Ducommun Incorporated (DCO) Stock Rating Lowered by Zacks Investment Research
Ducommun Incorporated (NYSE:DCO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.
According to Zacks, “Ducommun Incorporated manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Ducommun is a subcontractor to Lockheed Martin on the Space Shuttle external tank and a supplier of components for the Space Shuttle, as well as for the International Space Station. “
Several other research firms have also issued reports on DCO. Sidoti lowered Ducommun from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 17th. BidaskClub lowered Ducommun from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. ValuEngine upgraded Ducommun from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Noble Financial restated a “hold” rating on shares of Ducommun in a research report on Friday, August 4th. Finally, Canaccord Genuity restated a “buy” rating and issued a $36.00 price target on shares of Ducommun in a research report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $36.75.
Ducommun (DCO) traded down $3.38 during trading hours on Thursday, hitting $29.11. The stock had a trading volume of 54,519 shares, compared to its average volume of 44,643. Ducommun has a 1-year low of $20.00 and a 1-year high of $35.58. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.48 and a quick ratio of 1.15. The company has a market cap of $329.76, a price-to-earnings ratio of 21.25 and a beta of 0.87.
Ducommun (NYSE:DCO) last posted its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. Ducommun had a return on equity of 7.28% and a net margin of 2.40%. The business had revenue of $138.70 million for the quarter, compared to analyst estimates of $143.72 million. During the same period last year, the company earned $0.44 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. sell-side analysts predict that Ducommun will post 1.2 earnings per share for the current year.
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In other Ducommun news, Director Anthony J. Reardon sold 4,198 shares of Ducommun stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $31.03, for a total transaction of $130,263.94. Following the transaction, the director now directly owns 92,555 shares in the company, valued at $2,871,981.65. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Anthony J. Reardon sold 7,726 shares of Ducommun stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $27.66, for a total value of $213,701.16. Following the transaction, the director now owns 123,523 shares in the company, valued at $3,416,646.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,701 shares of company stock worth $1,237,582. Corporate insiders own 8.20% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Wilen Investment Management CORP. lifted its holdings in Ducommun by 0.3% during the second quarter. Wilen Investment Management CORP. now owns 32,818 shares of the aerospace company’s stock worth $1,017,000 after acquiring an additional 100 shares in the last quarter. Teachers Advisors LLC lifted its holdings in Ducommun by 0.5% during the second quarter. Teachers Advisors LLC now owns 19,905 shares of the aerospace company’s stock worth $629,000 after acquiring an additional 101 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Ducommun by 0.6% during the second quarter. TIAA CREF Investment Management LLC now owns 28,970 shares of the aerospace company’s stock worth $915,000 after acquiring an additional 177 shares in the last quarter. American International Group Inc. lifted its holdings in Ducommun by 7.1% during the first quarter. American International Group Inc. now owns 6,398 shares of the aerospace company’s stock worth $184,000 after acquiring an additional 422 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Ducommun by 15.5% during the first quarter. Envestnet Asset Management Inc. now owns 3,627 shares of the aerospace company’s stock worth $104,000 after acquiring an additional 488 shares in the last quarter. Hedge funds and other institutional investors own 79.84% 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.
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