Ducommun Incorporated (DCO) – What Are Researchers Saying About This Stock?

Ducommun Incorporated (NYSE:DCO) has been given an average rating of “Moderate Buy” by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $201.50.

DCO has been the subject of several recent analyst reports. Truist Financial raised their price objective on shares of Ducommun from $150.00 to $209.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Guggenheim started coverage on shares of Ducommun in a research note on Friday. They issued a “buy” rating and a $246.00 target price on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Ducommun in a research report on Monday, August 10th. Wall Street Zen raised shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings downgraded Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 18th.

Ducommun Stock Down 0.0%

Shares of NYSE:DCO opened at $170.49 on Wednesday. The company has a current ratio of 3.36, a quick ratio of 2.38 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $178.94 and a 200 day simple moving average of $162.54. The firm has a market cap of $2.57 billion, a PE ratio of -91.17 and a beta of 1.03. Ducommun has a 12-month low of $84.76 and a 12-month 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. 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 analysts’ expectations of $214.32 million. During the same period in the prior year, the company posted $0.88 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities research analysts anticipate that Ducommun will post 4.26 EPS for the current fiscal year.

Insider Buying and Selling at Ducommun

In other Ducommun news, CEO Stephen Oswald sold 2,500 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $203.95, for a total transaction of $509,875.00. Following the sale, the chief executive officer directly owned 383,864 shares of the company’s stock, valued at approximately $78,289,062.80. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DCO. Allworth Financial LP acquired a new position in Ducommun during the second quarter worth about $26,000. Optiver Holding B.V. bought a new stake in Ducommun in the first quarter worth about $27,000. Public Employees Retirement System of Ohio acquired a new stake in Ducommun in the 2nd quarter valued at about $33,000. State of Wyoming acquired a new stake in Ducommun in the 1st quarter valued at about $35,000. Finally, Nykredit A S bought a new position in shares of Ducommun during the 2nd quarter valued at about $55,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Ducommun Company Profile

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.