Wall Street Zen cut shares of Ducommun (NYSE:DCO – Free Report) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.
A number of other research analysts have also commented on the company. Weiss Ratings lowered Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Truist Financial upped their target price on shares of Ducommun from $136.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Royal Bank Of Canada downgraded shares of Ducommun from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $155.00 to $175.00 in a report on Thursday, July 9th. B. Riley Financial boosted their price objective on shares of Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Citigroup upped their price objective on shares of Ducommun from $167.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Ducommun presently has an average rating of “Moderate Buy” and an average price target of $175.80.
View Our Latest Report on Ducommun
Ducommun Trading Down 0.0%
Ducommun (NYSE:DCO – Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. The business had revenue of $209.02 million during the quarter, compared to analysts’ expectations of $199.61 million. Ducommun had a positive return on equity of 8.41% and a negative net margin of 4.11%.The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 EPS. Equities research analysts predict that Ducommun will post 4.07 earnings per share for the current year.
Insider Transactions at Ducommun
In related news, VP Jerry L. Redondo sold 5,682 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $154.36, for a total value of $877,073.52. Following the completion of the transaction, the vice president owned 62,034 shares of the company’s stock, valued at $9,575,568.24. This represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Laureen S. Gonzalez sold 589 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $151.99, for a total transaction of $89,522.11. Following the transaction, the vice president owned 11,172 shares of the company’s stock, valued at approximately $1,698,032.28. This represents a 5.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 7,883 shares of company stock valued at $1,200,336. Company insiders own 5.00% of the company’s stock.
Hedge Funds Weigh In On Ducommun
A number of hedge funds have recently modified their holdings of DCO. Wealth Enhancement Advisory Services LLC boosted its holdings in Ducommun by 16.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company’s stock valued at $72,000 after acquiring an additional 107 shares during the last quarter. Parvin Asset Management LLC boosted its stake in shares of Ducommun by 8.9% in the 1st quarter. Parvin Asset Management LLC now owns 1,340 shares of the aerospace company’s stock valued at $163,000 after purchasing an additional 110 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Ducommun by 3.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock worth $311,000 after buying an additional 117 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Ducommun by 2.3% during the third quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company’s stock worth $657,000 after buying an additional 153 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Ducommun by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 5,014 shares of the aerospace company’s stock valued at $414,000 after buying an additional 155 shares during the period. 92.15% of the stock is owned by institutional investors and hedge funds.
Ducommun Company Profile
Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.
Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.
Read More
- Five stocks we like better than Ducommun
- The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence
- Is Domino’s Stock Serving Up a Buying Opportunity?
- A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free
- Why Gold Miners Could Be the Market’s Biggest Comeback Story
Receive News & Ratings for Ducommun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ducommun and related companies with MarketBeat.com's FREE daily email newsletter.
