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

Ducommun Incorporated (NYSE:DCO) has received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $171.80.

Several equities analysts have recently weighed in on DCO shares. The Goldman Sachs Group lifted their target price 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. Royal Bank Of Canada upped their price target on shares of Ducommun from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. B. Riley Financial boosted their price objective on Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ducommun in a report on Wednesday, June 24th.

Insider Activity

In other news, 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 transaction, the vice president owned 11,172 shares of the company’s stock, valued at approximately $1,698,032.28. This represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Rajiv A. Tata sold 1,612 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total value of $233,740.00. Following the transaction, the vice president owned 33,171 shares of the company’s stock, valued at approximately $4,809,795. The trade was a 4.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 7,883 shares of company stock worth $1,200,336 in the last three months. Corporate insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Optiver Holding B.V. purchased a new stake in Ducommun in the first quarter valued at approximately $27,000. State of Wyoming purchased a new stake in shares of Ducommun during the 1st quarter valued at $35,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Ducommun by 618.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 297 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Ducommun in the first quarter worth $56,000. Finally, KBC Group NV bought a new position in Ducommun in the first quarter valued at $71,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Ducommun Stock Down 0.5%

Shares of NYSE DCO opened at $185.73 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.67 and a quick ratio of 2.59. The stock has a market capitalization of $2.80 billion, a PE ratio of -78.70 and a beta of 1.03. Ducommun has a one year low of $82.90 and a one year high of $196.63. The business’s fifty day moving average price is $154.67 and its 200-day moving average price is $131.64.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. The company had revenue of $209.02 million during the quarter, compared to analyst estimates 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 quarter last year, the firm posted $0.83 EPS. On average, equities research analysts anticipate that Ducommun will post 4.07 EPS for the current year.

About Ducommun

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.