Ducommun (NYSE:DCO) had its target price upped by SunTrust Banks to $54.00 in a research note published on Tuesday, May 7th, The Fly reports. The brokerage currently has a buy rating on the aerospace company’s stock.
DCO has been the topic of a number of other research reports. Zacks Investment Research upgraded Ducommun from a hold rating to a buy rating and set a $51.00 price target on the stock in a report on Wednesday, March 6th. TheStreet cut Ducommun from a b- rating to a c rating in a report on Monday, January 7th. Finally, Noble Financial upgraded Ducommun from a market perform rating to an outperform rating and set a $49.00 target price on the stock in a report on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Ducommun currently has an average rating of Buy and a consensus target price of $49.17.
DCO traded down $1.23 on Tuesday, hitting $46.69. 107,500 shares of the company traded hands, compared to its average volume of 56,184. The company has a market cap of $547.23 million, a PE ratio of 23.46 and a beta of 1.03. Ducommun has a 12-month low of $31.05 and a 12-month high of $52.04. The company has a quick ratio of 1.51, a current ratio of 2.40 and a debt-to-equity ratio of 0.93.
Ducommun (NYSE:DCO) last issued its earnings results 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. The business had revenue of $172.57 million during the quarter, compared to the consensus estimate of $158.83 million. Ducommun had a return on equity of 9.02% and a net margin of 2.13%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 EPS. As a group, sell-side analysts expect that Ducommun will post 2.46 EPS for the current fiscal year.
In related news, Director Robert C. Ducommun sold 685 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $45.60, for a total value of $31,236.00. Following the transaction, the director now directly owns 405,315 shares of the company’s stock, valued at approximately $18,482,364. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.50% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. First Trust Advisors LP increased its position in shares of Ducommun by 1.1% during the first quarter. First Trust Advisors LP now owns 18,927 shares of the aerospace company’s stock worth $824,000 after acquiring an additional 210 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Ducommun by 0.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,575 shares of the aerospace company’s stock worth $1,809,000 after acquiring an additional 300 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Ducommun during the first quarter worth about $25,000. Algert Global LLC grew its stake in Ducommun by 10.2% in the fourth quarter. Algert Global LLC now owns 7,076 shares of the aerospace company’s stock worth $257,000 after purchasing an additional 655 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new position in Ducommun in the fourth quarter worth about $25,000. 83.69% of the stock is currently owned by institutional investors.
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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