Ducommun Inc. (DCO) Downgraded by Zacks Investment Research to “Hold”
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. “
Several other research firms also recently commented on DCO. B. Riley reissued a buy rating and issued a $26.75 target price on shares of Ducommun in a research report on Thursday, August 11th. Canaccord Genuity reissued a buy rating and issued a $25.00 target price on shares of Ducommun in a research report on Sunday, August 7th. Finally, FBR & Co reissued a buy rating on shares of Ducommun in a research report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Ducommun presently has an average rating of Hold and a consensus target price of $23.63.
Shares of Ducommun (NYSE:DCO) opened at 20.66 on Tuesday. The stock has a 50 day moving average of $22.22 and a 200 day moving average of $19.43. The company’s market cap is $230.69 million. Ducommun has a 52-week low of $12.28 and a 52-week high of $24.86.
Ducommun (NYSE:DCO) last posted its earnings results on Thursday, August 4th. The company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.06. The company earned $133.40 million during the quarter, compared to the consensus estimate of $141.54 million. Ducommun had a negative net margin of 9.38% and a positive return on equity of 3.45%. The company’s revenue for the quarter was down 23.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. On average, equities analysts anticipate that Ducommun will post $1.43 earnings per share for the current fiscal year.
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 transaction of $121,450.00. Following the completion of the sale, the vice president now directly owns 32,816 shares of the company’s stock, valued at approximately $797,100.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 9.10% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in DCO. Royal Bank of Canada boosted its position in Ducommun by 5.5% in the first quarter. Royal Bank of Canada now owns 1,050,809 shares of the company’s stock valued at $16,025,000 after buying an additional 54,883 shares during the last quarter. First Manhattan Co. bought a new position in Ducommun during the second quarter valued at approximately $113,000. Strs Ohio boosted its position in Ducommun by 8.3% in the second quarter. Strs Ohio now owns 26,000 shares of the company’s stock valued at $514,000 after buying an additional 2,000 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in Ducommun by 24.9% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 15,841 shares of the company’s stock valued at $313,000 after buying an additional 3,159 shares during the last quarter. Finally, Emerald Advisers Inc. PA boosted its position in Ducommun by 16.3% in the second quarter. Emerald Advisers Inc. PA now owns 33,159 shares of the company’s stock valued at $656,000 after buying an additional 4,646 shares during the last quarter. Hedge funds and other institutional investors own 79.43% of the company’s stock.
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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