B. Riley Has Pessimistic Outlook of Ducommun Q4 Earnings

Ducommun Incorporated (NYSE:DCO - Free Report) - Investment analysts at B. Riley decreased their Q4 2024 EPS estimates for shares of Ducommun in a report issued on Thursday, November 7th. B. Riley analyst M. Crawford now anticipates that the aerospace company will earn $0.53 per share for the quarter, down from their previous forecast of $0.64. The consensus estimate for Ducommun's current full-year earnings is $2.97 per share. B. Riley also issued estimates for Ducommun's Q1 2025 earnings at $0.61 EPS, Q2 2025 earnings at $0.74 EPS, FY2025 earnings at $3.29 EPS and FY2026 earnings at $4.21 EPS.

A number of other research firms also recently commented on DCO. StockNews.com upgraded shares of Ducommun from a "hold" rating to a "buy" rating in a research note on Saturday, August 17th. The Goldman Sachs Group raised shares of Ducommun from a "neutral" rating to a "buy" rating and increased their price target for the stock from $64.00 to $80.00 in a research report on Tuesday, August 13th. Finally, Truist Financial boosted their price objective on Ducommun from $71.00 to $80.00 and gave the company a "buy" rating in a report on Friday. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $73.00.

Ducommun Stock Up 1.4 %

DCO stock traded up $0.92 during trading on Monday, reaching $69.00. The stock had a trading volume of 385,480 shares, compared to its average volume of 77,700. The company has a market capitalization of $1.02 billion, a P/E ratio of 34.62 and a beta of 1.39. The company has a current ratio of 3.06, a quick ratio of 1.97 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average price of $63.84 and a 200 day moving average price of $61.00. Ducommun has a 1-year low of $47.27 and a 1-year high of $70.04.

Ducommun (NYSE:DCO - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.20. The company had revenue of $197.00 million for the quarter, compared to analyst estimates of $194.57 million. Ducommun had a net margin of 3.82% and a return on equity of 7.46%. The business's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets increased its position in shares of Ducommun by 49.7% during the 1st quarter. BNP Paribas Financial Markets now owns 24,918 shares of the aerospace company's stock valued at $1,278,000 after purchasing an additional 8,273 shares during the period. First Eagle Investment Management LLC grew its holdings in Ducommun by 7.6% during the first quarter. First Eagle Investment Management LLC now owns 219,479 shares of the aerospace company's stock worth $11,259,000 after acquiring an additional 15,494 shares during the period. RDST Capital LLC raised its position in Ducommun by 16.8% in the second quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company's stock worth $31,369,000 after acquiring an additional 77,595 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in Ducommun by 70.4% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 112,664 shares of the aerospace company's stock valued at $6,541,000 after acquiring an additional 46,544 shares during the last quarter. Finally, Oliver Luxxe Assets LLC boosted its position in shares of Ducommun by 111.5% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 20,304 shares of the aerospace company's stock valued at $1,337,000 after purchasing an additional 10,702 shares in the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Stephen G. Oswald sold 1,200 shares of the business's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $66.32, for a total transaction of $79,584.00. Following the completion of the transaction, the chief executive officer now owns 341,151 shares in the company, valued at $22,625,134.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, VP Jerry L. Redondo sold 770 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $64.20, for a total transaction of $49,434.00. Following the completion of the transaction, the vice president now directly owns 63,826 shares in the company, valued at approximately $4,097,629.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen G. Oswald sold 1,200 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $66.32, for a total value of $79,584.00. Following the completion of the transaction, the chief executive officer now directly owns 341,151 shares of the company's stock, valued at $22,625,134.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.80% of the stock is owned by company insiders.

About Ducommun

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.