Ducommun (NYSE:DCO) Stock Rated Buy in New Coverage at Guggenheim

Stock analysts at Guggenheim started coverage on shares of Ducommun (NYSE:DCO) in a research report issued on Friday, Marketbeat reports. The firm set a “buy” rating and a $246.00 price target on the aerospace company’s stock. Guggenheim’s target price would suggest a potential upside of 44.29% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Citigroup reissued a “buy” rating on shares of Ducommun in a research report on Wednesday, August 12th. The Goldman Sachs Group reiterated a “buy” rating on shares of Ducommun in a report on Monday, August 10th. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a research note on Friday, August 7th. Weiss Ratings lowered Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 18th. Finally, Zacks Research upgraded Ducommun from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ducommun has an average rating of “Buy” and an average target price of $201.50.

Ducommun Price Performance

DCO stock opened at $170.49 on Friday. The business has a fifty day moving average of $178.94 and a two-hundred day moving average of $162.26. The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of -91.17 and a beta of 1.03. Ducommun has a 52-week low of $84.76 and a 52-week high of $210.39.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. Ducommun had a positive return on equity of 9.20% and a negative net margin of 3.10%. The company had revenue of $224.49 million for the quarter, compared to analysts’ expectations of $214.32 million. During the same period in the prior year, the firm earned $0.88 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. As a group, research analysts anticipate that Ducommun will post 4.26 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Stephen Oswald sold 5,766 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $201.15, for a total value of $1,159,830.90. Following the transaction, the chief executive officer owned 385,875 shares of the company’s stock, valued at $77,618,756.25. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 5.00% of the stock is owned by company insiders.

Institutional Trading of Ducommun

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

About Ducommun

Ducommun Incorporated (NYSE:DCO) is a manufacturing company that designs, engineers and produces complex components and assemblies for the aerospace and defense industries. Its products include structural components, electronic and electromechanical systems, wiring and interconnect assemblies, and other specialized parts used in aircraft, spacecraft, missiles and military systems.

The company serves commercial aerospace, defense, space, medical and select industrial markets. Its capabilities include precision machining, forming, composite manufacturing, electronics manufacturing, circuit-card assembly, testing and systems integration.