Ducommun Incorporated (NYSE:DCO)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity in a note issued to investors on Tuesday. They currently have a $36.00 target price on the aerospace company’s stock. Canaccord Genuity’s price objective would suggest a potential upside of 26.58% from the stock’s current price.
Several other equities research analysts also recently issued reports on the company. BidaskClub downgraded Ducommun from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Noble Financial reiterated a “hold” rating on shares of Ducommun in a report on Friday, August 4th. Zacks Investment Research upgraded Ducommun from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a report on Friday, August 4th. ValuEngine upgraded Ducommun from a “hold” rating to a “buy” rating in a report on Monday. Finally, B. Riley reiterated a “buy” rating and issued a $40.00 price objective on shares of Ducommun in a report on Sunday, August 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $36.25.
Ducommun (NYSE DCO) traded up 1.705% during trading on Tuesday, hitting $28.925. The stock had a trading volume of 50,893 shares. The company has a market cap of $327.40 million, a P/E ratio of 24.064 and a beta of 0.80. Ducommun has a one year low of $18.70 and a one year high of $35.58. The firm has a 50 day moving average of $28.52 and a 200-day moving average of $30.21.
Ducommun (NYSE:DCO) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The firm had revenue of $140.90 million for the quarter, compared to the consensus estimate of $138.39 million. Ducommun had a return on equity of 7.49% and a net margin of 2.50%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 EPS. Equities analysts anticipate that Ducommun will post $1.32 earnings per share for the current fiscal year.
In other news, Director Anthony J. Reardon sold 3,300 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $27.59, for a total transaction of $91,047.00. Following the completion of the transaction, the director now directly owns 127,724 shares of the company’s stock, valued at approximately $3,523,905.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Stephen G. Oswald acquired 10,000 shares of the stock in a transaction dated Thursday, June 29th. The shares were acquired at an average cost of $28.56 per share, with a total value of $285,600.00. Following the completion of the transaction, the chief executive officer now owns 55,700 shares in the company, valued at approximately $1,590,792. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 24,223 shares of company stock worth $704,150. 8.20% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in shares of Ducommun by 122.9% during the 1st quarter. AQR Capital Management LLC now owns 157,807 shares of the aerospace company’s stock worth $4,543,000 after acquiring an additional 87,019 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of Ducommun during the 2nd quarter worth about $496,000. Alambic Investment Management L.P. boosted its position in shares of Ducommun by 18.9% during the 1st quarter. Alambic Investment Management L.P. now owns 15,100 shares of the aerospace company’s stock worth $435,000 after acquiring an additional 2,400 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in shares of Ducommun during the 1st quarter worth about $556,000. Finally, Envestnet Asset Management Inc. boosted its position 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 acquiring an additional 488 shares in the last quarter. 81.16% of the stock is owned by institutional investors and hedge funds.
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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