ValuEngine lowered shares of Ducommun Incorporated (NYSE:DCO) from a buy rating to a hold rating in a research note published on Monday.

Several other research analysts also recently weighed in on DCO. Canaccord Genuity restated a buy rating and set a $35.00 target price on shares of Ducommun in a research note on Thursday, June 22nd. BidaskClub cut Ducommun from a sell rating to a strong sell rating in a research note on Tuesday, July 25th. B. Riley reiterated a buy rating and issued a $40.00 price target on shares of Ducommun in a research note on Sunday, August 6th. Noble Financial reissued a hold rating on shares of Ducommun in a report on Friday, August 4th. Finally, Zacks Investment Research upgraded Ducommun from a hold rating to a strong-buy rating and set a $34.00 price target on the stock in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Ducommun currently has a consensus rating of Hold and a consensus price target of $36.25.

Shares of Ducommun (DCO) traded up 0.06% during trading on Monday, reaching $32.64. The company’s stock had a trading volume of 324 shares. The firm’s 50-day moving average is $29.03 and its 200-day moving average is $30.26. Ducommun has a 12-month low of $18.70 and a 12-month high of $35.58. The stock has a market capitalization of $369.45 million, a PE ratio of 27.15 and a beta of 0.86.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The business had revenue of $140.90 million for the quarter, compared to analyst estimates of $138.39 million. Ducommun had a net margin of 2.50% and a return on equity of 7.49%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 earnings per share. Equities analysts expect that Ducommun will post $1.32 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Ducommun Incorporated (DCO) Downgraded by ValuEngine to “Hold”” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/10/03/ducommun-incorporated-dco-downgraded-by-valuengine-to-hold.html.

In related news, Director Anthony J. Reardon sold 1,996 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $27.65, for a total transaction of $55,189.40. Following the completion of the transaction, the director now owns 117,602 shares of the company’s stock, valued at $3,251,695.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Anthony J. Reardon sold 3,300 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $27.59, for a total transaction of $91,047.00. Following the transaction, the director now directly owns 127,724 shares of the company’s stock, valued at approximately $3,523,905.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,701 shares of company stock valued at $1,237,582. Company insiders own 8.20% of the company’s stock.

A number of large investors have recently bought and sold shares of DCO. Envestnet Asset Management Inc. grew its position in Ducommun by 15.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,627 shares of the aerospace company’s stock worth $104,000 after purchasing an additional 488 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Ducommun by 169.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,400 shares of the aerospace company’s stock valued at $107,000 after buying an additional 2,140 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of Ducommun in the 1st quarter valued at about $177,000. American International Group Inc. lifted its holdings in shares of Ducommun by 7.1% in the 1st quarter. American International Group Inc. now owns 6,398 shares of the aerospace company’s stock valued at $184,000 after buying an additional 422 shares during the period. Finally, Alliancebernstein L.P. acquired a new position in shares of Ducommun in the 2nd quarter valued at about $221,000. 79.75% of the stock is currently owned by institutional investors.

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.

Receive News & Stock Ratings for Ducommun Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ducommun Incorporated and related stocks with our FREE daily email newsletter.