Ducommun Inc. (NYSE:DCO) Receives Consensus Rating of “Buy” from Analysts
Shares of Ducommun Inc. (NYSE:DCO) have been given a consensus recommendation of “Buy” by the seven brokerages that are covering the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $22.75.
A number of equities research analysts have issued reports on the stock. B. Riley reissued a “buy” rating and set a $26.75 target price on shares of Ducommun in a report on Thursday, August 11th. FBR & Co reissued a “buy” rating on shares of Ducommun in a report on Friday, August 5th. Zacks Investment Research raised shares of Ducommun from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a report on Monday, August 8th. Finally, Canaccord Genuity raised shares of Ducommun from a “hold” rating to a “buy” rating and boosted their target price for the company from $19.00 to $23.00 in a report on Friday, June 10th.
In related news, VP Rose F. Rogers sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $24.29, for a total value of $121,450.00. Following the completion of the transaction, the vice president now directly owns 32,816 shares in the company, valued at $797,100.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.10% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Ingalls & Snyder LLC bought a new position in shares of Ducommun during the second quarter valued at about $5,536,000. Emerald Acquisition Ltd. bought a new position in shares of Ducommun during the second quarter valued at about $2,839,000. Lebenthal Asset Management LLC bought a new position in shares of Ducommun during the second quarter valued at about $2,500,000. Royal Bank of Canada raised its position in shares of Ducommun by 8.2% in the second quarter. Royal Bank of Canada now owns 1,136,788 shares of the company’s stock valued at $22,486,000 after buying an additional 85,979 shares during the period. Finally, Tocqueville Asset Management L.P. bought a new position in shares of Ducommun during the second quarter valued at about $1,646,000. Institutional investors own 79.41% of the company’s stock.
Shares of Ducommun (NYSE:DCO) traded up 0.18% on Wednesday, reaching $22.16. The company had a trading volume of 36,036 shares. The company’s 50-day moving average is $22.53 and its 200-day moving average is $18.79. The company’s market capitalization is $247.44 million. Ducommun has a one year low of $12.28 and a one year high of $24.86.
Ducommun (NYSE:DCO) last issued its earnings results on Thursday, August 4th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. Ducommun had a negative net margin of 9.38% and a positive return on equity of 3.45%. The business had revenue of $133.40 million for the quarter, compared to analysts’ expectations of $141.54 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The business’s revenue for the quarter was down 23.7% compared to the same quarter last year. Equities research analysts predict that Ducommun will post $1.43 earnings per share for the current year.
Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and 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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