Zacks Investment Research downgraded shares of Ducommun Inc. (NYSE:DCO) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning.

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.

About Ducommun

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.

5 Day Chart for NYSE:DCO

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