Ducommun Incorporated (NYSE:DCO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Ducommun Incorporated (NYSE:DCO) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $192.60.

A number of analysts have weighed in on the stock. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a report on Friday, August 7th. Zacks Research raised shares of Ducommun from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Citigroup reaffirmed a “buy” rating on shares of Ducommun in a report on Wednesday, August 12th. Weiss Ratings raised shares of Ducommun from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Ducommun in a research note on Monday, August 10th.

Insider Activity at Ducommun

In other news, CEO Stephen Oswald sold 5,766 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $201.15, for a total transaction of $1,159,830.90. Following the completion of the transaction, the chief executive officer directly owned 385,875 shares of the company’s stock, valued at approximately $77,618,756.25. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP acquired a new stake in Ducommun in the second quarter worth $26,000. Public Employees Retirement System of Ohio bought a new stake in Ducommun in the second quarter valued at $33,000. Optiver Holding B.V. acquired a new position in shares of Ducommun during the first quarter valued at $27,000. State of Wyoming acquired a new position in shares of Ducommun during the first quarter valued at $35,000. Finally, Nykredit A S bought a new position in shares of Ducommun during the second quarter worth about $55,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Price Performance

Shares of DCO opened at $165.61 on Friday. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of -88.56 and a beta of 1.04. The stock has a 50 day moving average of $179.70 and a 200-day moving average of $157.79. The company has a current ratio of 3.36, a quick ratio of 2.38 and a debt-to-equity ratio of 0.39. Ducommun has a 52 week low of $84.76 and a 52 week high of $210.39.

Ducommun (NYSE:DCO) last posted its quarterly 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. The business had revenue of $224.49 million for the quarter, compared to analyst estimates of $214.32 million. Ducommun had a positive return on equity of 9.20% and a negative net margin of 3.10%.The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.88 EPS. As a group, analysts forecast that Ducommun will post 4.26 EPS for the current year.

Ducommun Company Profile

Ducommun Incorporated is a diversified manufacturing company that provides engineered products and production services primarily for the aerospace and defense industries. The company supplies components and assemblies used in commercial aircraft, military platforms, space systems and other specialized applications.

Ducommun’s Electronic Systems business produces electronic and electromechanical assemblies, interconnect systems, high-reliability components, RF and microwave products, and other systems used in avionics, communications, radar and defense applications.