Ducommun Incorporated (DCO) Stock Rating Lowered by ValuEngine
Ducommun Incorporated (NYSE:DCO) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
Several other equities analysts also recently commented 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. Zacks Investment Research downgraded Ducommun from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Noble Financial reiterated a “hold” rating on shares of Ducommun in a research note on Friday, August 4th. Canaccord Genuity reissued a “buy” rating and set a $35.00 price objective on shares of Ducommun in a report on Thursday, June 22nd. Finally, B. Riley reissued a “buy” rating and set a $40.00 price objective on shares of Ducommun in a report on Sunday, August 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $36.25.
Shares of Ducommun (NYSE DCO) opened at 32.94 on Monday. Ducommun has a one year low of $18.70 and a one year high of $35.58. The stock has a market capitalization of $372.85 million, a P/E ratio of 27.40 and a beta of 0.86. The company’s 50 day moving average price is $29.13 and its 200 day moving average price is $30.29.
Ducommun (NYSE:DCO) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The company had revenue of $140.90 million during the quarter, compared to the consensus estimate of $138.39 million. Ducommun had a net margin of 2.50% and a return on equity of 7.49%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 earnings per share. On average, equities analysts expect that Ducommun will post $1.32 earnings per share for the current year.
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In related news, Director Anthony J. Reardon sold 1,996 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $27.65, for a total transaction of $55,189.40. Following the transaction, the director now owns 117,602 shares of the company’s stock, valued at $3,251,695.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony J. Reardon sold 3,300 shares of the business’s 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 transaction, the director now directly owns 127,724 shares in the company, valued at approximately $3,523,905.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,701 shares of company stock worth $1,237,582. Company insiders own 8.20% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Teachers Advisors LLC grew its position in Ducommun by 25.0% in the 4th quarter. Teachers Advisors LLC now owns 19,804 shares of the aerospace company’s stock worth $506,000 after purchasing an additional 3,956 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Ducommun by 39.6% during the 1st quarter. Wells Fargo & Company MN now owns 73,453 shares of the aerospace company’s stock worth $2,115,000 after purchasing an additional 20,854 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Ducommun by 8.7% during the 1st quarter. Bank of New York Mellon Corp now owns 49,145 shares of the aerospace company’s stock worth $1,415,000 after purchasing an additional 3,915 shares during the period. Oxford Asset Management bought a new position in shares of Ducommun during the 1st quarter worth about $681,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Ducommun by 15.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,627 shares of the aerospace company’s stock worth $104,000 after purchasing an additional 488 shares during the period. 79.75% 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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