Ducommun Incorporated (NYSE:DCO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Ducommun Incorporated (NYSE:DCO) have earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $175.80.

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Citigroup increased their price objective on shares of Ducommun from $167.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Truist Financial lifted their price target on Ducommun from $136.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. B. Riley Financial boosted their price target on Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada lowered Ducommun from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $155.00 to $175.00 in a report on Thursday, July 9th.

Ducommun Trading Up 0.5%

Shares of NYSE DCO opened at $175.53 on Friday. The company has a quick ratio of 2.59, a current ratio of 3.67 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $2.65 billion, a P/E ratio of -74.38 and a beta of 1.03. Ducommun has a 52-week low of $84.76 and a 52-week high of $196.63. The stock’s 50 day moving average price is $162.95 and its two-hundred day moving average price is $139.20.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. The firm had revenue of $209.02 million for the quarter, compared to analysts’ expectations of $199.61 million. Ducommun had a positive return on equity of 8.41% and a negative net margin of 4.11%.The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the business posted $0.83 earnings per share. On average, analysts anticipate that Ducommun will post 4.07 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Jerry L. Redondo sold 5,682 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $154.36, for a total value of $877,073.52. Following the sale, the vice president owned 62,034 shares of the company’s stock, valued at approximately $9,575,568.24. The trade was a 8.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Laureen S. Gonzalez sold 589 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $151.99, for a total value of $89,522.11. Following the completion of the sale, the vice president owned 11,172 shares of the company’s stock, valued at approximately $1,698,032.28. This trade represents a 5.01% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 7,883 shares of company stock worth $1,200,336. 5.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ducommun

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Aberdeen Group plc lifted its holdings in shares of Ducommun by 7.2% during the fourth quarter. Aberdeen Group plc now owns 218,433 shares of the aerospace company’s stock valued at $20,780,000 after purchasing an additional 14,721 shares during the last quarter. Vanguard Group Inc. raised its stake in Ducommun by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock valued at $80,134,000 after purchasing an additional 19,143 shares during the period. SG Americas Securities LLC raised its stake in Ducommun by 248.9% during the 4th quarter. SG Americas Securities LLC now owns 30,799 shares of the aerospace company’s stock valued at $2,930,000 after purchasing an additional 21,972 shares during the period. Tudor Investment Corp ET AL raised its position in Ducommun by 553.2% during the third quarter. Tudor Investment Corp ET AL now owns 26,978 shares of the aerospace company’s stock valued at $2,593,000 after buying an additional 22,848 shares during the period. Finally, Meros Investment Management LP lifted its position in shares of Ducommun by 4.8% in the fourth quarter. Meros Investment Management LP now owns 174,485 shares of the aerospace company’s stock worth $16,599,000 after purchasing an additional 7,945 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Company Profile

Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.

Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.