Ducommun (NYSE:DCO) Now Covered by Analysts at Guggenheim

Guggenheim began coverage on shares of Ducommun (NYSE:DCO) in a report issued on Friday morning, MarketBeat reports. The firm issued a buy rating and a $246.00 price objective on the aerospace company’s stock.

Other research analysts have also recently issued research reports about the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Ducommun in a research note on Monday, August 10th. Zacks Research upgraded Ducommun from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Citigroup reaffirmed a “buy” rating on shares of Ducommun in a report on Wednesday, August 12th. Weiss Ratings downgraded Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 18th. Finally, Royal Bank Of Canada boosted their price target on Ducommun from $175.00 to $200.00 and gave the company a “sector performer” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $201.50.

Ducommun Price Performance

Shares of NYSE:DCO opened at $170.49 on Friday. The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $2.57 billion, a PE ratio of -91.17 and a beta of 1.03. The firm’s 50 day moving average price is $178.94 and its 200-day moving average price is $162.26. Ducommun has a twelve month low of $84.76 and a twelve month high of $210.39.

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

Insider Activity at Ducommun

In related news, CEO Stephen Oswald sold 2,500 shares of Ducommun stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $203.95, for a total transaction of $509,875.00. Following the transaction, the chief executive officer owned 383,864 shares in the company, valued at approximately $78,289,062.80. The trade was a 0.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Ducommun

A number of institutional investors and hedge funds have recently bought and sold shares of DCO. BlackRock Inc. purchased a new position in shares of Ducommun in the second quarter valued at about $359,395,000. Paradigm Capital Management Inc. NY purchased a new stake in shares of Ducommun during the second quarter worth about $142,704,000. Van ECK Associates Corp grew its position in shares of Ducommun by 68.4% during the second quarter. Van ECK Associates Corp now owns 427,603 shares of the aerospace company’s stock worth $79,196,000 after purchasing an additional 173,616 shares in the last quarter. Moore Capital Management LP bought a new stake in Ducommun during the 2nd quarter valued at approximately $44,236,000. Finally, Deutsche Bank AG bought a new stake in Ducommun during the 2nd quarter valued at approximately $41,095,000. 92.15% of the stock is owned by institutional investors.

About Ducommun

Ducommun Incorporated (NYSE:DCO) is a manufacturing company that designs, engineers and produces complex components and assemblies for the aerospace and defense industries. Its products include structural components, electronic and electromechanical systems, wiring and interconnect assemblies, and other specialized parts used in aircraft, spacecraft, missiles and military systems.

The company serves commercial aerospace, defense, space, medical and select industrial markets. Its capabilities include precision machining, forming, composite manufacturing, electronics manufacturing, circuit-card assembly, testing and systems integration.