Ducommun Incorporated (DCO) Upgraded by ValuEngine to Buy
ValuEngine upgraded shares of Ducommun Incorporated (NYSE:DCO) from a hold rating to a buy rating in a research report report published on Monday morning.
Several other brokerages have also recently commented on DCO. BidaskClub cut Ducommun from a sell rating to a strong sell rating in a research report on Tuesday, July 25th. Zacks Investment Research cut Ducommun from a strong-buy rating to a hold rating in a research report on Tuesday, August 8th. Noble Financial reaffirmed a hold rating on shares of Ducommun in a research report on Friday, August 4th. Canaccord Genuity reaffirmed a buy rating and issued a $35.00 target price on shares of Ducommun in a research report on Thursday, June 22nd. Finally, B. Riley reaffirmed a buy rating and issued a $40.00 target price on shares of Ducommun in a research report on Sunday, August 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $36.25.
Ducommun (NYSE DCO) traded up 0.70% during trading on Monday, reaching $28.87. The company had a trading volume of 22,116 shares. The stock has a market cap of $326.78 million, a PE ratio of 24.02 and a beta of 0.80. The company has a 50-day moving average price of $28.35 and a 200 day moving average price of $30.16. Ducommun has a 52-week low of $18.70 and a 52-week high of $35.58.
Ducommun (NYSE:DCO) last issued 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 business had revenue of $140.90 million during the quarter, compared to analysts’ expectations of $138.39 million. Ducommun had a return on equity of 7.49% and a net margin of 2.50%. Ducommun’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. On average, analysts anticipate 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 Ducommun stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $27.65, for a total transaction of $55,189.40. Following the completion of the sale, the director now owns 117,602 shares of the company’s stock, valued at $3,251,695.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Stephen G. Oswald acquired 10,000 shares of Ducommun stock in a transaction that occurred on Thursday, June 29th. The shares were purchased at an average cost of $28.56 per share, with a total value of $285,600.00. Following the transaction, the chief executive officer now owns 55,700 shares of the company’s stock, valued at approximately $1,590,792. The disclosure for this purchase can be found here. In the last three months, insiders have sold 24,223 shares of company stock valued at $704,150. Insiders own 8.20% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Teachers Advisors LLC raised its holdings in Ducommun by 25.0% during the fourth quarter. Teachers Advisors LLC now owns 19,804 shares of the aerospace company’s stock valued at $506,000 after buying an additional 3,956 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Ducommun by 39.6% during the first quarter. Wells Fargo & Company MN now owns 73,453 shares of the aerospace company’s stock valued at $2,115,000 after buying an additional 20,854 shares in the last quarter. LSV Asset Management raised its holdings in Ducommun by 7.9% during the first quarter. LSV Asset Management now owns 292,312 shares of the aerospace company’s stock valued at $8,415,000 after buying an additional 21,425 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Ducommun by 8.7% during the first quarter. Bank of New York Mellon Corp now owns 49,145 shares of the aerospace company’s stock valued at $1,415,000 after buying an additional 3,915 shares in the last quarter. Finally, Oxford Asset Management bought a new position in Ducommun during the first quarter valued at about $681,000. 81.16% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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