Ducommun Incorporated (NYSE:DCO) Rating Reiterated by Noble Financial
Ducommun Incorporated (NYSE:DCO)‘s stock had its “hold” rating reiterated by Noble Financial in a research report issued on Friday.
DCO has been the subject of a number of other research reports. B. Riley reaffirmed a “neutral” rating and set a $32.50 price target on shares of Ducommun in a report on Tuesday, May 2nd. Zacks Investment Research raised shares of Ducommun from a “hold” rating to a “strong-buy” rating and set a $34.00 price target for the company in a report on Friday. Canaccord Genuity upped their price target on shares of Ducommun from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Friday. Finally, BidaskClub downgraded shares of Ducommun from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $36.25.
Shares of Ducommun (NYSE:DCO) opened at 29.12 on Friday. The firm has a market cap of $328.15 million, a price-to-earnings ratio of 24.01 and a beta of 0.90. The stock’s 50 day moving average is $31.55 and its 200 day moving average is $30.58. Ducommun has a 12-month low of $18.70 and a 12-month high of $35.58.
Ducommun (NYSE:DCO) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.03. Ducommun had a net margin of 2.54% and a return on equity of 7.62%. The company had revenue of $140.90 million during the quarter, compared to the consensus estimate of $138.39 million. During the same quarter in the prior year, the firm posted $0.34 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts expect that Ducommun will post $1.33 earnings per share for the current year.
In related news, CEO Stephen G. Oswald acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The stock was acquired at an average price of $28.56 per share, with a total value of $285,600.00. Following the purchase, the chief executive officer now directly owns 55,700 shares in the company, valued at $1,590,792. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher D. Wampler sold 1,500 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $32.01, for a total transaction of $48,015.00. Following the completion of the transaction, the vice president now directly owns 9,514 shares of the company’s stock, valued at approximately $304,543.14. The disclosure for this sale can be found here. In the last three months, insiders sold 9,000 shares of company stock valued at $289,784. 8.20% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC increased its position in shares of Ducommun by 122.9% in the first quarter. AQR Capital Management LLC now owns 157,807 shares of the aerospace company’s stock valued at $4,543,000 after buying an additional 87,019 shares during the last quarter. James Investment Research Inc. acquired a new position in shares of Ducommun during the first quarter valued at about $2,772,000. State Street Corp boosted its position in shares of Ducommun by 2.5% in the fourth quarter. State Street Corp now owns 182,289 shares of the aerospace company’s stock valued at $4,659,000 after buying an additional 4,489 shares during the period. Alambic Investment Management L.P. boosted its position in shares of Ducommun by 18.9% in the first quarter. Alambic Investment Management L.P. now owns 15,100 shares of the aerospace company’s stock valued at $435,000 after buying an additional 2,400 shares during the period. Finally, Highbridge Capital Management LLC acquired a new position in shares of Ducommun during the first quarter valued at about $556,000. 80.97% 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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