According to Zacks, “Ducommun Incorporated manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Ducommun is a subcontractor to Lockheed Martin on the Space Shuttle external tank and a supplier of components for the Space Shuttle, as well as for the International Space Station. “
Several other brokerages also recently commented on DCO. SunTrust Banks downgraded Ducommun from a buy rating to a hold rating and set a $45.00 target price on the stock. in a research note on Friday, June 14th. Noble Financial upgraded Ducommun from a market perform rating to an outperform rating and set a $50.00 target price on the stock in a research note on Tuesday, August 6th. Finally, ValuEngine downgraded Ducommun from a hold rating to a sell rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $49.20.
Shares of DCO opened at $41.34 on Tuesday. The business’s fifty day simple moving average is $42.23 and its two-hundred day simple moving average is $43.78. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 0.89. Ducommun has a 12 month low of $33.30 and a 12 month high of $52.04. The company has a market cap of $476.65 million, a price-to-earnings ratio of 20.77 and a beta of 0.73.
Ducommun (NYSE:DCO) last issued its earnings results on Monday, August 5th. The aerospace company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.55 by $0.11. Ducommun had a return on equity of 10.19% and a net margin of 2.97%. The business had revenue of $180.50 million for the quarter, compared to the consensus estimate of $167.92 million. During the same period last year, the business posted $0.14 EPS. The company’s revenue was up 16.6% compared to the same quarter last year. As a group, research analysts forecast that Ducommun will post 2.54 EPS for the current year.
In other news, Director Robert C. Ducommun sold 1,000 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $46.50, for a total transaction of $46,500.00. Following the transaction, the director now directly owns 404,715 shares of the company’s stock, valued at approximately $18,819,247.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert C. Ducommun sold 600 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $46.62, for a total value of $27,972.00. Following the transaction, the director now directly owns 404,115 shares in the company, valued at $18,839,841.30. The disclosure for this sale can be found here. Insiders have sold a total of 3,900 shares of company stock worth $172,797 over the last three months. Insiders own 8.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ibex Investors LLC bought a new position in shares of Ducommun during the 2nd quarter valued at $223,000. Swiss National Bank purchased a new position in shares of Ducommun during the second quarter valued at about $910,000. Panagora Asset Management Inc. grew its position in shares of Ducommun by 2.1% during the second quarter. Panagora Asset Management Inc. now owns 120,796 shares of the aerospace company’s stock valued at $5,444,000 after purchasing an additional 2,494 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Ducommun during the second quarter valued at about $220,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Ducommun during the second quarter valued at about $36,000. 83.60% of the stock is currently owned by hedge funds and other institutional investors.
Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace, defense, industrial, natural resources, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment offers cable assemblies and interconnect systems; printed circuit board assemblies; high-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, wire harnesses, surge suppressors, conformal shields, and other assemblies.
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