A number of research firms have changed their ratings and price targets for Ducommun (NYSE: DCO):

  • 11/13/2017 – Ducommun was upgraded by analysts at Sidoti from a “neutral” rating to a “buy” rating. They now have a $37.00 price target on the stock.
  • 11/10/2017 – Ducommun was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 11/3/2017 – Ducommun had its “hold” rating reaffirmed by analysts at Noble Financial.
  • 11/2/2017 – Ducommun was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
  • 11/2/2017 – Ducommun was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 10/31/2017 – Ducommun had its price target raised by analysts at Canaccord Genuity from $36.00 to $38.00. They now have a “buy” rating on the stock.
  • 10/30/2017 – Ducommun was given a new $40.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock. They wrote, “We do know the company entered Q3 with a strong $337MM commercial aerospace backlog and a total backlog of $610MM, up from the $600MM at the end of FY ’16, the increase largely due to a $20MM increase in commercial aerospace backlog. Moreover, DCO expects to deliver $426MM of its total backlog over the next 12 months, which implies that the company could potentially surpass our top-line targets for FY ’17 and ’18.””
  • 10/17/2017 – Ducommun was downgraded by analysts at Sidoti from a “buy” rating to a “neutral” rating.
  • 10/3/2017 – Ducommun was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 10/2/2017 – Ducommun was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Ducommun Incorporated (DCO) traded down $1.95 during trading hours on Monday, reaching $25.81. 83,300 shares of the company’s stock traded hands, compared to its average volume of 74,264. Ducommun Incorporated has a one year low of $24.23 and a one year high of $35.58. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.06 and a current ratio of 2.46. The stock has a market capitalization of $292.38, a price-to-earnings ratio of 18.84 and a beta of 0.87.

Ducommun (NYSE:DCO) last posted its quarterly 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 net margin of 2.40% and a return on equity of 7.20%. The company had revenue of $138.70 million for the quarter, compared to analyst estimates of $143.72 million. During the same period in the prior year, the company earned $0.44 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. research analysts predict that Ducommun Incorporated will post 0.59 EPS for the current year.

In other Ducommun news, CEO Stephen G. Oswald purchased 10,000 shares of the stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $27.39 per share, with a total value of $273,900.00. Following the completion of the acquisition, the chief executive officer now owns 65,700 shares in the company, valued at $1,799,523. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony J. Reardon sold 3,300 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was 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 approximately $3,523,905.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,701 shares of company stock worth $1,237,582. 8.20% of the stock is owned by corporate insiders.

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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