Ducommun (NYSE:DCO) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Ducommun (NYSE:DCO) from a buy rating to a strong-buy rating in a research report report published on Saturday.

Several other equities research analysts have also recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Ducommun in a report on Monday, December 29th. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a research note on Wednesday, January 28th. Zacks Research upgraded shares of Ducommun from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Citigroup upped their price target on shares of Ducommun from $110.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Finally, The Goldman Sachs Group raised their price target on shares of Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.00.

Ducommun Stock Up 1.8%

Shares of NYSE DCO opened at $121.38 on Friday. The stock has a market capitalization of $1.81 billion, a P/E ratio of -51.87 and a beta of 1.05. Ducommun has a one year low of $51.76 and a one year high of $123.87. The firm’s 50 day simple moving average is $102.81 and its two-hundred day simple moving average is $96.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.04 and a quick ratio of 1.46.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, November 6th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Ducommun had a negative net margin of 4.29% and a positive return on equity of 7.70%. The company had revenue of $212.56 million during the quarter, compared to analysts’ expectations of $211.41 million. During the same quarter in the prior year, the company earned $0.67 EPS. The firm’s revenue was up 5.6% on a year-over-year basis. As a group, analysts expect that Ducommun will post 3.21 EPS for the current fiscal year.

Insider Buying and Selling

In other news, VP Jerry L. Redondo sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total value of $185,720.00. Following the completion of the sale, the vice president directly owned 65,269 shares of the company’s stock, valued at approximately $6,060,879.34. This trade represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 8.90% of the company’s stock.

Institutional Trading of Ducommun

Several large investors have recently bought and sold shares of DCO. Cornerstone Planning Group LLC raised its position in shares of Ducommun by 6,725.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 269 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares during the period. Traub Capital Management LLC bought a new position in Ducommun in the second quarter worth $35,000. Financial Consulate Inc. purchased a new position in Ducommun during the third quarter valued at $48,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Ducommun during the third quarter valued at $63,000. 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.