Ducommun (NYSE:DCO) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Ducommun (NYSE:DCOGet Rating) from a sell rating to a hold rating in a research report sent to investors on Friday morning, 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. “

Other equities research analysts have also issued research reports about the stock. B. Riley lifted their target price on shares of Ducommun from $68.00 to $72.00 in a research note on Wednesday. StockNews.com upgraded shares of Ducommun from a buy rating to a strong-buy rating in a report on Thursday, March 24th. Finally, TheStreet upgraded shares of Ducommun from a c+ rating to a b rating in a report on Tuesday, March 8th.

Shares of NYSE:DCO traded down $0.54 during trading on Friday, reaching $50.15. 38,043 shares of the company traded hands, compared to its average volume of 38,449. The firm has a fifty day simple moving average of $52.57 and a 200 day simple moving average of $48.48. The firm has a market cap of $600.30 million, a P/E ratio of 4.49 and a beta of 1.29. Ducommun has a 1-year low of $40.82 and a 1-year high of $58.65. The company has a quick ratio of 2.10, a current ratio of 2.94 and a debt-to-equity ratio of 0.51.

Ducommun (NYSE:DCOGet Rating) last issued its earnings results on Tuesday, May 3rd. The aerospace company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. Ducommun had a net margin of 21.01% and a return on equity of 8.91%. During the same quarter last year, the company posted $0.58 earnings per share. As a group, research analysts anticipate that Ducommun will post 3.16 EPS for the current year.

In related news, VP Jerry L. Redondo sold 6,052 shares of Ducommun stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $50.33, for a total value of $304,597.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Stephen G. Oswald sold 5,778 shares of Ducommun stock in a transaction on Friday, May 6th. The stock was sold at an average price of $49.92, for a total transaction of $288,437.76. Following the completion of the transaction, the chief executive officer now owns 275,141 shares in the company, valued at approximately $13,735,038.72. The disclosure for this sale can be found here. Insiders have sold a total of 15,580 shares of company stock worth $791,462 in the last 90 days. 10.80% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in Ducommun by 1.1% in the 4th quarter. Wells Fargo & Company MN now owns 25,706 shares of the aerospace company’s stock worth $1,203,000 after acquiring an additional 278 shares during the period. Voya Investment Management LLC raised its holdings in Ducommun by 6.7% in the 3rd quarter. Voya Investment Management LLC now owns 4,690 shares of the aerospace company’s stock worth $236,000 after acquiring an additional 295 shares during the period. UBS Group AG raised its holdings in Ducommun by 67.7% in the 3rd quarter. UBS Group AG now owns 805 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 325 shares during the period. Northern Trust Corp raised its holdings in Ducommun by 0.3% in the 4th quarter. Northern Trust Corp now owns 110,441 shares of the aerospace company’s stock worth $5,165,000 after acquiring an additional 330 shares during the period. Finally, California State Teachers Retirement System raised its holdings in Ducommun by 2.5% in the 4th quarter. California State Teachers Retirement System now owns 15,016 shares of the aerospace company’s stock worth $702,000 after acquiring an additional 369 shares during the period. Hedge funds and other institutional investors own 84.20% 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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