Ducommun (DCO) Stock Rating Upgraded by Sidoti

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.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The firm had revenue of $138.70 million during the quarter, compared to analysts’ expectations of $143.72 million. Ducommun had a return on equity of 7.20% and a net margin of 2.40%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share. research analysts expect that Ducommun will post 0.59 EPS for the current fiscal year.

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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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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