Ducommun Incorporated (NYSE:DCO) – Analysts at B. Riley cut their FY2017 EPS estimates for Ducommun in a note issued to investors on Friday. B. Riley analyst M. Crawford now anticipates that the aerospace company will post earnings per share of $1.19 for the year, down from their previous forecast of $1.20. B. Riley currently has a “Neutral” rating and a $32.50 target price on the stock.
A number of other research analysts have also recently issued reports on the company. Zacks Investment Research cut Ducommun from a “hold” rating to a “sell” rating in a research report on Wednesday, March 8th. Canaccord Genuity reiterated a “buy” rating and issued a $35.00 target price on shares of Ducommun in a research report on Tuesday, April 11th. FBR & Co lifted their target price on Ducommun from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, March 7th. Finally, Noble Financial reiterated a “hold” rating on shares of Ducommun in a research report on Saturday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $33.38.
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Ducommun (NYSE:DCO) traded down 3.56% during midday trading on Monday, hitting $30.90. 36,061 shares of the stock traded hands. The firm’s 50 day moving average is $29.29 and its 200-day moving average is $27.83. Ducommun has a 12-month low of $15.62 and a 12-month high of $35.58. The stock has a market capitalization of $348.21 million, a PE ratio of 25.47 and a beta of 1.09.
Ducommun (NYSE:DCO) last posted its earnings results on Monday, March 6th. The aerospace company reported $0.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. Ducommun had a negative net margin of 7.29% and a positive return on equity of 7.00%. The business had revenue of $142.49 million for the quarter, compared to analyst estimates of $140.12 million. During the same quarter in the prior year, the firm earned ($5.74) EPS. The firm’s quarterly revenue was down 9.0% compared to the same quarter last year.
Several hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in Ducommun by 15.5% in the first quarter. Envestnet Asset Management Inc. now owns 3,627 shares of the aerospace company’s stock valued at $104,000 after buying an additional 488 shares during the period. A.R.T. Advisors LLC purchased a new stake in Ducommun during the fourth quarter valued at $237,000. Dynamic Technology Lab Private Ltd purchased a new stake in Ducommun during the fourth quarter valued at $318,000. Nine Chapters Capital Management LLC purchased a new stake in Ducommun during the first quarter valued at $380,000. Finally, Alambic Investment Management L.P. boosted its stake in Ducommun by 18.9% in the first quarter. Alambic Investment Management L.P. now owns 15,100 shares of the aerospace company’s stock valued at $435,000 after buying an additional 2,400 shares during the period. Institutional investors own 79.96% of the company’s stock.
In other news, VP James S. Heiser sold 1,858 shares of the business’s stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $29.10, for a total transaction of $54,067.80. Following the sale, the vice president now directly owns 12,892 shares in the company, valued at $375,157.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Stephen G. Oswald purchased 10,700 shares of Ducommun stock in a transaction dated Wednesday, March 22nd. The shares were purchased at an average price of $27.13 per share, for a total transaction of $290,291.00. Following the completion of the acquisition, the chief executive officer now owns 24,700 shares of the company’s stock, valued at approximately $670,111. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 28,400 shares of company stock worth $792,274 and have sold 8,431 shares worth $241,656. Insiders own 9.10% of the company’s stock.
Ducommun Company Profile
Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions.
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