Ducommun Incorporated (DCO) Upgraded to “Buy” by Sidoti
Sidoti upgraded shares of Ducommun Incorporated (NYSE:DCO) from a neutral rating to a buy rating in a research report sent to investors on Monday. The firm currently has $37.00 price target on the aerospace company’s stock.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Ducommun from a hold rating to a sell rating in a research note on Tuesday, October 3rd. Canaccord Genuity increased their price target on shares of Ducommun from $36.00 to $38.00 and gave the stock a buy rating in a research note on Tuesday, October 31st. ValuEngine raised shares of Ducommun from a hold rating to a buy rating in a research note on Monday, September 11th. BidaskClub downgraded shares of Ducommun from a sell rating to a strong sell rating in a research note on Tuesday, July 25th. Finally, TheStreet raised shares of Ducommun from a c rating to a b- rating in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Ducommun has an average rating of Hold and an average price target of $36.80.
Ducommun (DCO) traded up $0.02 during trading on Monday, hitting $25.83. 196,800 shares of the stock were exchanged, compared to its average volume of 74,823. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $292.38, a price-to-earnings ratio of 18.84 and a beta of 0.87. Ducommun has a one year low of $24.23 and a one year high of $35.58.
Ducommun (NYSE:DCO) last posted its earnings results on Wednesday, November 1st. The aerospace company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. The company had revenue of $138.70 million during the quarter, compared to analyst estimates of $143.72 million. Ducommun had a net margin of 2.40% and a return on equity of 7.20%. Ducommun’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. sell-side analysts anticipate that Ducommun will post 0.59 earnings per share for the current year.
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In other Ducommun news, Director Anthony J. Reardon sold 11,908 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $30.11, for a total transaction of $358,549.88. Following the completion of the transaction, the director now owns 103,546 shares of the company’s stock, valued at $3,117,770.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen G. Oswald bought 10,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were acquired at an average cost of $27.39 per share, with a total value of $273,900.00. Following the purchase, the chief executive officer now directly owns 65,700 shares of the company’s stock, valued at approximately $1,799,523. The disclosure for this purchase can be found here. Insiders have sold 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.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in shares of Ducommun by 4.2% during the second 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Ducommun by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 950,845 shares of the aerospace company’s stock valued at $30,475,000 after purchasing an additional 6,052 shares in the last quarter. Paradigm Capital Management Inc. NY increased its stake in shares of Ducommun by 4.7% during the third quarter. Paradigm Capital Management Inc. NY now owns 633,095 shares of the aerospace company’s stock valued at $20,291,000 after purchasing an additional 28,400 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Ducommun by 12.1% during the second quarter. Renaissance Technologies LLC now owns 597,500 shares of the aerospace company’s stock valued at $18,869,000 after purchasing an additional 64,400 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Ducommun by 3.7% during the second quarter. Vanguard Group Inc. now owns 457,773 shares of the aerospace company’s stock valued at $14,456,000 after purchasing an additional 16,204 shares in the last quarter. 81.07% of the stock is owned by institutional investors and hedge funds.
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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