A number of other analysts also recently issued reports on the stock. SunTrust Banks decreased their price objective on shares of Broadcom to $307.00 and set a buy rating for the company in a report on Friday, June 14th. TheStreet upgraded shares of Rent-A-Center from a c rating to a b- rating in a report on Tuesday, May 7th. Noble Financial set a $4.00 price objective on shares of Salem Media Group and gave the stock a buy rating in a report on Monday, May 13th. Zacks Investment Research downgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a hold rating to a strong sell rating in a report on Thursday, May 9th. Finally, Sidoti downgraded shares of Ducommun from a buy rating to a neutral rating and set a $53.00 target price for the company. in a research note on Wednesday, May 22nd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Ducommun presently has a consensus rating of Hold and a consensus price target of $47.67.
NYSE DCO opened at $42.88 on Thursday. Ducommun has a 52-week low of $31.05 and a 52-week high of $52.04. The stock’s 50-day moving average is $44.91. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.40 and a quick ratio of 1.51. The stock has a market capitalization of $493.03 million, a P/E ratio of 21.66 and a beta of 0.78.
Ducommun (NYSE:DCO) last posted its quarterly earnings data on Monday, May 6th. The aerospace company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.15. Ducommun had a net margin of 2.13% and a return on equity of 9.02%. The business had revenue of $172.57 million during the quarter, compared to the consensus estimate of $158.83 million. During the same quarter last year, the company posted $0.25 earnings per share. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, research analysts predict that Ducommun will post 2.41 earnings per share for the current fiscal year.
In other news, Director Robert C. Ducommun sold 2,000 shares of Ducommun stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the transaction, the director now owns 405,715 shares in the company, valued at $18,374,832.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher D. Wampler sold 3,000 shares of Ducommun stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $45.98, for a total transaction of $137,940.00. Following the completion of the transaction, the vice president now owns 9,519 shares of the company’s stock, valued at approximately $437,683.62. The disclosure for this sale can be found here. 8.50% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. lifted its stake in Ducommun by 3.3% during the 2nd quarter. Bessemer Group Inc. now owns 34,900 shares of the aerospace company’s stock valued at $1,573,000 after acquiring an additional 1,100 shares during the period. New York State Teachers Retirement System bought a new position in Ducommun during the 2nd quarter valued at about $41,000. Navellier & Associates Inc bought a new position in Ducommun during the 2nd quarter valued at about $1,661,000. Campbell & CO Investment Adviser LLC bought a new position in Ducommun during the 2nd quarter valued at about $220,000. Finally, Nordea Investment Management AB bought a new position in Ducommun during the 1st quarter valued at about $779,000. Hedge funds and other institutional investors own 83.21% of the company’s stock.
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.
Read More: Asset Allocation
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.