Ducommun (NYSE:DCO) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Ducommun (NYSE:DCO) from a buy rating to a hold rating in a research report report published on Saturday morning.

A number of other research firms have also commented on DCO. The Goldman Sachs Group lifted their target price on Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Weiss Ratings cut Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Royal Bank Of Canada downgraded Ducommun from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $155.00 to $175.00 in a report on Thursday, July 9th. Truist Financial boosted their target price on Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, B. Riley Financial upped their target price on shares of Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $175.80.

Ducommun Stock Up 0.2%

DCO stock opened at $169.03 on Friday. Ducommun has a fifty-two week low of $84.76 and a fifty-two week high of $196.63. The business’s 50 day moving average price is $160.83 and its two-hundred day moving average price is $136.73. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.59 and a current ratio of 3.67. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of -71.62 and a beta of 1.03.

Ducommun (NYSE:DCO) last released its earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The firm had revenue of $209.02 million for the quarter, compared to the consensus estimate of $199.61 million. During the same period in the prior year, the firm earned $0.83 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. As a group, analysts forecast that Ducommun will post 4.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Rajiv A. Tata sold 1,612 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total transaction of $233,740.00. Following the sale, the vice president directly owned 33,171 shares of the company’s stock, valued at $4,809,795. This represents a 4.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Laureen S. Gonzalez sold 589 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $151.99, for a total transaction of $89,522.11. Following the completion of the transaction, the vice president directly owned 11,172 shares of the company’s stock, valued at approximately $1,698,032.28. The trade was a 5.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 7,883 shares of company stock worth $1,200,336. Corporate insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Ducommun

Hedge funds have recently added to or reduced their stakes in the stock. Optiver Holding B.V. purchased a new position in Ducommun in the first quarter valued at about $27,000. EverSource Wealth Advisors LLC raised its holdings 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 in the last quarter. State of Wyoming purchased a new stake in shares of Ducommun during the first quarter valued at about $35,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Ducommun during the first quarter valued at about $56,000. Finally, KBC Group NV bought a new stake in shares of Ducommun in the 1st quarter valued at about $71,000. 92.15% of the stock is currently owned by institutional investors.

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.