Ducommun (NYSE:DCO) had its target price trimmed by Canaccord Genuity from $38.00 to $35.00 in a research note published on Thursday morning. The firm currently has a buy rating on the aerospace company’s stock.

Several other brokerages have also recently weighed in on DCO. Zacks Investment Research cut Ducommun from a hold rating to a sell rating in a report on Thursday, November 2nd. TheStreet upgraded Ducommun from a c rating to a b- rating in a report on Thursday, November 2nd. Noble Financial restated a hold rating on shares of Ducommun in a report on Friday, November 3rd. B. Riley dropped their target price on Ducommun from $40.00 to $39.00 and set a buy rating for the company in a report on Thursday. Finally, Sidoti upgraded Ducommun from a neutral rating to a buy rating and set a $37.00 target price for the company in a report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $36.00.

Ducommun (NYSE:DCO) traded up $0.03 on Thursday, hitting $29.16. The stock had a trading volume of 8,124 shares, compared to its average volume of 62,000. Ducommun has a 1 year low of $25.06 and a 1 year high of $35.58. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.75 and a quick ratio of 1.23. The stock has a market cap of $330.35, a PE ratio of 16.74 and a beta of 0.85.

Ducommun (NYSE:DCO) last posted its quarterly earnings data on Wednesday, February 28th. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.75. The firm had revenue of $142.26 million during the quarter, compared to analysts’ expectations of $145.23 million. Ducommun had a return on equity of 6.82% and a net margin of 3.60%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 EPS. research analysts expect that Ducommun will post 1.29 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of DCO. Tocqueville Asset Management L.P. lifted its holdings in Ducommun by 5.1% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 206,300 shares of the aerospace company’s stock worth $6,612,000 after buying an additional 10,000 shares during the period. First Trust Advisors LP purchased a new stake in Ducommun in the 3rd quarter worth approximately $261,000. Victory Capital Management Inc. purchased a new stake in Ducommun in the 3rd quarter worth approximately $1,103,000. OxFORD Asset Management LLP lifted its holdings in Ducommun by 75.0% in the 3rd quarter. OxFORD Asset Management LLP now owns 58,128 shares of the aerospace company’s stock worth $1,849,000 after buying an additional 24,921 shares during the period. Finally, Ameriprise Financial Inc. purchased a new stake in Ducommun in the 2nd quarter worth approximately $792,000. Institutional investors own 76.46% of the company’s stock.

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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.

Analyst Recommendations for Ducommun (NYSE:DCO)

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