Noble Financial Downgrades Ducommun (DCO) to Market Perform

Ducommun (NYSE:DCO) was downgraded by research analysts at Noble Financial from an “outperform” rating to a “market perform” rating in a note issued to investors on Thursday, The Fly reports.

Several other equities analysts also recently issued reports on DCO. Zacks Investment Research raised shares of Ducommun from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Wednesday, August 8th. B. Riley increased their price objective on shares of Ducommun from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $40.20.

DCO traded up $1.70 during midday trading on Thursday, hitting $42.18. 47,362 shares of the company traded hands, compared to its average volume of 35,680. The company has a quick ratio of 1.54, a current ratio of 2.34 and a debt-to-equity ratio of 0.90. The company has a market cap of $504.68 million, a price-to-earnings ratio of 31.71 and a beta of 1.11. Ducommun has a 52-week low of $25.06 and a 52-week high of $45.62.

Ducommun (NYSE:DCO) last posted its quarterly earnings data on Monday, November 5th. The aerospace company reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.14). The company had revenue of $159.80 million for the quarter, compared to analysts’ expectations of $153.04 million. Ducommun had a net margin of 2.94% and a return on equity of 7.29%. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 earnings per share. On average, research analysts forecast that Ducommun will post 1.84 EPS for the current year.

In other Ducommun news, Director Robert C. Ducommun sold 5,000 shares of the stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $40.76, for a total transaction of $203,800.00. Following the transaction, the director now directly owns 413,745 shares of the company’s stock, valued at $16,864,246.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 8.20% of the company’s stock.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Ducommun by 4.0% in the third quarter. BlackRock Inc. now owns 768,188 shares of the aerospace company’s stock worth $31,374,000 after buying an additional 29,399 shares in the last quarter. Royce & Associates LP lifted its stake in shares of Ducommun by 7.6% in the second quarter. Royce & Associates LP now owns 311,090 shares of the aerospace company’s stock worth $10,294,000 after buying an additional 22,004 shares in the last quarter. Ingalls & Snyder LLC lifted its stake in shares of Ducommun by 6.9% in the second quarter. Ingalls & Snyder LLC now owns 266,786 shares of the aerospace company’s stock worth $8,828,000 after buying an additional 17,310 shares in the last quarter. HPM Partners LLC lifted its stake in shares of Ducommun by 4.3% in the second quarter. HPM Partners LLC now owns 168,794 shares of the aerospace company’s stock worth $5,585,000 after buying an additional 7,021 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. lifted its stake in shares of Ducommun by 42.9% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 132,002 shares of the aerospace company’s stock worth $4,368,000 after buying an additional 39,626 shares in the last quarter. 80.40% of the stock is currently owned by hedge funds and other 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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