Ducommun (NYSE:DCO) Stock Gets Price Target Reduction from Royal Bank Of Canada

Ducommun (NYSE:DCO) had its target price decreased by Royal Bank Of Canada from $200.00 to $180.00 in a research note issued to investors on Wednesday,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the aerospace company’s stock.

Several other research firms also recently weighed in on DCO. Citigroup reissued a “buy” rating on shares of Ducommun in a research report on Wednesday, August 12th. Guggenheim initiated coverage on Ducommun in a research report on Friday, October 9th. They issued a “buy” rating and a $246.00 price objective on the stock. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a research note on Friday, August 7th. Zacks Research lowered Ducommun from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Finally, Wall Street Zen upgraded Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $198.17.

Ducommun Stock Performance

Shares of DCO opened at $159.96 on Wednesday. Ducommun has a 12-month low of $84.76 and a 12-month high of $210.39. The stock has a market cap of $2.42 billion, a P/E ratio of -85.54 and a beta of 1.03. The company has a current ratio of 3.36, a quick ratio of 2.38 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average of $170.12 and a two-hundred day moving average of $153.12.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Thursday, August 6th. The aerospace company reported $1.18 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 business had revenue of $224.49 million for the quarter, compared to analyst estimates of $214.32 million. During the same period in the prior year, the business earned $0.88 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, research analysts predict that Ducommun will post 4.26 EPS for the current fiscal year.

Insider Transactions at Ducommun

In related news, CEO Stephen Oswald sold 2,500 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer owned 383,864 shares in the company, valued at approximately $78,289,062.80. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Ducommun in the second quarter valued at $359,395,000. Paradigm Capital Management Inc. NY purchased a new position in Ducommun during the second quarter worth about $142,704,000. Van ECK Associates Corp boosted its stake in Ducommun by 68.4% in the 2nd quarter. Van ECK Associates Corp now owns 427,603 shares of the aerospace company’s stock worth $79,196,000 after buying an additional 173,616 shares during the last quarter. Moore Capital Management LP acquired a new stake in Ducommun in the 2nd quarter worth about $44,236,000. Finally, Deutsche Bank AG acquired a new stake in Ducommun in the 2nd quarter worth about $41,095,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

About Ducommun

Ducommun Incorporated (NYSE: DCO) is a manufacturer of engineered components, assemblies and systems for the aerospace, defense and space industries. The company supplies products used in commercial aircraft, military platforms, launch vehicles, satellites and other mission-critical applications.

Its offerings include structural components and assemblies, precision-machined parts, composite structures, electronic and electromechanical systems, circuit-card assemblies, wire harnesses and other specialized products.