incorporated (NYSE:DCO) from a buy rating to a neutral rating in a research report report published on Tuesday, October 17th, Marketbeat reports.

Other research analysts also recently issued reports about the stock. B. Riley reissued a buy rating and set a $40.00 price target on shares of Ducommun in a research note on Tuesday, August 1st. Canaccord Genuity lifted their target price on shares of Ducommun from $35.00 to $36.00 and gave the stock a buy rating in a research note on Friday, August 4th. Zacks Investment Research downgraded shares of Ducommun from a strong-buy rating to a hold rating in a research note on Tuesday, August 8th. ValuEngine downgraded shares of Ducommun from a buy rating to a hold rating in a research note on Monday, October 2nd. Finally, Noble Financial reaffirmed a hold rating on shares of Ducommun in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $36.75.

Shares of Ducommun (NYSE:DCO) traded up $0.37 on Tuesday, reaching $29.48. 116,721 shares of the company were exchanged, compared to its average volume of 45,267. The stock has a market capitalization of $329.76, a P/E ratio of 21.25 and a beta of 0.87. Ducommun has a 1-year low of $20.00 and a 1-year high of $35.58. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.46 and a quick ratio of 1.06.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. The firm had revenue of $138.70 million for the quarter, compared to the consensus estimate of $143.72 million. Ducommun had a net margin of 2.40% and a return on equity of 7.20%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. research analysts anticipate that Ducommun will post 1.2 EPS for the current year.

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In other news, Director Anthony J. Reardon sold 3,300 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $27.59, for a total transaction of $91,047.00. Following the sale, the director now 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 is accessible through this link. Also, Director Anthony J. Reardon sold 4,198 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $31.03, for a total transaction of $130,263.94. Following the sale, the director now owns 92,555 shares in the company, valued at approximately $2,871,981.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,701 shares of company stock worth $1,237,582. Company insiders own 8.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in DCO. Wells Fargo & Company MN boosted its stake in Ducommun by 39.6% in the 1st quarter. Wells Fargo & Company MN now owns 73,453 shares of the aerospace company’s stock worth $2,115,000 after purchasing an additional 20,854 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Ducommun by 8.7% in the 1st quarter. Bank of New York Mellon Corp now owns 49,145 shares of the aerospace company’s stock worth $1,415,000 after purchasing an additional 3,915 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Ducommun by 15.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,627 shares of the aerospace company’s stock worth $104,000 after purchasing an additional 488 shares in the last quarter. American International Group Inc. boosted its stake in Ducommun by 7.1% in the 1st quarter. American International Group Inc. now owns 6,398 shares of the aerospace company’s stock worth $184,000 after purchasing an additional 422 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Ducommun by 2.6% in the 1st quarter. Wellington Management Group LLP now owns 79,861 shares of the aerospace company’s stock worth $2,299,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 80.90% of the company’s stock.

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.

Analyst Recommendations for Ducommun (NYSE:DCO)

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