Ducommun (DCO) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Ducommun (NYSE:DCO) from a hold rating to a buy rating in a research report report published on Wednesday morning.

DCO has been the subject of several other reports. B. Riley decreased their price objective on Ducommun from $40.00 to $39.00 and set a buy rating for the company in a report on Thursday, March 1st. Noble Financial restated a hold rating on shares of Ducommun in a report on Friday, March 2nd. Canaccord Genuity decreased their price objective on Ducommun from $38.00 to $35.00 and set a buy rating for the company in a report on Thursday, March 1st. Zacks Investment Research upgraded Ducommun from a strong sell rating to a hold rating in a report on Wednesday, January 3rd. Finally, TheStreet downgraded Ducommun from a b- rating to a c rating in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $36.25.

How to Become a New Pot Stock Millionaire

NYSE:DCO opened at $30.38 on Wednesday. Ducommun has a twelve month low of $25.06 and a twelve month high of $35.58. The firm has a market cap of $344.54, a PE ratio of 22.84 and a beta of 0.85. The company has a quick ratio of 1.23, a current ratio of 2.75 and a debt-to-equity ratio of 0.92.

Ducommun (NYSE:DCO) last released its earnings results on Wednesday, February 28th. The aerospace company reported $0.41 earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.75. The business had revenue of $142.26 million during the quarter, compared to the consensus estimate of $145.23 million. Ducommun had a return on equity of 6.82% and a net margin of 3.60%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. sell-side analysts anticipate that Ducommun will post 1.65 earnings per share for the current year.

In related news, Director Anthony J. Reardon sold 20,000 shares of Ducommun stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $30.83, for a total value of $616,600.00. Following the completion of the sale, the director now directly owns 42,052 shares in the company, valued at $1,296,463.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.20% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Paradigm Capital Management Inc. NY grew its stake in Ducommun by 10.3% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 698,000 shares of the aerospace company’s stock valued at $19,858,000 after purchasing an additional 64,905 shares during the last quarter. First Trust Advisors LP purchased a new position in Ducommun in the third quarter valued at about $261,000. Royce & Associates LP grew its stake in Ducommun by 4.2% in the fourth quarter. Royce & Associates LP now owns 150,213 shares of the aerospace company’s stock valued at $4,274,000 after purchasing an additional 6,000 shares during the last quarter. OxFORD Asset Management LLP grew its stake in Ducommun by 75.0% in the third quarter. OxFORD Asset Management LLP now owns 58,128 shares of the aerospace company’s stock valued at $1,849,000 after purchasing an additional 24,921 shares during the last quarter. Finally, PEAK6 Investments L.P. purchased a new position in Ducommun in the third quarter valued at about $366,000. Institutional investors own 82.48% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was published by WKRB News and is the sole property of of WKRB News. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.wkrb13.com/2018/04/01/ducommun-dco-rating-increased-to-buy-at-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Ducommun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ducommun and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply