Ducommun (NYSE:DCO) Announces Quarterly Earnings Results

Ducommun (NYSE:DCO) issued its quarterly earnings results on Thursday. The aerospace company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04, Zacks reports. The business had revenue of $212.56 million for the quarter, compared to analysts’ expectations of $211.41 million. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the business earned $0.67 earnings per share.

Ducommun Trading Up 0.4%

DCO traded up $0.34 during midday trading on Friday, reaching $89.49. 109,958 shares of the company’s stock traded hands, compared to its average volume of 109,400. Ducommun has a 52 week low of $51.76 and a 52 week high of $101.47. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.24 and a quick ratio of 2.17. The firm has a fifty day moving average of $93.49 and a two-hundred day moving average of $83.92. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 34.03 and a beta of 1.38.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DCO shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ducommun in a report on Wednesday, October 8th. Truist Financial upped their price target on shares of Ducommun from $87.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Citigroup reiterated a “buy” rating and issued a $101.00 price objective (up previously from $91.00) on shares of Ducommun in a report on Monday, July 14th. Wall Street Zen upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 2nd. Finally, Zacks Research raised Ducommun to a “hold” rating in a research note on Monday, August 11th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $97.50.

Institutional Trading of Ducommun

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DCO. Envestnet Asset Management Inc. boosted its holdings in Ducommun by 3.8% in the third quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock worth $311,000 after acquiring an additional 117 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Ducommun by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,014 shares of the aerospace company’s stock valued at $414,000 after purchasing an additional 155 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Ducommun by 618.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 297 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Ducommun by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock worth $467,000 after buying an additional 319 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of Ducommun by 9.2% in the second quarter. Captrust Financial Advisors now owns 4,117 shares of the aerospace company’s stock worth $340,000 after buying an additional 346 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

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.