Shares of Ducommun Incorporated (NYSE:DCO) have been assigned an average recommendation of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $40.20.

A number of brokerages have recently commented on DCO. Zacks Investment Research upgraded Ducommun from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Wednesday, August 8th. B. Riley increased their price objective on Ducommun from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. ValuEngine upgraded Ducommun from a “hold” rating to a “buy” rating in a research report on Thursday, June 28th. Finally, Noble Financial upgraded Ducommun from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Tuesday, August 7th.

DCO traded up $0.24 during trading on Friday, reaching $39.35. The stock had a trading volume of 184,053 shares, compared to its average volume of 27,559. The company has a market capitalization of $445.91 million, a price-to-earnings ratio of 29.59 and a beta of 0.96. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.38 and a quick ratio of 1.54. Ducommun has a 1-year low of $25.06 and a 1-year high of $41.24.

Ducommun (NYSE:DCO) last released its earnings results on Monday, August 6th. The aerospace company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.17). The firm had revenue of $154.83 million during the quarter, compared to analyst estimates of $148.53 million. Ducommun had a return on equity of 6.87% and a net margin of 3.13%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share. equities analysts expect that Ducommun will post 1.66 EPS for the current fiscal year.

In other news, Director Robert C. Ducommun sold 5,000 shares of the stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $40.76, for a total transaction of $203,800.00. Following the completion of the sale, the director now owns 413,745 shares in the company, valued at approximately $16,864,246.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.20% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Ducommun by 165.7% during the 1st quarter. JPMorgan Chase & Co. now owns 6,760 shares of the aerospace company’s stock valued at $205,000 after acquiring an additional 4,216 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Ducommun during the 1st quarter valued at $210,000. First Trust Advisors LP lifted its position in shares of Ducommun by 18.5% during the 2nd quarter. First Trust Advisors LP now owns 11,738 shares of the aerospace company’s stock valued at $388,000 after acquiring an additional 1,836 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Ducommun by 437.5% during the 2nd quarter. Bessemer Group Inc. now owns 12,900 shares of the aerospace company’s stock valued at $427,000 after acquiring an additional 10,500 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Ducommun during the 2nd quarter valued at $790,000. Institutional investors own 80.26% of the company’s stock.

About Ducommun

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

Further Reading: Trading Strategy Methods and Types

Receive News & Ratings for Ducommun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ducommun and related companies with MarketBeat.com's FREE daily email newsletter.