Zacks Investment Research upgraded shares of Ducommun Incorporated (NYSE:DCO) from a hold rating to a strong-buy rating in a research report released on Friday, August 4th. Zacks Investment Research currently has $34.00 price target on the aerospace company’s stock.
According to Zacks, “Ducommun Incorporated manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Ducommun is a subcontractor to Lockheed Martin on the Space Shuttle external tank and a supplier of components for the Space Shuttle, as well as for the International Space Station. “
DCO has been the subject of a number of other reports. BidaskClub lowered Ducommun from a sell rating to a strong sell rating in a report on Tuesday, July 25th. Noble Financial reiterated a hold rating on shares of Ducommun in a report on Saturday, May 6th. Canaccord Genuity reiterated a buy rating and set a $35.00 price target on shares of Ducommun in a report on Thursday, June 22nd. Finally, B. Riley upgraded Ducommun from a neutral rating to a buy rating and set a $40.00 price target for the company in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $36.25.
Ducommun (DCO) traded down 1.21% during mid-day trading on Friday, hitting $28.67. 46,287 shares of the stock were exchanged. Ducommun has a 52 week low of $18.70 and a 52 week high of $35.58. The company has a 50 day moving average price of $30.58 and a 200 day moving average price of $30.54. The stock has a market cap of $324.52 million, a price-to-earnings ratio of 23.85 and a beta of 0.90.
Ducommun (NYSE:DCO) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. Ducommun had a return on equity of 7.49% and a net margin of 2.50%. The firm had revenue of $140.90 million during the quarter, compared to analyst estimates of $138.39 million. During the same period in the previous year, the company earned $0.34 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts expect that Ducommun will post $1.31 EPS for the current fiscal year.
In other news, VP Rose F. Rogers sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $32.18, for a total transaction of $32,180.00. Following the sale, the vice president now directly owns 26,157 shares in the company, valued at $841,732.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Stephen G. Oswald purchased 10,000 shares of the stock in a transaction on Thursday, June 29th. The stock was bought at an average price of $28.56 per share, for a total transaction of $285,600.00. Following the completion of the transaction, the chief executive officer now directly owns 55,700 shares of the company’s stock, valued at $1,590,792. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 9,000 shares of company stock worth $289,784. 8.20% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its stake in shares of Ducommun by 169.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,400 shares of the aerospace company’s stock worth $107,000 after buying an additional 2,140 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of 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 shares of Ducommun during the first quarter worth $177,000. American International Group Inc. boosted its stake in shares of 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. Finally, Alliancebernstein L.P. bought a new stake in shares of Ducommun during the second quarter worth $221,000. Hedge funds and other institutional investors own 79.87% of the company’s stock.
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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