Ducommun Incorporated (NYSE:DCO) – Equities research analysts at B. Riley lowered their FY2017 earnings estimates for Ducommun in a report issued on Monday. B. Riley analyst M. Crawford now expects that the aerospace company will post earnings per share of $1.25 for the year, down from their previous estimate of $1.47. B. Riley currently has a “Buy” rating and a $40.00 target price on the stock. B. Riley also issued estimates for Ducommun’s Q4 2017 earnings at $0.45 EPS.

DCO has been the topic of several other reports. Zacks Investment Research lowered shares of Ducommun from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. ValuEngine raised shares of Ducommun from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. Canaccord Genuity increased their target price on shares of Ducommun from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday. BidaskClub lowered shares of Ducommun from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Finally, Noble Financial reaffirmed a “hold” rating on shares of Ducommun in a research note 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 assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $36.75.

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Ducommun (NYSE:DCO) last posted its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. Ducommun had a net margin of 2.50% and a return on equity of 7.49%. The business had revenue of $138.70 million for the quarter, compared to analysts’ expectations of $143.72 million. During the same period in the previous year, the firm posted $0.44 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year.

Several institutional investors have recently added to or reduced their stakes in DCO. Envestnet Asset Management Inc. lifted its position in shares of Ducommun by 15.5% during the first quarter. Envestnet Asset Management Inc. now owns 3,627 shares of the aerospace company’s stock valued at $104,000 after purchasing an additional 488 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Ducommun by 169.8% during the second quarter. Tower Research Capital LLC TRC now owns 3,400 shares of the aerospace company’s stock valued at $107,000 after purchasing an additional 2,140 shares in the last quarter. American International Group Inc. lifted its position in shares of Ducommun by 7.1% during the first quarter. American International Group Inc. now owns 6,398 shares of the aerospace company’s stock valued at $184,000 after purchasing an additional 422 shares in the last quarter. Alliancebernstein L.P. bought a new position in shares of Ducommun during the second quarter valued at about $221,000. Finally, First Trust Advisors LP bought a new position in shares of Ducommun during the third quarter valued at about $261,000. 79.84% of the stock is currently owned by hedge funds and other institutional investors.

In other Ducommun news, Director Anthony J. Reardon sold 11,908 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $30.11, for a total value of $358,549.88. Following the transaction, the director now directly owns 103,546 shares of the company’s stock, valued at $3,117,770.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony J. Reardon sold 7,726 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $27.66, for a total transaction of $213,701.16. Following the completion of the transaction, the director now directly owns 123,523 shares in the company, valued at $3,416,646.18. The disclosure for this sale can be found here. Insiders sold 42,701 shares of company stock worth $1,237,582 over the last ninety days. Insiders own 8.20% of the company’s stock.

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.

Earnings History and Estimates for Ducommun (NYSE:DCO)

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