Ducommun (NYSE:DCO) Downgraded to “Sell” at Zacks Investment Research

Ducommun (NYSE:DCO – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Ducommun Incorporated manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Ducommun is a subcontractor to Lockheed Martin on the Space Shuttle external tank and a supplier of components for the Space Shuttle, as well as for the International Space Station. “

Several other research firms have also issued reports on DCO. TheStreet raised shares of Ducommun from a “c+” rating to a “b” rating in a research report on Tuesday, March 8th. StockNews.com raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 24th. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $59.50.

NYSE DCO traded down $2.68 during trading on Tuesday, reaching $52.85. 47,866 shares of the stock traded hands, compared to its average volume of 34,960. The firm has a market cap of $632.72 million, a price-to-earnings ratio of 4.77 and a beta of 1.36. The stock’s 50-day moving average price is $51.82 and its 200 day moving average price is $48.37. The company has a quick ratio of 2.10, a current ratio of 3.03 and a debt-to-equity ratio of 0.59. Ducommun has a fifty-two week low of $40.82 and a fifty-two week high of $60.90.

Ducommun (NYSE:DCO – Get Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The aerospace company reported $0.79 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.79. The firm had revenue of $164.84 million during the quarter, compared to analysts’ expectations of $167.02 million. Ducommun had a net margin of 21.00% and a return on equity of 9.49%. Analysts anticipate that Ducommun will post 3.14 EPS for the current fiscal year.

In related news, Director Robert C. Ducommun sold 2,250 shares of the firm’s stock in a transaction that occurred on Tuesday, March 22nd. The shares were sold at an average price of $52.69, for a total value of $118,552.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jerry L. Redondo sold 6,052 shares of the firm’s stock in a transaction that occurred on Thursday, March 3rd. The shares were sold at an average price of $50.33, for a total transaction of $304,597.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,802 shares of company stock worth $503,025. 10.80% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in Ducommun by 32.7% during the 3rd quarter. Wellington Management Group LLP now owns 472,129 shares of the aerospace company’s stock worth $23,772,000 after acquiring an additional 116,345 shares during the last quarter. Cove Street Capital LLC raised its stake in shares of Ducommun by 15,364.3% during the 3rd quarter. Cove Street Capital LLC now owns 108,250 shares of the aerospace company’s stock worth $5,451,000 after purchasing an additional 107,550 shares during the period. Meros Investment Management LP bought a new stake in shares of Ducommun during the 4th quarter worth $4,623,000. RDST Capital LLC bought a new stake in shares of Ducommun during the 4th quarter worth $3,718,000. Finally, Kennedy Capital Management Inc. raised its stake in shares of Ducommun by 60.2% during the 4th quarter. Kennedy Capital Management Inc. now owns 129,567 shares of the aerospace company’s stock worth $6,060,000 after purchasing an additional 48,679 shares during the period. Institutional investors own 83.32% of the company’s stock.

Ducommun Company Profile (Get Rating)

Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace and defense, industrial, medical, and other industries in the United States. It operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; higher-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, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.

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