Shares of Ducommun Incorporated (NYSE:DCO) have been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $37.00.
Several equities research analysts have recently commented on DCO shares. BidaskClub cut shares of Ducommun from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Noble Financial reaffirmed a “hold” rating on shares of Ducommun in a research report on Saturday, May 6th. Zacks Investment Research cut shares of Ducommun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Canaccord Genuity reaffirmed a “buy” rating and issued a $35.00 target price on shares of Ducommun in a research report on Thursday, June 22nd. Finally, B. Riley raised shares of Ducommun from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Friday, May 5th.
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In related news, Director Robert C. Ducommun sold 900 shares of the stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $33.01, for a total value of $29,709.00. Following the completion of the transaction, the director now directly owns 421,600 shares in the company, valued at approximately $13,917,016. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Christopher D. Wampler sold 1,500 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $32.01, for a total transaction of $48,015.00. Following the completion of the transaction, the vice president now owns 9,514 shares of the company’s stock, valued at $304,543.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,000 shares of company stock valued at $289,784. 8.20% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. raised its stake in Ducommun by 7.1% in the first quarter. American International Group Inc. now owns 6,398 shares of the aerospace company’s stock worth $184,000 after buying an additional 422 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Ducommun by 15.5% in the first quarter. Envestnet Asset Management Inc. now owns 3,627 shares of the aerospace company’s stock worth $104,000 after buying an additional 488 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Ducommun by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 50,027 shares of the aerospace company’s stock worth $1,580,000 after buying an additional 882 shares in the last quarter. Wellington Management Group LLP raised its stake in Ducommun by 2.6% in the first quarter. Wellington Management Group LLP now owns 79,861 shares of the aerospace company’s stock worth $2,299,000 after buying an additional 2,000 shares in the last quarter. Finally, Alambic Investment Management L.P. raised its stake in Ducommun by 18.9% in the first quarter. Alambic Investment Management L.P. now owns 15,100 shares of the aerospace company’s stock worth $435,000 after buying an additional 2,400 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.
Ducommun (NYSE DCO) opened at 28.65 on Monday. Ducommun has a one year low of $18.70 and a one year high of $35.58. The firm has a market cap of $322.86 million, a price-to-earnings ratio of 23.62 and a beta of 0.90. The stock’s 50 day moving average is $31.28 and its 200-day moving average is $30.56.
Ducommun (NYSE:DCO) last announced its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The business had revenue of $140.90 million during the quarter, compared to analysts’ expectations of $138.39 million. Ducommun had a net margin of 2.50% and a return on equity of 7.49%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 EPS. On average, equities research analysts expect that Ducommun will post $1.34 earnings per share for the current fiscal year.
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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