Noble Financial upgraded shares of Ducommun (NYSE:DCO) from a market perform rating to an outperform rating in a research note released on Tuesday morning, The Fly reports. Noble Financial currently has $50.00 price target on the aerospace company’s stock.
DCO has been the topic of a number of other reports. Sidoti downgraded Ducommun from a buy rating to a neutral rating and set a $53.00 price objective on the stock. in a research note on Wednesday, May 22nd. TheStreet raised Ducommun from a c+ rating to a b rating in a research note on Tuesday, May 7th. Zacks Investment Research raised Ducommun from a strong sell rating to a hold rating in a research note on Thursday, May 9th. ValuEngine downgraded Ducommun from a buy rating to a hold rating in a research note on Thursday, July 18th. Finally, SunTrust Banks downgraded Ducommun from a buy rating to a hold rating and set a $45.00 price objective on the stock. in a research note on Friday, June 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $48.80.
DCO opened at $43.82 on Tuesday. Ducommun has a fifty-two week low of $33.30 and a fifty-two week high of $52.04. The business’s 50-day moving average price is $44.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.29 and a quick ratio of 1.51. The stock has a market cap of $505.25 million, a P/E ratio of 22.02 and a beta of 0.80.
Ducommun (NYSE:DCO) last issued its quarterly earnings data on Monday, August 5th. The aerospace company reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.11. Ducommun had a return on equity of 10.19% and a net margin of 2.97%. The business had revenue of $180.50 million for the quarter, compared to the consensus estimate of $167.92 million. During the same period last year, the business earned $0.14 EPS. The firm’s revenue was up 16.6% compared to the same quarter last year. Equities analysts forecast that Ducommun will post 2.54 earnings per share for the current year.
In related news, Director Robert C. Ducommun sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the transaction, the director now directly owns 405,715 shares of the company’s stock, valued at approximately $18,374,832.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher D. Wampler sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $45.98, for a total value of $137,940.00. Following the completion of the transaction, the vice president now directly owns 9,519 shares in the company, valued at $437,683.62. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Quantamental Technologies LLC bought a new position in Ducommun in the 1st quarter worth approximately $25,000. Macquarie Group Ltd. acquired a new stake in shares of Ducommun during the 4th quarter worth approximately $25,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Ducommun during the 2nd quarter worth approximately $36,000. New York State Teachers Retirement System acquired a new stake in shares of Ducommun during the 2nd quarter worth approximately $41,000. Finally, Bank of Montreal Can grew its holdings in shares of Ducommun by 422.8% during the 2nd quarter. Bank of Montreal Can now owns 1,924 shares of the aerospace company’s stock worth $87,000 after purchasing an additional 1,556 shares in the last quarter. 81.70% of the stock is currently owned by institutional investors.
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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