Ducommun Incorporated (NYSE:DCO) Receives Consensus Rating of “Moderate Buy” from Analysts

Ducommun Incorporated (NYSE:DCO) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $154.00.

Several analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Wall Street Zen raised shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Sunday. Royal Bank Of Canada increased their price target on shares of Ducommun from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday. Truist Financial raised shares of Ducommun to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Citigroup reduced their price target on shares of Ducommun from $143.00 to $141.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd.

Ducommun Trading Down 5.0%

NYSE DCO opened at $144.07 on Friday. The firm’s 50-day moving average is $134.13 and its two-hundred day moving average is $114.62. Ducommun has a 12 month low of $66.24 and a 12 month high of $156.32. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.67 and a quick ratio of 2.47. The stock has a market capitalization of $2.17 billion, a P/E ratio of -61.05 and a beta of 1.06.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. The business had revenue of $209.02 million for the quarter, compared to analysts’ expectations of $199.61 million. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 earnings per share. On average, sell-side analysts anticipate that Ducommun will post 4.16 earnings per share for the current year.

Insider Activity

In other news, VP Jerry L. Redondo sold 5,682 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $154.36, for a total transaction of $877,073.52. Following the sale, the vice president owned 62,034 shares of the company’s stock, valued at approximately $9,575,568.24. This represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard A. Baldridge sold 10,440 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the sale, the director directly owned 20,100 shares in the company, valued at $2,629,683. This represents a 34.18% decrease in their position. The SEC filing for this sale provides additional information. 5.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Ducommun

Hedge funds have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its holdings in Ducommun by 6,725.0% in the third quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 269 shares in the last quarter. State of Wyoming acquired a new stake in Ducommun in the first quarter valued at approximately $35,000. 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 valued at $29,000 after acquiring an additional 297 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Ducommun in the first quarter valued at approximately $56,000. Finally, KBC Group NV acquired a new stake in Ducommun in the first quarter valued at approximately $71,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

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.