Shares of Ducommun Incorporated (NYSE:DCO) have been given an average recommendation of “Buy” by the nine analysts that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $43.50.
Several analysts have commented on DCO shares. Royal Bank of Canada initiated coverage on shares of Ducommun in a research report on Wednesday, May 20th. They issued an “outperform” rating and a $41.00 price objective on the stock. ValuEngine raised shares of Ducommun from a “sell” rating to a “hold” rating in a research report on Thursday, May 21st. TheStreet lowered shares of Ducommun from a “b-” rating to a “c+” rating in a research report on Thursday, March 26th. Sidoti lowered their price target on shares of Ducommun from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Finally, SunTrust Banks boosted their price target on shares of Ducommun from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, May 1st.
In other news, Director Dean M. Flatt acquired 1,000 shares of Ducommun stock in a transaction that occurred on Monday, March 16th. The stock was bought at an average price of $27.08 per share, with a total value of $27,080.00. Following the completion of the purchase, the director now owns 27,700 shares in the company, valued at $750,116. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert D. Paulson purchased 2,500 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was bought at an average cost of $18.62 per share, with a total value of $46,550.00. Following the purchase, the director now owns 53,867 shares in the company, valued at $1,003,003.54. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 4,500 shares of company stock valued at $94,010. 9.30% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Prudential Financial Inc. grew its stake in Ducommun by 189.6% in the 4th quarter. Prudential Financial Inc. now owns 18,908 shares of the aerospace company’s stock worth $955,000 after buying an additional 12,380 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Ducommun by 80.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 46,083 shares of the aerospace company’s stock worth $2,329,000 after buying an additional 20,546 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Ducommun by 12.7% in the 4th quarter. Bank of New York Mellon Corp now owns 45,849 shares of the aerospace company’s stock valued at $2,317,000 after purchasing an additional 5,183 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Ducommun in the 4th quarter valued at $14,134,000. Finally, Citigroup Inc. boosted its stake in shares of Ducommun by 2,149.3% in the 4th quarter. Citigroup Inc. now owns 33,020 shares of the aerospace company’s stock valued at $1,669,000 after purchasing an additional 31,552 shares in the last quarter. 83.13% of the stock is owned by institutional investors and hedge funds.
DCO stock traded down $2.96 during mid-day trading on Monday, hitting $35.70. The company had a trading volume of 6,248 shares, compared to its average volume of 133,853. The firm has a market cap of $422.04 million, a PE ratio of 12.92 and a beta of 1.25. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.94 and a current ratio of 2.78. Ducommun has a 12 month low of $16.27 and a 12 month high of $57.84. The stock’s fifty day moving average price is $29.47 and its two-hundred day moving average price is $37.37.
Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, April 30th. The aerospace company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.30 by $0.37. The business had revenue of $173.48 million for the quarter, compared to analyst estimates of $170.02 million. Ducommun had a net margin of 4.56% and a return on equity of 11.65%. Equities analysts anticipate that Ducommun will post 1.84 earnings per share for the current year.
Ducommun Company Profile
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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