Ducommun Incorporated (NYSE:DCO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

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 analysts also recently issued reports on DCO. BidaskClub downgraded shares of Ducommun from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. B. Riley reissued a “buy” rating and issued a $40.00 price target on shares of Ducommun in a research report on Tuesday, August 1st. Canaccord Genuity lifted their price target on shares of Ducommun from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Noble Financial reissued a “hold” rating on shares of Ducommun in a research report on Friday, August 4th. Finally, ValuEngine raised shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Ducommun has an average rating of “Hold” and an average target price of $36.75.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The company 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 company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS.

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In other Ducommun news, Director Anthony J. Reardon sold 3,701 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $27.68, for a total transaction of $102,443.68. Following the transaction, the director now directly owns 123,523 shares in the company, valued at approximately $3,419,116.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anthony J. Reardon sold 7,726 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $27.66, for a total value of $213,701.16. Following the transaction, the director now owns 123,523 shares in the company, valued at $3,416,646.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,701 shares of company stock worth $1,237,582. Company insiders own 8.20% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Wilen Investment Management CORP. lifted its stake in Ducommun by 0.3% during the 2nd quarter. Wilen Investment Management CORP. now owns 32,818 shares of the aerospace company’s stock valued at $1,017,000 after acquiring an additional 100 shares in the last quarter. Teachers Advisors LLC lifted its stake in Ducommun by 0.5% during the 2nd quarter. Teachers Advisors LLC now owns 19,905 shares of the aerospace company’s stock valued at $629,000 after acquiring an additional 101 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in Ducommun by 0.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 28,970 shares of the aerospace company’s stock valued at $915,000 after acquiring an additional 177 shares in the last quarter. American International Group Inc. lifted its stake in Ducommun by 7.1% during the 1st quarter. American International Group Inc. now owns 6,398 shares of the aerospace company’s stock valued at $184,000 after acquiring an additional 422 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Ducommun by 15.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,627 shares of the aerospace company’s stock valued at $104,000 after acquiring an additional 488 shares in the last quarter. Institutional investors and hedge funds own 79.84% 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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