Ducommun Incorporated (DCO) Receives $37.67 Average Target Price from Brokerages
Ducommun Incorporated (NYSE:DCO) has earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $37.67.
A number of equities analysts have weighed in on DCO shares. BidaskClub lowered Ducommun from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Sidoti lowered Ducommun from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 17th. Canaccord Genuity boosted their target price on Ducommun from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. ValuEngine raised Ducommun from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Finally, Zacks Investment Research lowered Ducommun from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd.
Shares of Ducommun (NYSE DCO) traded down $3.55 during midday trading on Wednesday, hitting $29.11. The company had a trading volume of 54,519 shares, compared to its average volume of 45,608. The firm has a market cap of $329.76 million, a PE ratio of 23.72 and a beta of 0.87. Ducommun has a 1 year low of $20.00 and a 1 year high of $35.58. 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 announced its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. The company had revenue of $138.70 million for the quarter, compared to analysts’ expectations of $143.72 million. Ducommun had a net margin of 2.40% and a return on equity of 7.28%. Ducommun’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. research analysts forecast that Ducommun will post 1.2 EPS for the current year.
In other news, Director Anthony J. Reardon sold 7,726 shares of the company’s stock in a transaction dated 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 sale, the director now owns 123,523 shares of the company’s stock, valued at approximately $3,416,646.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony J. Reardon sold 3,300 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $27.59, for a total transaction of $91,047.00. Following the sale, the director now directly owns 127,724 shares of the company’s stock, valued at approximately $3,523,905.16. The disclosure for this sale can be found here. Insiders have sold a total of 42,701 shares of company stock valued at $1,237,582 in the last ninety days. Insiders own 8.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Ducommun during the 2nd quarter valued at about $496,000. AQR Capital Management LLC increased its position in shares of Ducommun by 122.9% during the 1st quarter. AQR Capital Management LLC now owns 157,807 shares of the aerospace company’s stock valued at $4,543,000 after purchasing an additional 87,019 shares during the last quarter. Royal Bank of Canada increased its position in shares of Ducommun by 4.2% during the 2nd quarter. Royal Bank of Canada now owns 1,460,820 shares of the aerospace company’s stock valued at $46,133,000 after purchasing an additional 58,559 shares during the last quarter. Highbridge Capital Management LLC purchased a new stake in shares of Ducommun during the 1st quarter valued at about $556,000. Finally, Vanguard Group Inc. increased its position in shares of Ducommun by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 441,569 shares of the aerospace company’s stock valued at $12,712,000 after purchasing an additional 29,007 shares during the last quarter. 79.84% of the stock is owned by hedge funds and other institutional investors.
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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