Ducommun Incorporated (NYSE:DCO) Receives Average Recommendation of “Hold” from Brokerages

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Shares of Ducommun Incorporated (NYSE:DCO) have been assigned an average rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $45.75.

A number of research firms recently weighed in on DCO. Zacks Investment Research lowered Ducommun from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Sidoti decreased their target price on Ducommun from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Noble Financial raised Ducommun from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Tuesday, August 6th. Finally, ValuEngine raised Ducommun from a “sell” rating to a “hold” rating in a report on Thursday.

In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $46.50, for a total value of $46,500.00. Following the transaction, the director now directly owns 404,715 shares of the company’s stock, valued at approximately $18,819,247.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert C. Ducommun sold 600 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $46.62, for a total value of $27,972.00. Following the completion of the transaction, the director now directly owns 404,115 shares in the company, valued at $18,839,841.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,900 shares of company stock worth $172,797. Insiders own 8.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB bought a new position in shares of Ducommun during the 1st quarter valued at about $779,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Ducommun during the 2nd quarter valued at about $220,000. Navellier & Associates Inc bought a new position in shares of Ducommun during the 2nd quarter valued at about $1,661,000. New York State Teachers Retirement System bought a new position in shares of Ducommun during the 2nd quarter valued at about $41,000. Finally, Bessemer Group Inc. boosted its position in shares of Ducommun by 3.3% during the 2nd quarter. Bessemer Group Inc. now owns 34,900 shares of the aerospace company’s stock valued at $1,573,000 after purchasing an additional 1,100 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

Shares of DCO stock traded down $2.57 during trading on Friday, reaching $47.01. 86,877 shares of the company’s stock were exchanged, compared to its average volume of 71,900. The company has a quick ratio of 1.46, a current ratio of 2.35 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $573.30 million, a PE ratio of 23.62 and a beta of 0.76. Ducommun has a twelve month low of $33.30 and a twelve month high of $52.04. The firm’s fifty day moving average price is $42.26 and its 200-day moving average price is $43.52.

Ducommun (NYSE:DCO) last posted its earnings results on Wednesday, October 30th. The aerospace company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. The business had revenue of $181.10 million for the quarter, compared to analyst estimates of $174.05 million. Ducommun had a return on equity of 10.70% and a net margin of 3.47%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 EPS. As a group, analysts anticipate that Ducommun will post 2.61 EPS for the current fiscal year.

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.

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