Ducommun Incorporated (NYSE:DCO) has been given an average rating of “Buy” by the seven brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $46.00.
Several equities analysts have recently issued reports on DCO shares. Zacks Investment Research cut Ducommun from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Noble Financial raised Ducommun from a “market perform” rating to an “outperform” rating and set a $49.00 price objective for the company in a report on Friday, March 1st. TheStreet cut Ducommun from a “b-” rating to a “c” rating in a report on Monday, January 7th. Finally, SunTrust Banks started coverage on Ducommun in a report on Wednesday, December 12th. They issued a “buy” rating and a $47.00 price objective for the company.
In related news, Director Robert C. Ducommun sold 685 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $45.60, for a total value of $31,236.00. Following the completion of the transaction, the director now owns 405,315 shares of the company’s stock, valued at approximately $18,482,364. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in Ducommun by 546.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,974 shares of the aerospace company’s stock worth $571,000 after purchasing an additional 11,813 shares during the period. Monarch Partners Asset Management LLC purchased a new stake in Ducommun during the 4th quarter worth approximately $458,000. Ibex Investors LLC purchased a new stake in Ducommun during the 4th quarter worth approximately $220,000. Gabelli Funds LLC increased its stake in Ducommun by 9.1% during the 4th quarter. Gabelli Funds LLC now owns 48,000 shares of the aerospace company’s stock worth $1,743,000 after buying an additional 4,000 shares in the last quarter. Finally, MetLife Investment Advisors LLC increased its stake in Ducommun by 49.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 8,918 shares of the aerospace company’s stock worth $364,000 after buying an additional 2,959 shares in the last quarter. 79.71% of the stock is owned by institutional investors.
DCO traded up $0.13 on Wednesday, reaching $43.03. 1,125 shares of the stock were exchanged, compared to its average volume of 43,376. Ducommun has a fifty-two week low of $27.87 and a fifty-two week high of $47.28. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.47 and a current ratio of 2.27. The stock has a market cap of $490.29 million, a P/E ratio of 21.62 and a beta of 1.09.
Ducommun (NYSE:DCO) last issued its quarterly earnings results on Thursday, February 28th. The aerospace company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.05). Ducommun had a return on equity of 7.36% and a net margin of 1.44%. The firm had revenue of $164.18 million for the quarter, compared to analyst estimates of $157.88 million. Analysts predict that Ducommun will post 2.48 EPS for the current fiscal 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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