Sidoti upgraded shares of Ducommun (NYSE:DCO) from a neutral rating to a buy rating in a report published on Monday, November 13th, MarketBeat reports. They currently have $37.00 target price on the aerospace company’s stock.
DCO has been the subject of a number of other research reports. ValuEngine cut Ducommun from a buy rating to a hold rating in a research report on Friday, November 10th. Zacks Investment Research upgraded Ducommun from a hold rating to a strong-buy rating and set a $34.00 price objective for the company in a research report on Friday, August 4th. B. Riley set a $40.00 price objective on Ducommun and gave the company a buy rating in a research report on Monday, October 30th. Canaccord Genuity upped their price target on Ducommun from $35.00 to $36.00 and gave the stock a buy rating in a research report on Friday, August 4th. Finally, Noble Financial restated a hold rating on shares of Ducommun in a research report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $36.80.
Ducommun (NYSE DCO) opened at $27.68 on Monday. Ducommun has a one year low of $24.23 and a one year high of $35.58. The company has a quick ratio of 1.06, a current ratio of 2.46 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $310.31, a price-to-earnings ratio of 20.42 and a beta of 0.87.
In related news, Director Anthony J. Reardon sold 9,872 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $29.01, for a total transaction of $286,386.72. Following the completion of the transaction, the director now directly owns 115,432 shares of the company’s stock, valued at $3,348,682.32. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Anthony J. Reardon sold 30,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $26.04, for a total value of $781,200.00. Following the transaction, the director now directly owns 82,603 shares of the company’s stock, valued at $2,150,982.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,724 shares of company stock valued at $1,632,380. Corporate insiders own 8.20% of the company’s stock.
Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in shares of 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 purchasing an additional 2,140 shares during the last quarter. American International Group Inc. lifted its stake in shares of 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 purchasing an additional 422 shares during the last quarter. Alliancebernstein L.P. bought a new stake in shares of Ducommun in the 2nd quarter valued at approximately $221,000. Macquarie Group Ltd. purchased a new stake in shares of Ducommun in the third quarter worth approximately $223,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Ducommun in the third quarter worth approximately $229,000. 81.60% of the stock is owned by institutional investors and hedge funds.
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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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