Ducommun (NYSE:DCO) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Ducommun (NYSE:DCOGet Rating) from a strong-buy rating to a buy rating in a report issued on Monday morning.

A number of other equities analysts have also commented on DCO. Zacks Investment Research raised shares of Ducommun from a sell rating to a hold rating in a research report on Friday. TheStreet raised shares of Ducommun from a c+ rating to a b rating in a research report on Tuesday, March 8th. Finally, B. Riley boosted their target price on shares of Ducommun from $68.00 to $72.00 in a research report on Wednesday, May 4th.

NYSE:DCO opened at $46.59 on Monday. Ducommun has a 12 month low of $40.82 and a 12 month high of $58.18. The firm has a market cap of $557.78 million, a price-to-earnings ratio of 4.17 and a beta of 1.29. The company has a quick ratio of 2.10, a current ratio of 2.94 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $52.51 and its 200-day moving average is $48.47.

Ducommun (NYSE:DCOGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The aerospace company reported $0.66 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 period last year, the business earned $0.58 EPS. Research analysts predict that Ducommun will post 3.69 EPS for the current fiscal year.

In other Ducommun news, CEO Stephen G. Oswald sold 5,778 shares of Ducommun stock in a transaction on Friday, May 6th. The shares were sold at an average price of $49.92, for a total transaction of $288,437.76. Following the sale, the chief executive officer now owns 275,141 shares in the company, valued at $13,735,038.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert C. Ducommun sold 1,500 shares of Ducommun stock in a transaction on Thursday, March 24th. The stock was sold at an average price of $53.25, for a total transaction of $79,875.00. The disclosure for this sale can be found here. Insiders have sold 15,580 shares of company stock worth $791,462 in the last ninety days. 10.80% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its stake in shares of Ducommun by 1.1% in the 4th quarter. Wells Fargo & Company MN now owns 25,706 shares of the aerospace company’s stock valued at $1,203,000 after purchasing an additional 278 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of Ducommun by 6.7% in the 3rd quarter. Voya Investment Management LLC now owns 4,690 shares of the aerospace company’s stock valued at $236,000 after purchasing an additional 295 shares in the last quarter. UBS Group AG boosted its stake in shares of Ducommun by 67.7% in the 3rd quarter. UBS Group AG now owns 805 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 325 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Ducommun by 0.3% in the 4th quarter. Northern Trust Corp now owns 110,441 shares of the aerospace company’s stock valued at $5,165,000 after purchasing an additional 330 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Ducommun by 2.5% in the 4th quarter. California State Teachers Retirement System now owns 15,016 shares of the aerospace company’s stock valued at $702,000 after purchasing an additional 369 shares in the last quarter. 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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