Ducommun Incorporated (NYSE:DCO) has been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $37.00.
A number of brokerages recently commented on DCO. Noble Financial reiterated a “hold” rating on shares of Ducommun in a report on Saturday, May 6th. B. Riley reiterated a “neutral” rating and set a $32.50 price target on shares of Ducommun in a report on Sunday, May 7th. Zacks Investment Research upgraded Ducommun from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Canaccord Genuity restated a “buy” rating and issued a $35.00 target price on shares of Ducommun in a research note on Thursday, June 22nd. Finally, BidaskClub lowered Ducommun from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th.
Shares of Ducommun (NYSE DCO) opened at 28.65 on Monday. The stock’s 50 day moving average price is $30.86 and its 200-day moving average price is $30.57. The company has a market cap of $324.29 million, a PE ratio of 23.84 and a beta of 0.90. Ducommun has a 52 week low of $18.70 and a 52 week high of $35.58.
Ducommun (NYSE:DCO) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.03. The company had revenue of $140.90 million for the quarter, compared to analyst estimates of $138.39 million. Ducommun had a return on equity of 7.49% and a net margin of 2.50%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. Analysts expect that Ducommun will post $1.31 EPS for the current year.
In other news, CEO Stephen G. Oswald acquired 10,000 shares of the business’s stock in a transaction dated Thursday, June 29th. The stock was purchased at an average cost of $28.56 per share, for a total transaction of $285,600.00. Following the acquisition, the chief executive officer now owns 55,700 shares of the company’s stock, valued at $1,590,792. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert C. Ducommun sold 900 shares of the company’s stock in a transaction dated Tuesday, June 20th. The stock was 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 owns 421,600 shares of the company’s stock, valued at $13,917,016. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,000 shares of company stock valued at $289,784. 8.20% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of DCO. 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 during the period. O Shaughnessy Asset Management LLC bought a new stake in Ducommun during the first quarter worth $177,000. 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 during the period. Alliancebernstein L.P. bought a new stake in Ducommun during the second quarter worth $221,000. Finally, Nine Chapters Capital Management LLC bought a new stake in Ducommun during the first quarter worth $380,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.
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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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