Ducommun Incorporated (DCO) Downgraded by ValuEngine
ValuEngine lowered shares of Ducommun Incorporated (NYSE:DCO) from a buy rating to a hold rating in a research report sent to investors on Friday morning.
DCO has been the topic of a number of other reports. Zacks Investment Research raised shares of Ducommun from a hold rating to a strong-buy rating and set a $34.00 target price on the stock in a report on Friday, August 4th. B. Riley set a $40.00 target price on shares of Ducommun and gave the stock a buy rating in a report on Monday, October 30th. Canaccord Genuity boosted their target price on shares of Ducommun from $35.00 to $36.00 and gave the stock a buy rating in a report on Friday, August 4th. Finally, Noble Financial reissued a hold rating on shares of Ducommun in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $36.80.
Shares of Ducommun (DCO) opened at $25.83 on Friday. Ducommun has a 1-year low of $24.23 and a 1-year high of $35.58. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 0.99. The firm has a market cap of $292.38, a P/E ratio of 18.84 and a beta of 0.87.
Ducommun (NYSE:DCO) last posted its earnings results on Wednesday, November 1st. The aerospace company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. Ducommun had a net margin of 2.40% and a return on equity of 7.20%. The firm had revenue of $138.70 million for the quarter, compared to analyst estimates of $143.72 million. During the same period in the previous year, the firm posted $0.44 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. equities analysts predict that Ducommun will post 0.59 earnings per share for the current fiscal year.
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In other Ducommun news, CEO Stephen G. Oswald acquired 10,000 shares of the stock in a transaction on Monday, November 6th. The shares were purchased at an average price of $27.39 per share, for a total transaction of $273,900.00. Following the completion of the acquisition, the chief executive officer now owns 65,700 shares in the company, valued at approximately $1,799,523. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Anthony J. Reardon sold 7,726 shares of the company’s stock in a transaction 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 transaction, the director now owns 123,523 shares in the company, valued at approximately $3,416,646.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,701 shares of company stock worth $1,237,582. Corporate insiders own 8.20% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DCO. Bank of New York Mellon Corp raised its holdings in Ducommun by 8.7% during the first quarter. Bank of New York Mellon Corp now owns 49,145 shares of the aerospace company’s stock worth $1,415,000 after buying an additional 3,915 shares during the last quarter. American International Group Inc. raised its holdings in Ducommun by 7.1% during the first quarter. American International Group Inc. now owns 6,398 shares of the aerospace company’s stock worth $184,000 after buying an additional 422 shares during the last quarter. Wellington Management Group LLP raised its holdings in Ducommun by 2.6% during the first quarter. Wellington Management Group LLP now owns 79,861 shares of the aerospace company’s stock worth $2,299,000 after buying an additional 2,000 shares during the last quarter. Vanguard Group Inc. raised its holdings in Ducommun by 7.0% during the first quarter. Vanguard Group Inc. now owns 441,569 shares of the aerospace company’s stock worth $12,712,000 after buying an additional 29,007 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Ducommun by 11.2% during the first quarter. Geode Capital Management LLC now owns 82,291 shares of the aerospace company’s stock worth $2,369,000 after buying an additional 8,289 shares during the last quarter. Hedge funds and other institutional investors own 81.07% of the company’s stock.
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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