Ducommun Incorporated (DCO) Downgraded by ValuEngine to “Hold”
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.
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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.
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