B. Riley Issues Negative Estimate for Ducommun Earnings

Ducommun Incorporated (NYSE:DCO) – B. Riley lowered their Q4 2024 earnings per share (EPS) estimates for shares of Ducommun in a research report issued on Thursday, November 7th. B. Riley analyst M. Crawford now anticipates that the aerospace company will post earnings per share of $0.53 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.

Other equities research analysts have also recently issued reports about the company. StockNews.com raised Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, August 17th. The Goldman Sachs Group upgraded shares of Ducommun from a “neutral” rating to a “buy” rating and increased their target price for the stock from $64.00 to $80.00 in a report on Tuesday, August 13th. Finally, Truist Financial upped their price objective on shares of Ducommun from $71.00 to $80.00 and gave the company a “buy” rating in a research report on Friday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Ducommun presently has an average rating of “Buy” and an average price target of $73.00.

Ducommun Stock Up 1.4 %

Shares of DCO opened at $69.00 on Monday. Ducommun has a 52 week low of $47.27 and a 52 week high of $70.04. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.97 and a current ratio of 3.06. The firm 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 50-day simple moving average of $63.84 and a 200-day simple moving average of $61.00.

Hedge Funds Weigh In On Ducommun

Institutional investors have recently added to or reduced their stakes in the company. Inspire Investing LLC increased its stake in shares of Ducommun by 3.3% during the third quarter. Inspire Investing LLC now owns 6,296 shares of the aerospace company’s stock valued at $414,000 after buying an additional 201 shares during the period. Victory Capital Management Inc. increased its position in Ducommun by 1.6% during the 3rd quarter. Victory Capital Management Inc. now owns 18,900 shares of the aerospace company’s stock valued at $1,244,000 after purchasing an additional 300 shares during the period. Pathstone Holdings LLC raised its holdings in shares of Ducommun by 1.1% in the 3rd quarter. Pathstone Holdings LLC now owns 28,375 shares of the aerospace company’s stock valued at $1,868,000 after purchasing an additional 319 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Ducommun by 2.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 24,834 shares of the aerospace company’s stock valued at $1,274,000 after purchasing an additional 553 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Ducommun by 8.0% during the first quarter. Russell Investments Group Ltd. now owns 7,839 shares of the aerospace company’s stock valued at $402,000 after buying an additional 584 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Insider Buying and Selling at Ducommun

In other news, VP Jerry L. Redondo sold 770 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $64.20, for a total value of $49,434.00. Following the transaction, the vice president now owns 63,826 shares in the company, valued at approximately $4,097,629.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Jerry L. Redondo sold 770 shares of the company’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 value of $49,434.00. Following the sale, the vice president now owns 63,826 shares in the company, valued at $4,097,629.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Stephen G. Oswald sold 1,200 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were 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 of the company’s stock, valued at approximately $22,625,134.32. This 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 currently owned by company insiders.

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.