Ducommun Incorporated (DCO) Receives Average Rating of “Hold” from Brokerages

Shares of Ducommun Incorporated (NYSE:DCO) have been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $37.50.

DCO has been the topic of several research analyst reports. ValuEngine cut shares of Ducommun from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research cut shares of Ducommun from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Sidoti lowered shares of Ducommun from a “buy” rating to a “neutral” rating in a report on Tuesday, October 17th. B. Riley set a $40.00 price target on shares of Ducommun and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Canaccord Genuity raised their price target on shares of Ducommun from $36.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, October 31st.

Shares of Ducommun (NYSE:DCO) opened at $29.64 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.46 and a quick ratio of 1.06. Ducommun has a 12-month low of $25.06 and a 12-month high of $35.58. The stock has a market cap of $335.77, a P/E ratio of 25.33 and a beta of 0.81.

Ducommun (NYSE:DCO) last released its earnings results on Wednesday, November 1st. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $138.70 million for the quarter, compared to analysts’ expectations of $143.72 million. During the same period last year, the company earned $0.44 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. analysts anticipate that Ducommun will post 0.59 EPS for the current fiscal year.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Tocqueville Asset Management L.P. raised its stake in shares of Ducommun by 5.1% during the third quarter. Tocqueville Asset Management L.P. now owns 206,300 shares of the aerospace company’s stock valued at $6,612,000 after purchasing an additional 10,000 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of Ducommun during the third quarter valued at approximately $1,103,000. Ameriprise Financial Inc. purchased a new stake in shares of Ducommun during the second quarter valued at approximately $792,000. OxFORD Asset Management LLP raised its stake in shares of Ducommun by 75.0% during the third quarter. OxFORD Asset Management LLP now owns 58,128 shares of the aerospace company’s stock valued at $1,849,000 after purchasing an additional 24,921 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Ducommun by 4.2% in the second quarter. Royal Bank of Canada now owns 1,460,820 shares of the aerospace company’s stock worth $46,133,000 after buying an additional 58,559 shares during the last quarter. Institutional investors own 81.64% of the company’s stock.

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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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