Shares of Ducommun Incorporated (NYSE:DCO) have earned a consensus recommendation of “Buy” from the nine brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $43.17.
A number of research analysts have issued reports on DCO shares. Zacks Investment Research cut Ducommun from a “hold” rating to a “sell” rating in a research note on Friday, July 17th. B. Riley began coverage on Ducommun in a research note on Thursday, June 11th. They set a “buy” rating and a $54.00 target price for the company. Royal Bank of Canada started coverage on shares of Ducommun in a research note on Wednesday, May 20th. They issued an “outperform” rating and a $41.00 price target on the stock. SunTrust Banks lowered their price objective on shares of Ducommun from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, July 15th. Finally, Canaccord Genuity raised their price objective on shares of Ducommun from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, June 11th.
A number of large investors have recently modified their holdings of DCO. Paradigm Capital Management Inc. NY increased its position in Ducommun by 4.5% during the first quarter. Paradigm Capital Management Inc. NY now owns 622,015 shares of the aerospace company’s stock worth $15,457,000 after buying an additional 27,000 shares during the last quarter. William Blair Investment Management LLC raised its stake in Ducommun by 92.2% in the 1st quarter. William Blair Investment Management LLC now owns 537,556 shares of the aerospace company’s stock valued at $13,358,000 after acquiring an additional 257,850 shares during the period. State Street Corp lifted its holdings in Ducommun by 1.0% during the 1st quarter. State Street Corp now owns 456,506 shares of the aerospace company’s stock valued at $11,344,000 after purchasing an additional 4,519 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Ducommun by 32.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 453,512 shares of the aerospace company’s stock valued at $22,915,000 after purchasing an additional 110,073 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in Ducommun by 18.6% during the first quarter. Gamco Investors INC. ET AL now owns 366,740 shares of the aerospace company’s stock worth $9,113,000 after purchasing an additional 57,600 shares during the period. Institutional investors and hedge funds own 83.43% of the company’s stock.
Ducommun (NYSE:DCO) last announced its quarterly earnings results on Thursday, July 30th. The aerospace company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.16. The company had revenue of $147.31 million during the quarter, compared to analyst estimates of $145.02 million. Ducommun had a net margin of 4.38% and a return on equity of 10.70%. On average, sell-side analysts forecast that Ducommun will post 1.81 earnings per share for the current year.
Ducommun Company Profile
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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