Shares of Ducommun Incorporated (NYSE:DCO) have received an average recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $37.00.
A number of analysts have commented on the company. ValuEngine raised Ducommun from a “hold” rating to a “buy” rating in a report on Monday. Zacks Investment Research lowered Ducommun from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. B. Riley reissued a “buy” rating and issued a $40.00 target price on shares of Ducommun in a report on Sunday, August 6th. Noble Financial reissued a “hold” rating on shares of Ducommun in a report on Friday, August 4th. Finally, Canaccord Genuity lifted their target price on Ducommun from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, August 4th.
In related news, Director Anthony J. Reardon sold 1,996 shares of Ducommun stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $27.65, for a total value of $55,189.40. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony J. Reardon sold 3,701 shares of Ducommun stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $27.68, for a total value of $102,443.68. Following the completion of the sale, the director now directly owns 123,523 shares of the company’s stock, valued at approximately $3,419,116.64. The disclosure for this sale can be found here. In the last three months, insiders sold 24,223 shares of company stock valued at $704,150. Corporate insiders own 8.20% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC grew its holdings in shares of Ducommun by 122.9% in the first quarter. AQR Capital Management LLC now owns 157,807 shares of the aerospace company’s stock worth $4,543,000 after acquiring an additional 87,019 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in shares of Ducommun in the second quarter worth $496,000. Alambic Investment Management L.P. grew its holdings in shares of Ducommun by 18.9% in the first quarter. Alambic Investment Management L.P. now owns 15,100 shares of the aerospace company’s stock worth $435,000 after acquiring an additional 2,400 shares during the period. Highbridge Capital Management LLC bought a new stake in shares of Ducommun in the first quarter worth $556,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Ducommun by 15.5% in the first quarter. Envestnet Asset Management Inc. now owns 3,627 shares of the aerospace company’s stock worth $104,000 after acquiring an additional 488 shares during the period. 81.16% of the stock is owned by institutional investors.
Shares of Ducommun (DCO) traded up 2.9181% on Tuesday, reaching $29.2699. The company’s stock had a trading volume of 26,551 shares. The stock has a 50-day moving average of $28.52 and a 200 day moving average of $30.21. Ducommun has a 52-week low of $18.70 and a 52-week high of $35.58. The company has a market cap of $331.31 million, a price-to-earnings ratio of 24.3510 and a beta of 0.80.
Ducommun (NYSE:DCO) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.03. The business had revenue of $140.90 million during the quarter, compared to analyst estimates of $138.39 million. Ducommun had a return on equity of 7.49% and a net margin of 2.50%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 EPS. On average, equities research analysts forecast that Ducommun will post $1.32 earnings per share for the current year.
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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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