Ducommun (NYSE:DCO) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Ducommun (NYSE:DCO) from a hold rating to a sell rating in a research note published on Tuesday morning, Zacks.com reports.

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. “

Separately, Royal Bank of Canada assumed coverage on shares of Ducommun in a report on Thursday, October 21st. They set an outperform rating and a $62.00 price target for the company.

Shares of Ducommun stock opened at $45.55 on Tuesday. The company has a 50 day moving average of $46.52 and a 200-day moving average of $49.96. Ducommun has a 1-year low of $41.72 and a 1-year high of $65.40. The company has a current ratio of 3.14, a quick ratio of 2.06 and a debt-to-equity ratio of 0.81. The company has a market cap of $543.09 million, a PE ratio of 16.15 and a beta of 1.45.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Tuesday, November 2nd. The aerospace company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.07. Ducommun had a net margin of 5.38% and a return on equity of 10.80%. The company had revenue of $163.23 million during the quarter, compared to the consensus estimate of $167.77 million. During the same quarter in the prior year, the firm posted $0.69 EPS. Research analysts forecast that Ducommun will post 2.88 earnings per share for the current year.

In related news, CFO Christopher D. Wampler sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, November 12th. The shares were sold at an average price of $50.97, for a total transaction of $76,455.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 10.00% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. US Bancorp DE increased its position in shares of Ducommun by 29.1% during the second quarter. US Bancorp DE now owns 1,931 shares of the aerospace company’s stock worth $106,000 after buying an additional 435 shares during the period. HighTower Advisors LLC increased its position in shares of Ducommun by 44.4% during the second quarter. HighTower Advisors LLC now owns 7,940 shares of the aerospace company’s stock worth $433,000 after buying an additional 2,440 shares during the period. Citigroup Inc. increased its position in shares of Ducommun by 33.5% during the second quarter. Citigroup Inc. now owns 16,639 shares of the aerospace company’s stock worth $908,000 after buying an additional 4,172 shares during the period. Panagora Asset Management Inc. increased its position in shares of Ducommun by 303.9% during the second quarter. Panagora Asset Management Inc. now owns 13,814 shares of the aerospace company’s stock worth $754,000 after buying an additional 10,394 shares during the period. Finally, Deutsche Bank AG increased its position in shares of Ducommun by 0.4% during the second quarter. Deutsche Bank AG now owns 353,114 shares of the aerospace company’s stock worth $19,266,000 after buying an additional 1,288 shares during the period. Hedge funds and other institutional investors own 82.72% of the company’s stock.

About Ducommun

Ducommun, Inc engages in the provision of engineering and manufacturing services to the aerospace, defence, industrial, and medical industries. It operates through the Electronic Systems and Structural Systems business segment. The Electronic Systems segment offers electronic and electromechanical products used in worldwide technology-driven markets.

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