B. Riley Has Bullish Estimate for Ducommun FY2024 Earnings

Ducommun Incorporated (NYSE:DCO - Free Report) - Stock analysts at B. Riley boosted their FY2024 earnings per share estimates for shares of Ducommun in a research note issued to investors on Tuesday, October 22nd. B. Riley analyst M. Crawford now expects that the aerospace company will post earnings per share of $2.70 for the year, up from their prior forecast of $2.54. The consensus estimate for Ducommun's current full-year earnings is $2.93 per share. B. Riley also issued estimates for Ducommun's Q4 2024 earnings at $0.64 EPS, Q1 2025 earnings at $0.68 EPS, Q2 2025 earnings at $0.79 EPS, Q3 2025 earnings at $0.89 EPS, Q4 2025 earnings at $0.98 EPS and FY2025 earnings at $3.34 EPS.

Other equities analysts have also issued reports about the company. StockNews.com raised Ducommun from a "hold" rating to a "buy" rating in a research report on Saturday, August 17th. The Goldman Sachs Group raised shares of Ducommun from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $64.00 to $80.00 in a research report on Tuesday, August 13th. Finally, Truist Financial lowered their price target on shares of Ducommun from $72.00 to $71.00 and set a "buy" rating for the company in a report on Friday, October 18th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $70.75.

Ducommun Stock Up 0.0 %

NYSE:DCO traded up $0.02 during mid-day trading on Wednesday, hitting $62.33. The company had a trading volume of 27,861 shares, compared to its average volume of 76,018. The business has a fifty day simple moving average of $64.36 and a 200-day simple moving average of $60.25. The firm has a market capitalization of $917.25 million, a price-to-earnings ratio of 52.38 and a beta of 1.38. Ducommun has a 1 year low of $45.75 and a 1 year high of $67.04. The company has a current ratio of 3.06, a quick ratio of 1.97 and a debt-to-equity ratio of 0.38.

Ducommun (NYSE:DCO - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.20. Ducommun had a net margin of 2.95% and a return on equity of 6.79%. The company had revenue of $197.00 million during the quarter, compared to analyst estimates of $194.57 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The business's quarterly revenue was up 5.2% compared to the same quarter last year.

Institutional Investors Weigh In On Ducommun

Several institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in Ducommun by 658.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,927 shares of the aerospace company's stock valued at $100,000 after purchasing an additional 1,673 shares during the last quarter. Eastern Bank bought a new stake in shares of Ducommun during the 3rd quarter valued at about $118,000. EntryPoint Capital LLC grew its position in shares of Ducommun by 323.9% during the 1st quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company's stock valued at $129,000 after buying an additional 1,914 shares during the last quarter. Arizona State Retirement System bought a new position in Ducommun in the second quarter worth about $202,000. Finally, SG Americas Securities LLC bought a new position in Ducommun in the third quarter worth about $213,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ducommun

In other news, VP Jerry L. Redondo sold 3,300 shares of the firm's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $60.69, for a total transaction of $200,277.00. Following the completion of the sale, the vice president now owns 63,826 shares of the company's stock, valued at approximately $3,873,599.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Ducommun news, CEO Stephen G. Oswald sold 1,200 shares of the company'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 sale, the chief executive officer now owns 341,151 shares in the company, valued at $22,625,134.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Jerry L. Redondo sold 3,300 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $60.69, for a total value of $200,277.00. Following the transaction, the vice president now directly owns 63,826 shares in the company, valued at approximately $3,873,599.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,270 shares of company stock valued at $329,295 in the last three months. Corporate insiders own 8.80% of the company's stock.

Ducommun Company Profile

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.