Ducommun (NYSE:DCO) Cut to “Hold” at Zacks Research

Ducommun (NYSE:DCO) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

DCO has been the topic of a number of other reports. Truist Financial raised their price target on Ducommun from $150.00 to $209.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Royal Bank Of Canada upped their target price on shares of Ducommun from $175.00 to $200.00 and gave the stock a “sector performer” rating in a research report on Friday, August 7th. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a research note on Friday, August 7th. The Goldman Sachs Group reiterated a “buy” rating on shares of Ducommun in a report on Monday, August 10th. Finally, Wall Street Zen upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Ducommun has a consensus rating of “Moderate Buy” and a consensus target price of $201.50.

Ducommun Stock Performance

DCO stock opened at $169.65 on Monday. The company has a market cap of $2.56 billion, a P/E ratio of 42.50 and a beta of 1.03. Ducommun has a 1 year low of $84.76 and a 1 year high of $210.39. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.36 and a quick ratio of 2.38. The stock’s fifty day moving average price is $178.21 and its 200-day moving average price is $163.16.

Ducommun (NYSE:DCO) last announced its earnings results on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $224.49 million during the quarter, compared to analysts’ expectations of $214.32 million. During the same period in the prior year, the company earned $0.88 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. On average, equities analysts forecast that Ducommun will post 4.26 earnings per share for the current year.

Insider Transactions at Ducommun

In related news, CEO Stephen Oswald sold 2,500 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $203.95, for a total value of $509,875.00. Following the sale, the chief executive officer directly owned 383,864 shares of the company’s stock, valued at $78,289,062.80. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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

Ducommun Company Profile

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.