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

Shares of Ducommun Incorporated (NYSE:DCO) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $192.60.

A number of equities analysts have issued reports on the company. Weiss Ratings lowered Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. Zacks Research upgraded shares of Ducommun from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Citigroup reiterated a “buy” rating on shares of Ducommun in a report on Wednesday, August 12th. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a research note on Friday, August 7th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Ducommun in a research report on Monday, August 10th.

Ducommun Trading Down 4.2%

NYSE DCO opened at $183.65 on Tuesday. Ducommun has a 12 month low of $84.76 and a 12 month high of $210.39. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.36 and a quick ratio of 2.38. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of -98.21 and a beta of 1.04. The company’s fifty day moving average price is $180.92 and its two-hundred day moving average price is $151.68.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Thursday, August 6th. The aerospace company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.20. The firm had revenue of $224.49 million for the quarter, compared to analyst estimates of $214.32 million. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. Ducommun’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 earnings per share. As a group, research analysts predict that Ducommun will post 4.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ducommun news, CEO Stephen G. Oswald sold 5,766 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $201.15, for a total value of $1,159,830.90. Following the transaction, the chief executive officer owned 385,875 shares in the company, valued at $77,618,756.25. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Laureen S. Gonzalez sold 589 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $151.99, for a total value of $89,522.11. Following the completion of the transaction, the vice president owned 11,172 shares in the company, valued at $1,698,032.28. This represents a 5.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,855 shares of company stock worth $1,759,228 over the last ninety days. 5.00% of the stock is currently owned by insiders.

Institutional Trading of Ducommun

Several large investors have recently modified their holdings of DCO. California State Teachers Retirement System grew its position in shares of Ducommun by 15,792.9% in the second quarter. California State Teachers Retirement System now owns 2,858,346 shares of the aerospace company’s stock valued at $529,394,000 after purchasing an additional 2,840,361 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Ducommun during the second quarter worth approximately $359,395,000. Paradigm Capital Management Inc. NY bought a new stake in shares of Ducommun in the second quarter valued at approximately $142,704,000. Alliancebernstein L.P. increased its position in Ducommun by 1,993.3% during the second quarter. Alliancebernstein L.P. now owns 302,969 shares of the aerospace company’s stock worth $25,034,000 after acquiring an additional 288,496 shares during the period. Finally, Loomis Sayles & Co. L P bought a new position in Ducommun during the fourth quarter worth $26,028,000. 92.15% of the stock is owned by institutional investors.

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.