Canaccord Genuity Raises Ducommun Incorporated (DCO) Price Target to $38.00
Ducommun Incorporated (NYSE:DCO) had its price target lifted by Canaccord Genuity from $36.00 to $38.00 in a research report released on Tuesday. The firm currently has a buy rating on the aerospace company’s stock.
A number of other research analysts also recently weighed in on the stock. BidaskClub downgraded shares of Ducommun from a sell rating to a strong sell rating in a research report on Tuesday, July 25th. Sidoti cut shares of Ducommun from a buy rating to a neutral rating in a report on Tuesday, October 17th. ValuEngine raised shares of Ducommun from a hold rating to a buy rating in a report on Monday, September 11th. Zacks Investment Research cut shares of Ducommun from a hold rating to a sell rating in a report on Tuesday, October 3rd. Finally, Noble Financial reaffirmed a hold rating on shares of Ducommun in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Ducommun presently has a consensus rating of Hold and an average price target of $36.75.
Ducommun (NYSE:DCO) opened at $29.11 on Tuesday. The stock has a market cap of $368.05 million, a price-to-earnings ratio of 23.72 and a beta of 0.87. The company has a current ratio of 2.48, a quick ratio of 1.15 and a debt-to-equity ratio of 0.77.
Ducommun (NYSE:DCO) last issued its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.03. The company had revenue of $138.70 million for the quarter, compared to the consensus estimate of $143.72 million. Ducommun had a net margin of 2.40% and a return on equity of 7.28%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 earnings per share. equities analysts forecast that Ducommun will post 1.2 earnings per share for the current fiscal year.
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In other news, Director Anthony J. Reardon sold 4,198 shares of the stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $31.03, for a total value of $130,263.94. Following the completion of the sale, the director now directly owns 92,555 shares of the company’s stock, valued at $2,871,981.65. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Anthony J. Reardon sold 3,300 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $27.59, for a total transaction of $91,047.00. Following the completion of the sale, the director now directly owns 127,724 shares of the company’s stock, valued at $3,523,905.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,701 shares of company stock valued at $1,237,582. 8.20% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in DCO. Paradigm Capital Management Inc. NY increased its stake in shares of Ducommun by 33.9% in the second quarter. Paradigm Capital Management Inc. NY now owns 604,695 shares of the aerospace company’s stock worth $19,097,000 after purchasing an additional 153,095 shares in the last quarter. AQR Capital Management LLC increased 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 worth $4,543,000 after purchasing an additional 87,019 shares in the last quarter. Foundry Partners LLC increased its stake in shares of Ducommun by 60.1% in the third quarter. Foundry Partners LLC now owns 208,220 shares of the aerospace company’s stock worth $6,673,000 after purchasing an additional 78,175 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Ducommun by 12.1% in the second quarter. Renaissance Technologies LLC now owns 597,500 shares of the aerospace company’s stock worth $18,869,000 after purchasing an additional 64,400 shares in the last quarter. 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 purchasing an additional 58,559 shares in the last quarter. 79.84% of the stock is owned by hedge funds and other institutional investors.
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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