Ducommun (NYSE:DCO)‘s stock had its “buy” rating reiterated by equities researchers at Noble Financial in a research note issued to investors on Wednesday. They presently have a $42.00 target price on the aerospace company’s stock. Noble Financial’s target price suggests a potential upside of 2.89% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. B. Riley boosted their price target on Ducommun from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. ValuEngine cut Ducommun from a “buy” rating to a “hold” rating in a report on Tuesday, June 5th. Finally, Zacks Investment Research raised Ducommun from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Wednesday, August 8th. Six equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $40.20.

Shares of NYSE DCO opened at $40.82 on Wednesday. The firm has a market capitalization of $462.10 million, a price-to-earnings ratio of 30.69 and a beta of 0.96. The company has a quick ratio of 1.54, a current ratio of 2.38 and a debt-to-equity ratio of 0.92. Ducommun has a fifty-two week low of $25.06 and a fifty-two week high of $41.24.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Monday, August 6th. The aerospace company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.17). Ducommun had a return on equity of 6.87% and a net margin of 3.13%. The business had revenue of $154.83 million for the quarter, compared to analyst estimates of $148.53 million. During the same period last year, the firm posted $0.33 EPS. Ducommun’s quarterly revenue was up 9.9% on a year-over-year basis. equities research analysts forecast that Ducommun will post 1.66 EPS for the current fiscal year.

In other news, Director Robert C. Ducommun sold 5,000 shares of the business’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $40.76, for a total transaction of $203,800.00. Following the completion of the transaction, the director now owns 413,745 shares of the company’s stock, valued at approximately $16,864,246.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.50% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in Ducommun by 165.7% during the 1st quarter. JPMorgan Chase & Co. now owns 6,760 shares of the aerospace company’s stock worth $205,000 after acquiring an additional 4,216 shares during the last quarter. Royce & Associates LP grew its position in Ducommun by 7.6% during the 2nd quarter. Royce & Associates LP now owns 311,090 shares of the aerospace company’s stock worth $10,294,000 after acquiring an additional 22,004 shares during the last quarter. California Public Employees Retirement System grew its position in Ducommun by 12.3% during the 1st quarter. California Public Employees Retirement System now owns 40,860 shares of the aerospace company’s stock worth $1,241,000 after acquiring an additional 4,460 shares during the last quarter. IndexIQ Advisors LLC grew its position in Ducommun by 7.8% during the 2nd quarter. IndexIQ Advisors LLC now owns 72,001 shares of the aerospace company’s stock worth $2,383,000 after acquiring an additional 5,179 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Ducommun by 23.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 27,228 shares of the aerospace company’s stock worth $828,000 after acquiring an additional 5,228 shares during the last quarter. Institutional investors and hedge funds own 80.26% of the company’s stock.

About Ducommun

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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