Ducommun Incorporated (NYSE:DCO) has earned an average rating of “Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $44.00.
Several research analysts have weighed in on DCO shares. Noble Financial reiterated a “buy” rating and set a $42.00 target price on shares of Ducommun in a report on Wednesday, September 26th. Zacks Investment Research downgraded Ducommun from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Canaccord Genuity lifted their price target on Ducommun from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, November 14th. Finally, TheStreet raised Ducommun from a “c” rating to a “b-” rating in a research note on Monday, November 26th.
DCO stock opened at $37.38 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.49 and a current ratio of 2.34. The stock has a market cap of $426.52 million, a price-to-earnings ratio of 28.11 and a beta of 1.12. Ducommun has a 1-year low of $25.52 and a 1-year high of $45.62.
Ducommun (NYSE:DCO) last posted its earnings results on Monday, November 5th. The aerospace company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.14). The business had revenue of $159.80 million for the quarter, compared to the consensus estimate of $153.04 million. Ducommun had a return on equity of 7.29% and a net margin of 2.94%. The business’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Analysts predict that Ducommun will post 1.84 earnings per share for the current year.
In other Ducommun news, Director Robert C. Ducommun sold 5,000 shares of Ducommun stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $43.17, for a total value of $215,850.00. Following the sale, the director now owns 411,800 shares of the company’s stock, valued at approximately $17,777,406. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.20% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. raised its stake in shares of Ducommun by 215.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,945 shares of the aerospace company’s stock valued at $160,000 after purchasing an additional 2,696 shares during the period. Alliancebernstein L.P. acquired a new stake in shares of Ducommun in the third quarter valued at about $237,000. Algert Global LLC acquired a new stake in shares of Ducommun in the third quarter valued at about $262,000. MetLife Investment Advisors LLC increased its position in shares of Ducommun by 49.7% in the third quarter. MetLife Investment Advisors LLC now owns 8,918 shares of the aerospace company’s stock valued at $364,000 after acquiring an additional 2,959 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Ducommun by 18.5% in the second quarter. First Trust Advisors LP now owns 11,738 shares of the aerospace company’s stock valued at $388,000 after acquiring an additional 1,836 shares during the last quarter. 78.84% of the stock is currently owned by hedge funds and other institutional investors.
Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace, defense, industrial, natural resources, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment offers cable assemblies and interconnect systems; printed circuit board assemblies; high-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, wire harnesses, surge suppressors, conformal shields, and other assemblies.
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