Ducommun (NYSE:DCO) Stock Rating Lowered by Zacks Research

Ducommun (NYSE:DCO) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.

Several other research analysts also recently weighed in on DCO. Guggenheim started coverage on shares of Ducommun in a research note on Friday. They issued a “buy” rating and a $246.00 target price for the company. Royal Bank Of Canada raised their price target on shares of Ducommun from $175.00 to $200.00 and gave the stock a “sector performer” rating in a research note on Friday, August 7th. B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a report on Friday, August 7th. Weiss Ratings downgraded shares of Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 18th. Finally, Citigroup reissued a “buy” rating on shares of Ducommun in a research report on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $201.50.

Ducommun Stock Performance

NYSE DCO opened at $169.65 on Monday. Ducommun has a fifty-two week low of $84.76 and a fifty-two week high of $210.39. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of -90.72 and a beta of 1.03. The business has a fifty day moving average of $178.21 and a 200-day moving average of $163.16. The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39.

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

Insider Activity

In other news, CEO Stephen Oswald sold 2,500 shares of Ducommun stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $203.95, for a total value of $509,875.00. Following the completion of the sale, the chief executive officer owned 383,864 shares of the company’s stock, valued at $78,289,062.80. The trade was 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. 5.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ducommun

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its holdings in Ducommun by 359.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 814 shares of the aerospace company’s stock valued at $140,000 after buying an additional 637 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Ducommun during the 2nd quarter worth about $218,000. Integrated Wealth Concepts LLC purchased a new position in shares of Ducommun during the 2nd quarter worth about $100,000. Squarepoint Ops LLC lifted its holdings in shares of Ducommun by 44.9% during the 2nd quarter. Squarepoint Ops LLC now owns 13,973 shares of the aerospace company’s stock worth $2,588,000 after acquiring an additional 4,332 shares during the period. Finally, Nykredit A S acquired a new stake in shares of Ducommun in the second quarter worth approximately $55,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

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.