Ducommun (NYSE:DCO) Upgraded to “Outperform” at Noble Financial

Ducommun (NYSE:DCO) was upgraded by stock analysts at Noble Financial from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, BenzingaRatingsTable reports. The firm presently has a $50.00 price objective on the aerospace company’s stock. Noble Financial’s price target points to a potential upside of 5.86% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. ValuEngine lowered shares of Ducommun from a “buy” rating to a “hold” rating in a report on Thursday, July 18th. Sidoti lowered shares of Ducommun from a “buy” rating to a “neutral” rating and set a $53.00 price target on the stock. in a report on Wednesday, May 22nd. SunTrust Banks lowered shares of Ducommun from a “buy” rating to a “hold” rating and set a $45.00 price objective on the stock. in a report on Friday, June 14th. TheStreet raised shares of Ducommun from a “c+” rating to a “b” rating in a report on Tuesday, May 7th. Finally, Zacks Investment Research raised shares of Ducommun from a “strong sell” rating to a “hold” rating in a report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Ducommun presently has an average rating of “Hold” and a consensus price target of $47.83.

NYSE DCO traded up $7.90 during trading on Tuesday, hitting $47.23. The stock had a trading volume of 3,805 shares, compared to its average volume of 79,904. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.40 and a quick ratio of 1.51. The stock has a market cap of $464.86 million, a PE ratio of 23.73 and a beta of 0.80. Ducommun has a one year low of $31.05 and a one year high of $52.04. The firm’s 50 day moving average price is $43.88.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Monday, August 5th. The aerospace company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.09. Ducommun had a net margin of 2.13% and a return on equity of 9.02%. The firm had revenue of $180.50 million during the quarter, compared to the consensus estimate of $167.92 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The company’s revenue was up 16.6% on a year-over-year basis. On average, sell-side analysts expect that Ducommun will post 2.41 EPS for the current fiscal year.

In other Ducommun news, Director Robert C. Ducommun sold 2,000 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the transaction, the director now owns 405,715 shares in the company, valued at $18,374,832.35. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Christopher D. Wampler sold 3,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $45.98, for a total transaction of $137,940.00. Following the completion of the transaction, the vice president now owns 9,519 shares of the company’s stock, valued at approximately $437,683.62. The disclosure for this sale can be found here. Insiders own 8.50% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its position in shares of Ducommun by 8.5% during the 4th quarter. Geode Capital Management LLC now owns 109,848 shares of the aerospace company’s stock worth $3,989,000 after purchasing an additional 8,588 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its position in shares of Ducommun by 8.0% during the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 140,572 shares of the aerospace company’s stock worth $6,118,000 after purchasing an additional 10,459 shares during the last quarter. Teton Advisors Inc. raised its position in shares of Ducommun by 12.2% during the 1st quarter. Teton Advisors Inc. now owns 187,335 shares of the aerospace company’s stock worth $8,153,000 after purchasing an additional 20,435 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Ducommun during the 2nd quarter worth about $220,000. Finally, Deutsche Bank AG raised its position in shares of Ducommun by 29.3% during the 4th quarter. Deutsche Bank AG now owns 57,317 shares of the aerospace company’s stock worth $2,079,000 after purchasing an additional 12,988 shares during the last quarter. Institutional investors and hedge funds own 81.70% of the company’s stock.

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.

Featured Story: Momentum Indicators

Analyst Recommendations for Ducommun (NYSE:DCO)

Receive News & Ratings for Ducommun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ducommun and related companies with MarketBeat.com's FREE daily email newsletter.