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

Ducommun Incorporated (NYSE:DCO) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $192.60.

A number of brokerages have weighed in on DCO. Citigroup reiterated a “buy” rating on shares of Ducommun in a research report on Wednesday, August 12th. Weiss Ratings lowered Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. Truist Financial upped their price target on Ducommun from $150.00 to $209.00 and gave the stock a “buy” rating in a report on Thursday. Royal Bank Of Canada raised their price objective on Ducommun from $175.00 to $200.00 and gave the company a “sector performer” rating in a report 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.

Insider Activity

In other Ducommun news, VP Laureen S. Gonzalez sold 589 shares of the firm’s stock in a transaction 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 transaction, the vice president owned 11,172 shares in the company, valued at approximately $1,698,032.28. This trade represents a 5.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Stephen G. Oswald sold 5,766 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $201.15, for a total transaction of $1,159,830.90. Following the completion of the transaction, the chief executive officer directly owned 385,875 shares in the company, valued at approximately $77,618,756.25. This represents a 1.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,967 shares of company stock worth $1,483,093 over the last quarter. 5.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ducommun

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Ducommun by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock worth $80,134,000 after acquiring an additional 19,143 shares during the last quarter. Meros Investment Management LP raised its position in Ducommun by 4.8% in the fourth quarter. Meros Investment Management LP now owns 174,485 shares of the aerospace company’s stock valued at $16,599,000 after purchasing an additional 7,945 shares during the period. Hsbc Holdings PLC lifted its stake in Ducommun by 124.9% during the first quarter. Hsbc Holdings PLC now owns 13,091 shares of the aerospace company’s stock worth $1,569,000 after purchasing an additional 7,269 shares in the last quarter. Calamos Advisors LLC purchased a new position in shares of Ducommun during the first quarter worth $960,000. Finally, B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Ducommun during the fourth quarter worth $1,786,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Trading Down 1.0%

Shares of NYSE:DCO opened at $204.92 on Tuesday. The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39. Ducommun has a 52-week low of $84.76 and a 52-week high of $210.39. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of -109.58 and a beta of 1.04. The business has a 50-day moving average price of $177.66 and a 200-day moving average price of $148.89.

Ducommun (NYSE:DCO) last issued its earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.20. The firm had revenue of $224.49 million during the quarter, compared to analysts’ expectations of $214.32 million. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 earnings per share. Equities analysts predict that Ducommun will post 4.26 EPS for the current year.

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.