Ducommun Incorporated (NYSE:DCO) – Equities research analysts at B.Riley Fbr reduced their FY2017 earnings per share estimates for shares of Ducommun in a report issued on Monday. B.Riley Fbr analyst M. Crawford now forecasts that the aerospace company will post earnings of $1.25 per share for the year, down from their previous estimate of $1.47. B.Riley Fbr also issued estimates for Ducommun’s Q4 2017 earnings at $0.45 EPS.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share (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 the consensus estimate of $138.39 million. Ducommun had a net margin of 2.50% and a return on equity of 7.49%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 EPS.

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A number of other research firms have also weighed in on DCO. Sidoti lowered shares of Ducommun from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 17th. BidaskClub lowered shares of Ducommun from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research lowered shares of Ducommun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. ValuEngine raised shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Finally, Noble Financial reissued a “hold” rating on shares of Ducommun in a research report on Friday, August 4th. Two research analysts have 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 an average rating of “Hold” and an average price target of $36.75.

In related news, Director Anthony J. Reardon sold 3,300 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $27.59, for a total transaction of $91,047.00. Following the completion of the transaction, the director now owns 127,724 shares of the company’s stock, valued at $3,523,905.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony J. Reardon sold 1,996 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $27.65, for a total transaction of $55,189.40. Following the transaction, the director now directly owns 117,602 shares of the company’s stock, valued at approximately $3,251,695.30. The disclosure for this sale can be found here. Insiders have sold 42,701 shares of company stock valued at $1,237,582 in the last ninety days. 8.20% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its position in Ducommun by 15.5% during the first 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 last quarter. Tower Research Capital LLC TRC increased its position in Ducommun by 169.8% during the second quarter. Tower Research Capital LLC TRC now owns 3,400 shares of the aerospace company’s stock worth $107,000 after purchasing an additional 2,140 shares during the last quarter. American International Group Inc. increased its position 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 purchasing an additional 422 shares during the last quarter. Alliancebernstein L.P. acquired a new position in Ducommun during the second quarter worth approximately $221,000. Finally, First Trust Advisors LP acquired a new position in Ducommun during the third quarter worth approximately $261,000. 79.84% of the stock is owned by hedge funds and other institutional investors.

About Ducommun

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.

Earnings History and Estimates for Ducommun (NYSE:DCO)

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