Ducommun (DCO) Lifted to “Hold” at Zacks Investment Research

Ducommun (NYSE:DCO) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

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. “

Other equities research analysts have also recently issued reports about the company. TheStreet upgraded Ducommun from a “c” rating to a “b-” rating in a research report on Thursday, November 2nd. Canaccord Genuity upped their price objective on shares of Ducommun from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. B. Riley set a $40.00 price objective on shares of Ducommun and gave the stock a “buy” rating in a research report on Monday, October 30th. ValuEngine upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Finally, Sidoti upgraded shares of Ducommun from a “neutral” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Ducommun currently has a consensus rating of “Hold” and an average price target of $36.80.

Shares of Ducommun (DCO) traded down $0.13 on Wednesday, hitting $28.52. The stock had a trading volume of 66,361 shares, compared to its average volume of 68,600. Ducommun has a 12-month low of $24.23 and a 12-month high of $35.58. The company has a market capitalization of $322.74, a PE ratio of 24.38 and a beta of 0.81. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.06 and a current ratio of 2.46.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.03. Ducommun had a return on equity of 7.20% and a net margin of 2.40%. The firm had revenue of $138.70 million for the quarter, compared to analysts’ expectations of $143.72 million. During the same period in the prior year, the business posted $0.44 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. equities analysts expect that Ducommun will post 0.59 earnings per share for the current year.

In related news, CEO Stephen G. Oswald acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average cost of $26.30 per share, for a total transaction of $263,000.00. Following the completion of the transaction, the chief executive officer now owns 75,700 shares in the company, valued at $1,990,910. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony J. Reardon sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $26.04, for a total transaction of $781,200.00. Following the completion of the transaction, the director now owns 82,603 shares in the company, valued at $2,150,982.12. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its stake in Ducommun by 169.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,400 shares of the aerospace company’s stock worth $107,000 after buying an additional 2,140 shares in the last quarter. Alliancebernstein L.P. purchased a new stake in Ducommun in the second quarter worth approximately $221,000. Macquarie Group Ltd. purchased a new stake in Ducommun in the third quarter worth approximately $223,000. Mackenzie Financial Corp purchased a new stake in Ducommun in the third quarter worth approximately $229,000. Finally, First Trust Advisors LP purchased a new stake in Ducommun in the third quarter worth approximately $261,000. 81.64% of the stock is owned by institutional investors and hedge funds.

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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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