Ducommun (NYSE:DCO) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Ducommun (NYSE:DCO) from a hold rating to a sell rating in a research note released on Tuesday morning, Zacks.com reports.

According to Zacks, “Ducommun Incorporated manufactures components and assemblies principally for domestic and foreign commercial and military aircraft and space programs. Ducommun is a subcontractor to Lockheed Martin on the Space Shuttle external tank and a supplier of components for the Space Shuttle, as well as for the International Space Station. “

Separately, Royal Bank of Canada initiated coverage on shares of Ducommun in a research report on Thursday, October 21st. They set an outperform rating and a $62.00 price objective on the stock.

Ducommun stock opened at $45.55 on Tuesday. The stock has a market cap of $543.09 million, a P/E ratio of 16.15 and a beta of 1.45. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.14 and a quick ratio of 2.06. Ducommun has a 1 year low of $41.72 and a 1 year high of $65.40. The firm’s 50 day moving average price is $46.52 and its 200-day moving average price is $49.96.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Tuesday, November 2nd. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.07. Ducommun had a net margin of 5.38% and a return on equity of 10.80%. The firm had revenue of $163.23 million for the quarter, compared to analysts’ expectations of $167.77 million. During the same quarter last year, the business posted $0.69 earnings per share. As a group, equities analysts expect that Ducommun will post 2.88 EPS for the current year.

In related news, CFO Christopher D. Wampler sold 1,500 shares of the stock in a transaction that occurred on Friday, November 12th. The shares were sold at an average price of $50.97, for a total value of $76,455.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 10.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. US Bancorp DE lifted its stake in Ducommun by 29.1% during the second quarter. US Bancorp DE now owns 1,931 shares of the aerospace company’s stock worth $106,000 after purchasing an additional 435 shares during the last quarter. HighTower Advisors LLC grew its holdings in Ducommun by 44.4% during the second quarter. HighTower Advisors LLC now owns 7,940 shares of the aerospace company’s stock worth $433,000 after acquiring an additional 2,440 shares during the period. Citigroup Inc. boosted its position in Ducommun by 33.5% during the second quarter. Citigroup Inc. now owns 16,639 shares of the aerospace company’s stock worth $908,000 after purchasing an additional 4,172 shares in the last quarter. Panagora Asset Management Inc. lifted its position in shares of Ducommun by 303.9% in the second quarter. Panagora Asset Management Inc. now owns 13,814 shares of the aerospace company’s stock valued at $754,000 after acquiring an additional 10,394 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in Ducommun by 0.4% in the second quarter. Deutsche Bank AG now owns 353,114 shares of the aerospace company’s stock valued at $19,266,000 after purchasing an additional 1,288 shares during the last quarter. Institutional investors own 82.72% of the company’s stock.

Ducommun Company Profile

Ducommun, Inc engages in the provision of engineering and manufacturing services to the aerospace, defence, industrial, and medical industries. It operates through the Electronic Systems and Structural Systems business segment. The Electronic Systems segment offers electronic and electromechanical products used in worldwide technology-driven markets.

Further Reading: Price to Earnings Ratio (PE)

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