ValuEngine Upgrades Ducommun Incorporated (DCO) to Buy
Ducommun Incorporated (NYSE:DCO) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.
A number of other brokerages also recently weighed in on DCO. Canaccord Genuity reaffirmed a “buy” rating and issued a $35.00 target price on shares of Ducommun in a research note on Thursday, June 22nd. Noble Financial reaffirmed a “hold” rating on shares of Ducommun in a research note on Saturday, May 20th. BidaskClub downgraded shares of Ducommun from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. B. Riley reaffirmed a “buy” rating and issued a $40.00 target price on shares of Ducommun in a research note on Sunday, August 6th. Finally, Zacks Investment Research raised shares of Ducommun from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $36.25.
Ducommun (NYSE:DCO) traded up 2.78% on Monday, hitting $28.44. 68,357 shares of the stock traded hands. Ducommun has a 12-month low of $18.70 and a 12-month high of $35.58. The stock has a market cap of $321.91 million, a P/E ratio of 23.66 and a beta of 0.80. The stock has a 50-day moving average price of $28.52 and a 200 day moving average price of $30.21.
Ducommun (NYSE:DCO) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.03. Ducommun had a net margin of 2.50% and a return on equity of 7.49%. The company had revenue of $140.90 million during the quarter, compared to the consensus estimate of $138.39 million. During the same period in the previous year, the firm posted $0.34 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. On average, equities analysts expect that Ducommun will post $1.32 EPS for the current fiscal year.
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In other Ducommun news, CEO Stephen G. Oswald purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The stock was acquired at an average cost of $28.56 per share, with a total value of $285,600.00. Following the completion of the purchase, the chief executive officer now directly owns 55,700 shares in the company, valued at approximately $1,590,792. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anthony J. Reardon sold 7,726 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $27.66, for a total transaction of $213,701.16. Following the sale, the director now directly owns 123,523 shares of the company’s stock, valued at $3,416,646.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,223 shares of company stock valued at $704,150. 8.20% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of DCO. Paradigm Capital Management Inc. NY raised its stake in shares of Ducommun by 33.9% during the second quarter. Paradigm Capital Management Inc. NY now owns 604,695 shares of the aerospace company’s stock worth $19,097,000 after buying an additional 153,095 shares during the last quarter. AQR Capital Management LLC grew its holdings in Ducommun by 122.9% during the first quarter. AQR Capital Management LLC now owns 157,807 shares of the aerospace company’s stock valued at $4,543,000 after purchasing an additional 87,019 shares during the period. Renaissance Technologies LLC grew its holdings in Ducommun by 12.1% during the second quarter. Renaissance Technologies LLC now owns 597,500 shares of the aerospace company’s stock valued at $18,869,000 after purchasing an additional 64,400 shares during the period. Royal Bank of Canada grew its holdings in Ducommun by 4.2% during the second quarter. Royal Bank of Canada now owns 1,460,820 shares of the aerospace company’s stock valued at $46,133,000 after purchasing an additional 58,559 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Ducommun by 137.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 68,855 shares of the aerospace company’s stock valued at $2,174,000 after purchasing an additional 39,866 shares during the period. 81.16% of the stock is owned by institutional investors and hedge funds.
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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