Ducommun Incorporated (NYSE:DCO)‘s stock had its “hold” rating restated by stock analysts at Noble Financial in a report issued on Friday.

Several other analysts also recently commented on DCO. B. Riley reiterated a “buy” rating and set a $40.00 target price on shares of Ducommun in a research note on Tuesday, August 1st. Canaccord Genuity increased their target price on Ducommun from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday. ValuEngine downgraded Ducommun from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research downgraded Ducommun from a “hold” rating to a “sell” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $36.75.

Ducommun (NYSE:DCO) opened at $29.11 on Friday. The firm has a market capitalization of $329.76 million, a P/E ratio of 23.72 and a beta of 0.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.15 and a current ratio of 2.48. Ducommun has a 1-year low of $20.00 and a 1-year high of $35.58.

Ducommun (NYSE:DCO) last issued its earnings results on Wednesday, November 1st. The aerospace company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. Ducommun had a return on equity of 7.28% and a net margin of 2.40%. The business had revenue of $138.70 million for the quarter, compared to the consensus estimate of $143.72 million. During the same period last year, the business posted $0.44 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. analysts anticipate that Ducommun will post 1.2 earnings per share for the current fiscal year.

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In other news, Director Anthony J. Reardon sold 4,198 shares of the stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $31.03, for a total transaction of $130,263.94. Following the transaction, the director now directly owns 92,555 shares of the company’s stock, valued at approximately $2,871,981.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony J. Reardon sold 1,996 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $27.65, for a total value of $55,189.40. Following the transaction, the director now directly owns 117,602 shares in the company, valued at $3,251,695.30. The disclosure for this sale can be found here. Insiders have sold a total of 42,701 shares of company stock worth $1,237,582 over the last three months. Insiders own 8.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Ducommun by 4.2% during the 2nd quarter. Royal Bank of Canada now owns 1,460,820 shares of the aerospace company’s stock valued at $46,133,000 after buying an additional 58,559 shares during the period. Paradigm Capital Management Inc. NY lifted its holdings in shares of Ducommun by 33.9% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 604,695 shares of the aerospace company’s stock valued at $19,097,000 after buying an additional 153,095 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Ducommun by 12.1% during the 2nd quarter. Renaissance Technologies LLC now owns 597,500 shares of the aerospace company’s stock valued at $18,869,000 after buying an additional 64,400 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Ducommun by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 457,773 shares of the aerospace company’s stock valued at $14,456,000 after buying an additional 16,204 shares during the period. Finally, Foundry Partners LLC lifted its holdings in shares of Ducommun by 60.1% during the 3rd quarter. Foundry Partners LLC now owns 208,220 shares of the aerospace company’s stock valued at $6,673,000 after buying an additional 78,175 shares during the period. 79.84% of the stock is currently 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.

Analyst Recommendations for Ducommun (NYSE:DCO)

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