Ducommun (NYSE:DCO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ducommun (NYSE:DCO) from a hold rating to a buy rating in a report published on Saturday.

Other equities research analysts also recently issued reports about the company. Truist Financial increased their price target on Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Citigroup upped their target price on Ducommun from $167.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada raised their target price on Ducommun from $175.00 to $200.00 and gave the stock a “sector performer” rating in a report on Friday. The Goldman Sachs Group lifted their price target on Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, B. Riley Financial reissued a “buy” rating on shares of Ducommun in a report on Friday. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Ducommun presently has an average rating of “Moderate Buy” and an average price target of $180.80.

Ducommun Stock Performance

Shares of NYSE DCO opened at $195.31 on Friday. The company has a 50 day simple moving average of $172.42 and a two-hundred day simple moving average of $145.77. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of -104.44 and a beta of 1.04. 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 12 month low of $84.76 and a 12 month high of $210.39.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Thursday, August 6th. The aerospace company reported $1.18 earnings per share for the quarter, topping 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 firm had revenue of $224.49 million for the quarter, compared to analyst estimates of $214.32 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, analysts predict that Ducommun will post 4.19 earnings per share for the current year.

Insider Buying and Selling

In other Ducommun news, VP Rajiv A. Tata sold 1,612 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total transaction of $233,740.00. Following the completion of the sale, the vice president directly owned 33,171 shares in the company, valued at approximately $4,809,795. The trade was a 4.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jerry L. Redondo sold 5,682 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $154.36, for a total value of $877,073.52. Following the sale, the vice president owned 62,034 shares of the company’s stock, valued at approximately $9,575,568.24. This trade represents a 8.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 7,883 shares of company stock worth $1,200,336 in the last 90 days. Insiders own 5.00% of the company’s stock.

Institutional Trading of Ducommun

A number of institutional investors have recently made changes to their positions in DCO. CM Wealth Advisors LLC purchased a new stake in shares of Ducommun during the second quarter worth approximately $1,404,000. Danske Bank A S purchased a new position in Ducommun in the 2nd quarter valued at $464,000. Diversify Advisory Services LLC acquired a new stake in Ducommun during the 2nd quarter worth $1,744,000. BlackRock Inc. acquired a new stake in Ducommun during the 2nd quarter worth $359,395,000. Finally, Deutsche Bank AG purchased a new stake in shares of Ducommun during the second quarter worth $41,095,000. 92.15% of the stock is owned by institutional investors and hedge funds.

About Ducommun

Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.

Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.