B. Riley Analysts Decrease Earnings Estimates for Ducommun Incorporated (NYSE:DCO)

Ducommun Incorporated (NYSE:DCOGet Rating) – Investment analysts at B. Riley reduced their FY2022 earnings per share (EPS) estimates for shares of Ducommun in a note issued to investors on Tuesday, November 8th. B. Riley analyst M. Crawford now expects that the aerospace company will post earnings of $3.13 per share for the year, down from their previous forecast of $3.37. The consensus estimate for Ducommun’s current full-year earnings is $3.22 per share. B. Riley also issued estimates for Ducommun’s Q4 2022 earnings at $0.88 EPS.

A number of other analysts also recently issued reports on the company. StockNews.com began coverage on Ducommun in a report on Wednesday, October 12th. They set a “buy” rating for the company. Truist Financial decreased their price target on Ducommun from $60.00 to $58.00 in a report on Wednesday, October 12th.

Ducommun Trading Down 2.1 %

DCO opened at $50.17 on Wednesday. Ducommun has a 12 month low of $38.89 and a 12 month high of $58.18. The stock has a market capitalization of $605.70 million, a price-to-earnings ratio of 4.63 and a beta of 1.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.79 and a quick ratio of 1.85. The business has a fifty day moving average price of $43.62 and a 200 day moving average price of $44.94.

Institutional Trading of Ducommun

Institutional investors and hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new stake in Ducommun during the 1st quarter valued at approximately $34,000. Ellevest Inc. raised its stake in Ducommun by 309.0% during the 2nd quarter. Ellevest Inc. now owns 818 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 618 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Ducommun by 104.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,465 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 749 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Ducommun during the 3rd quarter valued at approximately $63,000. Finally, Amalgamated Bank purchased a new stake in Ducommun during the 1st quarter valued at approximately $69,000. 85.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Ducommun news, CFO Christopher D. Wampler sold 1,500 shares of Ducommun stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $44.18, for a total transaction of $66,270.00. Following the completion of the sale, the chief financial officer now directly owns 21,899 shares of the company’s stock, valued at approximately $967,497.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.80% of the stock is owned by company insiders.

About Ducommun

(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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Earnings History and Estimates for Ducommun (NYSE:DCO)

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