Ducommun (NYSE:DCO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ducommun (NYSE:DCO) from a buy rating to a strong-buy rating in a research report released on Sunday.

A number of other research firms have also weighed in on DCO. Truist Financial raised their price objective on shares of Ducommun from $87.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Citigroup reaffirmed a “buy” rating and issued a $101.00 price objective (up from $91.00) on shares of Ducommun in a research note on Monday, July 14th. Zacks Research raised shares of Ducommun to a “hold” rating in a research note on Monday, August 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ducommun in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada raised their price objective on shares of Ducommun from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Ducommun presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.50.

Ducommun Stock Down 1.9%

Shares of NYSE DCO opened at $91.59 on Friday. The firm has a market cap of $1.37 billion, a PE ratio of 34.83 and a beta of 1.38. Ducommun has a 12-month low of $51.76 and a 12-month high of $101.47. The company’s fifty day simple moving average is $93.58 and its 200 day simple moving average is $83.59. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.31.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.80 by $0.08. The firm had revenue of $202.26 million during the quarter, compared to the consensus estimate of $199.29 million. Ducommun had a return on equity of 7.61% and a net margin of 5.03%.The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 earnings per share. As a group, sell-side analysts forecast that Ducommun will post 3.21 earnings per share for the current fiscal year.

Institutional Trading of Ducommun

Several hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP increased its stake in shares of Ducommun by 40.6% in the first quarter. GSA Capital Partners LLP now owns 24,653 shares of the aerospace company’s stock worth $1,431,000 after purchasing an additional 7,123 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Ducommun by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 146,133 shares of the aerospace company’s stock worth $8,480,000 after purchasing an additional 3,561 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Ducommun in the second quarter worth about $4,318,000. Vanguard Group Inc. increased its stake in shares of Ducommun by 2.5% in the first quarter. Vanguard Group Inc. now owns 767,398 shares of the aerospace company’s stock worth $44,532,000 after purchasing an additional 18,436 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in shares of Ducommun in the first quarter worth about $272,000. Institutional investors own 92.15% of the company’s stock.

About Ducommun

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.