Sidoti cut shares of Ducommun Incorporated (NYSE:DCO) from a buy rating to a neutral rating in a research report report published on Tuesday, October 17th, MarketBeat.com reports.
DCO has been the subject of a number of other reports. Zacks Investment Research raised Ducommun from a hold rating to a strong-buy rating and set a $34.00 price target for the company in a research note on Friday, August 4th. ValuEngine downgraded Ducommun from a buy rating to a hold rating in a research report on Monday, October 2nd. B. Riley reiterated a buy rating and set a $40.00 price objective on shares of Ducommun in a research report on Tuesday, August 1st. Canaccord Genuity increased their target price on Ducommun from $35.00 to $36.00 and gave the company a buy rating in a report on Friday, August 4th. Finally, Noble Financial restated a hold rating on shares of Ducommun in a report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $36.25.
Ducommun (NYSE:DCO) traded up 0.29% during trading on Tuesday, reaching $34.24. The company’s stock had a trading volume of 17,873 shares. The stock has a 50 day moving average price of $31.98 and a 200 day moving average price of $30.96. Ducommun has a 1-year low of $18.70 and a 1-year high of $35.58. The stock has a market capitalization of $387.56 million, a PE ratio of 28.49 and a beta of 0.86.
Ducommun (NYSE:DCO) last issued its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $140.90 million during the quarter, compared to analyst estimates of $138.39 million. Ducommun had a return on equity of 7.49% and a net margin of 2.50%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. Analysts anticipate that Ducommun will post $1.32 earnings per share for the current fiscal year.
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In related news, Director Anthony J. Reardon sold 7,726 shares of Ducommun stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $27.66, for a total transaction of $213,701.16. Following the sale, the director now directly owns 123,523 shares of the company’s stock, valued at $3,416,646.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Anthony J. Reardon sold 3,701 shares of Ducommun stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $27.68, for a total value of $102,443.68. Following the sale, the director now directly owns 123,523 shares in the company, valued at $3,419,116.64. 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 currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in DCO. Municipal Employees Retirement System of Michigan bought a new position in shares of Ducommun in the second quarter valued at approximately $496,000. AQR Capital Management LLC raised its stake in shares of Ducommun by 122.9% in the first quarter. AQR Capital Management LLC now owns 157,807 shares of the aerospace company’s stock valued at $4,543,000 after acquiring an additional 87,019 shares during the last quarter. Royal Bank of Canada raised 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 valued at $46,133,000 after acquiring an additional 58,559 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Ducommun by 7.0% in the first quarter. Vanguard Group Inc. now owns 441,569 shares of the aerospace company’s stock valued at $12,712,000 after acquiring an additional 29,007 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new position in shares of Ducommun in the first quarter valued at approximately $556,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.
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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