Analysts Set Ducommun Incorporated (DCO) Target Price at $37.00

Shares of Ducommun Incorporated (NYSE:DCO) have been given an average rating of “Hold” by the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $37.00.

A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Ducommun from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. ValuEngine lowered shares of Ducommun from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Canaccord Genuity reissued a “buy” rating and set a $36.00 target price on shares of Ducommun in a research note on Tuesday, September 12th. B. Riley reissued a “buy” rating and set a $40.00 target price on shares of Ducommun in a research note on Sunday, August 6th. Finally, Noble Financial reissued a “hold” rating on shares of Ducommun in a research note on Friday, August 4th.

Ducommun (DCO) traded up 1.35% during midday trading on Friday, hitting $34.54. 30,936 shares of the stock traded hands. The firm’s 50-day moving average is $29.64 and its 200-day moving average is $30.46. The company has a market cap of $390.96 million, a price-to-earnings ratio of 28.74 and a beta of 0.86. Ducommun has a 52-week low of $18.70 and a 52-week high of $35.58.

Ducommun (NYSE:DCO) last issued its earnings results on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.03. The firm had revenue of $140.90 million during the quarter, compared to analyst estimates of $138.39 million. Ducommun had a net margin of 2.50% and a return on equity of 7.49%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 earnings per share. Analysts predict that Ducommun will post $1.32 EPS for the current year.

WARNING: “Analysts Set Ducommun Incorporated (DCO) Target Price at $37.00” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/10/analysts-set-ducommun-incorporated-dco-target-price-at-37-00.html.

In related news, Director Anthony J. Reardon sold 7,726 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $27.66, for a total value of $213,701.16. Following the completion of the sale, the director now directly owns 123,523 shares of the company’s stock, valued at $3,416,646.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Anthony J. Reardon sold 11,908 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $30.11, for a total transaction of $358,549.88. Following the completion of the sale, the director now directly owns 103,546 shares of the company’s stock, valued at $3,117,770.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,701 shares of company stock valued at $1,237,582. 8.20% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in DCO. Teachers Advisors LLC lifted its stake in Ducommun by 25.0% in the fourth quarter. Teachers Advisors LLC now owns 19,804 shares of the aerospace company’s stock worth $506,000 after acquiring an additional 3,956 shares during the period. Wells Fargo & Company MN lifted its stake in Ducommun by 39.6% in the first quarter. Wells Fargo & Company MN now owns 73,453 shares of the aerospace company’s stock worth $2,115,000 after acquiring an additional 20,854 shares during the period. Bank of New York Mellon Corp lifted its stake in Ducommun by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 49,145 shares of the aerospace company’s stock worth $1,415,000 after acquiring an additional 3,915 shares during the period. Oxford Asset Management purchased a new stake in Ducommun in the first qua

A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Ducommun from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. ValuEngine lowered shares of Ducommun from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Canaccord Genuity reissued a “buy” rating and set a $36.00 target price on shares of Ducommun in a research note on Tuesday, September 12th. B. Riley reissued a “buy” rating and set a $40.00 target price on shares of Ducommun in a research note on Sunday, August 6th. Finally, Noble Financial reissued a “hold” rating on shares of Ducommun in a research note on Friday, August 4th.

Ducommun (DCO) traded up 1.35% during midday trading on Friday, hitting $34.54. 30,936 shares of the stock traded hands. The firm’s 50-day moving average is $29.64 and its 200-day moving average is $30.46. The company has a market cap of $390.96 million, a price-to-earnings ratio of 28.74 and a beta of 0.86. Ducommun has a 52-week low of $18.70 and a 52-week high of $35.58.

Ducommun (NYSE:DCO) last issued its earnings results on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.03. The firm had revenue of $140.90 million during the quarter, compared to analyst estimates of $138.39 million. Ducommun had a net margin of 2.50% and a return on equity of 7.49%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 earnings per share. Analysts predict that Ducommun will post $1.32 EPS for the current year.

WARNING: “Analysts Set Ducommun Incorporated (DCO) Target Price at $37.00” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/10/analysts-set-ducommun-incorporated-dco-target-price-at-37-00.html.

In related news, Director Anthony J. Reardon sold 7,726 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $27.66, for a total value of $213,701.16. Following the completion of the sale, the director now directly owns 123,523 shares of the company’s stock, valued at $3,416,646.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Anthony J. Reardon sold 11,908 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $30.11, for a total transaction of $358,549.88. Following the completion of the sale, the director now directly owns 103,546 shares of the company’s stock, valued at $3,117,770.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,701 shares of company stock valued at $1,237,582. 8.20% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in DCO. Teachers Advisors LLC lifted its stake in Ducommun by 25.0% in the fourth quarter. Teachers Advisors LLC now owns 19,804 shares of the aerospace company’s stock worth $506,000 after acquiring an additional 3,956 shares during the period. Wells Fargo & Company MN lifted its stake in Ducommun by 39.6% in the first quarter. Wells Fargo & Company MN now owns 73,453 shares of the aerospace company’s stock worth $2,115,000 after acquiring an additional 20,854 shares during the period. Bank of New York Mellon Corp lifted its stake in Ducommun by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 49,145 shares of the aerospace company’s stock worth $1,415,000 after acquiring an additional 3,915 shares during the period. Oxford Asset Management purchased a new stake in Ducommun in the first quarter worth about $681,000. Finally, Envestnet Asset Management Inc. lifted 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 worth $104,000 after acquiring an additional 488 shares during the period. 79.75% of the stock is owned by institutional investors.

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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