B. Riley Issues Optimistic Forecast for Ducommun Earnings

Ducommun Incorporated (NYSE:DCO) – Equities researchers at B. Riley raised their FY2024 earnings per share (EPS) estimates for Ducommun in a note issued to investors on Tuesday, October 22nd. B. Riley analyst M. Crawford now anticipates that the aerospace company will earn $2.70 per share for the year, up from their previous estimate 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.

DCO has been the topic of several other research reports. StockNews.com raised Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. Truist Financial cut their price objective on shares of Ducommun from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Finally, The Goldman Sachs Group upgraded shares of Ducommun from a “neutral” rating to a “buy” rating and upped their target price for the stock from $64.00 to $80.00 in a research note on Tuesday, August 13th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $70.75.

Ducommun Trading Down 1.1 %

DCO opened at $61.42 on Wednesday. The firm has a market capitalization of $903.86 million, a PE ratio of 51.61 and a beta of 1.38. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.06 and a quick ratio of 1.97. Ducommun has a fifty-two week low of $45.82 and a fifty-two week high of $67.04. The company’s 50-day moving average is $64.29 and its 200 day moving average is $60.26.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, beating 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 business had revenue of $197.00 million during the quarter, compared to the consensus estimate of $194.57 million. During the same quarter last year, the firm posted $0.54 EPS. Ducommun’s revenue was up 5.2% compared to the same quarter last year.

Insiders Place Their Bets

In other news, VP Jerry L. Redondo sold 770 shares of Ducommun stock in a transaction 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 sale, the vice president now directly owns 63,826 shares in the company, valued at $4,097,629.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, VP Jerry L. Redondo sold 770 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were 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 of the company’s stock, valued at $4,097,629.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen G. Oswald sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were 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 owns 341,151 shares in the company, valued at approximately $22,625,134.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,270 shares of company stock valued at $329,295. Insiders own 8.80% of the company’s stock.

Institutional Investors Weigh In On Ducommun

Several large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of Ducommun by 658.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,927 shares of the aerospace company’s stock worth $100,000 after purchasing an additional 1,673 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in Ducommun in the 1st quarter valued at approximately $295,000. Commonwealth Equity Services LLC grew its stake in Ducommun by 10.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 43,679 shares of the aerospace company’s stock valued at $2,241,000 after buying an additional 4,150 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Ducommun by 49.7% during the first quarter. BNP Paribas Financial Markets now owns 24,918 shares of the aerospace company’s stock worth $1,278,000 after acquiring an additional 8,273 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Ducommun by 9.0% during the first quarter. Janney Montgomery Scott LLC now owns 12,132 shares of the aerospace company’s stock worth $622,000 after acquiring an additional 999 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

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.