Ducommun Incorporated (NYSE:DCO) Receives $97.50 Consensus PT from Brokerages

Shares of Ducommun Incorporated (NYSE:DCO) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $99.75.

DCO has been the subject of several recent analyst reports. Citigroup started coverage on shares of Ducommun in a report on Thursday. They issued a “buy” rating and a $110.00 target price for the company. Wall Street Zen cut Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 10th. Zacks Research raised Ducommun from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Ducommun in a research note on Monday, December 8th.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Ducommun

A number of hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in Ducommun during the 2nd quarter valued at approximately $4,318,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Ducommun by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 146,133 shares of the aerospace company’s stock worth $8,480,000 after acquiring an additional 3,561 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Ducommun by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 767,398 shares of the aerospace company’s stock worth $44,532,000 after acquiring an additional 18,436 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Ducommun by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 325,079 shares of the aerospace company’s stock valued at $26,865,000 after acquiring an additional 5,725 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in shares of Ducommun in the first quarter valued at $272,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Ducommun Trading Down 0.9%

Ducommun stock opened at $94.23 on Thursday. Ducommun has a 12-month low of $51.76 and a 12-month high of $101.47. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -40.27 and a beta of 1.08. The firm has a 50 day moving average of $92.58 and a 200 day moving average of $88.96. The company has a current ratio of 2.04, a quick ratio of 1.46 and a debt-to-equity ratio of 0.33.

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

Ducommun Company Profile

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.