Ducommun Incorporated (DCO) Receives $37.50 Consensus Price Target from Brokerages

Ducommun Incorporated (NYSE:DCO) has been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $37.50.

A number of equities research analysts recently issued reports on the stock. ValuEngine downgraded shares of Ducommun from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Ducommun from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. TheStreet raised shares of Ducommun from a “c” rating to a “b-” rating in a research note on Thursday, November 2nd. Sidoti downgraded shares of Ducommun from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 17th. Finally, Noble Financial reaffirmed a “hold” rating on shares of Ducommun in a research note on Friday, November 3rd.

In other Ducommun news, Director Anthony J. Reardon sold 30,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $26.04, for a total transaction of $781,200.00. Following the transaction, the director now owns 82,603 shares in the company, valued at $2,150,982.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen G. Oswald acquired 10,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were purchased at an average price of $26.30 per share, for a total transaction of $263,000.00. Following the transaction, the chief executive officer now directly owns 75,700 shares of the company’s stock, valued at $1,990,910. The disclosure for this purchase can be found here. Insiders own 8.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Tocqueville Asset Management L.P. increased its position in Ducommun by 5.1% during the third quarter. Tocqueville Asset Management L.P. now owns 206,300 shares of the aerospace company’s stock valued at $6,612,000 after acquiring an additional 10,000 shares during the last quarter. Victory Capital Management Inc. bought a new position in Ducommun during the third quarter valued at $1,103,000. Ameriprise Financial Inc. bought a new position in Ducommun during the second quarter valued at $792,000. OxFORD Asset Management LLP increased its position in Ducommun by 75.0% during the third quarter. OxFORD Asset Management LLP now owns 58,128 shares of the aerospace company’s stock valued at $1,849,000 after acquiring an additional 24,921 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Ducommun by 4.2% during the second quarter. Royal Bank of Canada now owns 1,460,820 shares of the aerospace company’s stock valued at $46,133,000 after acquiring an additional 58,559 shares during the last quarter. Institutional investors and hedge funds own 81.64% of the company’s stock.

Ducommun (NYSE:DCO) traded down $0.02 during trading on Monday, reaching $29.22. 60,980 shares of the company were exchanged, compared to its average volume of 83,967. The stock has a market capitalization of $331.01, a P/E ratio of 24.97 and a beta of 0.81. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 0.99. Ducommun has a 52 week low of $25.06 and a 52 week high of $35.58.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.03. The company had revenue of $138.70 million for the quarter, compared to the consensus estimate of $143.72 million. Ducommun had a net margin of 2.40% and a return on equity of 7.20%. Ducommun’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. sell-side analysts anticipate that Ducommun will post 0.59 EPS for the current year.

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About Ducommun

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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