Ducommun Incorporated (DCO) Stock Rating Lowered by Zacks Investment Research
Ducommun Incorporated (NYSE:DCO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
According to Zacks, “Ducommun Incorporated manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Ducommun is a subcontractor to Lockheed Martin on the Space Shuttle external tank and a supplier of components for the Space Shuttle, as well as for the International Space Station. “
Several other equities analysts also recently weighed in on the company. ValuEngine downgraded Ducommun from a “buy” rating to a “hold” rating in a research report on Monday. Canaccord Genuity reaffirmed a “buy” rating and issued a $36.00 target price on shares of Ducommun in a research report on Tuesday, September 12th. B. Riley reissued a “buy” rating and set a $40.00 price objective on shares of Ducommun in a research report on Sunday, August 6th. Noble Financial reissued a “hold” rating on shares of Ducommun in a research report on Friday, August 4th. Finally, BidaskClub downgraded Ducommun from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Ducommun presently has an average rating of “Hold” and a consensus target price of $36.25.
Ducommun (NYSE DCO) traded up 1.19% during mid-day trading on Tuesday, reaching $34.09. 9,236 shares of the company were exchanged. The stock has a market capitalization of $385.86 million, a price-to-earnings ratio of 28.36 and a beta of 0.86. The stock’s 50-day moving average price is $29.23 and its 200-day moving average price is $30.32. Ducommun has a 1-year low of $18.70 and a 1-year high of $35.58.
Ducommun (NYSE:DCO) last released its earnings results on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $140.90 million during 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%. Ducommun’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS. On average, equities research analysts anticipate that Ducommun will post $1.32 EPS for the current fiscal year.
In other news, Director Anthony J. Reardon sold 4,198 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $31.03, for a total transaction of $130,263.94. Following the completion of the transaction, the director now directly owns 92,555 shares of the company’s stock, valued at $2,871,981.65. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Anthony J. Reardon sold 7,726 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $27.66, for a total value of $213,701.16. Following the transaction, the director now directly owns 123,523 shares of the company’s stock, valued at $3,416,646.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,701 shares of company stock valued at $1,237,582. Corporate insiders own 8.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in DCO. Envestnet Asset Management Inc. grew its position in shares of Ducommun by 15.5% during the first quarter. Envestnet Asset Management Inc. now owns 3,627 shares of the aerospace company’s stock worth $104,000 after buying an additional 488 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Ducommun by 169.8% during the second quarter. Tower Research Capital LLC TRC now owns 3,400 shares of the aerospace company’s stock worth $107,000 after buying an additional 2,140 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of Ducommun during the first quarter worth about $177,000. American International Group Inc. grew its position in shares of Ducommun by 7.1% during the first quarter. American International Group Inc. now owns 6,398 shares of the aerospace company’s stock worth $184,000 after buying an additional 422 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new position in shares of Ducommun during the second quarter worth about $221,000. 79.75% of the stock is owned by institutional investors and hedge funds.
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.
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