Ducommun (NYSE:DCO) Cut to “Hold” at SunTrust Banks

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SunTrust Banks downgraded shares of Ducommun (NYSE:DCO) from a buy rating to a hold rating in a report released on Friday, BenzingaRatingsTable reports. The firm currently has $45.00 target price on the aerospace company’s stock.

Several other research firms have also recently issued reports on DCO. Sidoti cut Ducommun from a buy rating to a neutral rating and set a $53.00 price objective for the company. in a research report on Wednesday, May 22nd. TheStreet upgraded Ducommun from a c+ rating to a b rating in a research report on Tuesday, May 7th. Noble Financial lowered Ducommun from an outperform rating to a market perform rating in a report on Monday, May 13th. Finally, Zacks Investment Research raised Ducommun from a strong sell rating to a hold rating in a report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $47.67.

NYSE:DCO opened at $42.25 on Friday. The business has a fifty day simple moving average of $46.41. The stock has a market capitalization of $504.76 million, a PE ratio of 21.23 and a beta of 0.83. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.40 and a quick ratio of 1.51. Ducommun has a 1 year low of $31.05 and a 1 year high of $52.04.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Monday, May 6th. The aerospace company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.15. The firm had revenue of $172.57 million during the quarter, compared to analysts’ expectations of $158.83 million. Ducommun had a return on equity of 9.02% and a net margin of 2.13%. Ducommun’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 earnings per share. Sell-side analysts anticipate that Ducommun will post 2.46 EPS for the current fiscal year.

In related news, VP Christopher D. Wampler sold 3,000 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $45.98, for a total transaction of $137,940.00. Following the sale, the vice president now owns 9,519 shares of the company’s stock, valued at $437,683.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert C. Ducommun sold 685 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $45.60, for a total value of $31,236.00. Following the sale, the director now directly owns 405,315 shares in the company, valued at approximately $18,482,364. The disclosure for this sale can be found here. 8.50% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of DCO. Monarch Partners Asset Management LLC acquired a new stake in Ducommun in the 4th quarter worth about $458,000. Ibex Investors LLC acquired a new stake in Ducommun in the 4th quarter worth about $220,000. Geode Capital Management LLC boosted its stake in Ducommun by 8.5% in the 4th quarter. Geode Capital Management LLC now owns 109,848 shares of the aerospace company’s stock worth $3,989,000 after buying an additional 8,588 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its stake in Ducommun by 8.0% in the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 140,572 shares of the aerospace company’s stock worth $6,118,000 after buying an additional 10,459 shares during the last quarter. Finally, AlphaOne Investment Services LLC acquired a new stake in Ducommun in the 4th quarter worth about $2,760,000. 83.69% of the stock is currently owned by institutional investors and hedge funds.

About Ducommun

Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace, defense, industrial, natural resources, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment offers cable assemblies and interconnect systems; printed circuit board assemblies; high-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, wire harnesses, surge suppressors, conformal shields, and other assemblies.

Read More: How To Calculate Debt-to-Equity Ratio

Analyst Recommendations for Ducommun (NYSE:DCO)

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