Ducommun (NYSE:DCO) Stock Rating Lowered by Wall Street Zen

Ducommun (NYSE:DCO) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Sunday.

Several other brokerages also recently commented on DCO. Citigroup lifted their target price on shares of Ducommun from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Ducommun in a research report on Monday, December 29th. B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a research note on Wednesday, January 28th. Zacks Research raised shares of Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, The Goldman Sachs Group lifted their price target on shares of Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Ducommun currently has a consensus rating of “Moderate Buy” and an average target price of $113.00.

Ducommun Stock Up 3.0%

DCO opened at $123.76 on Friday. The stock’s fifty day simple moving average is $106.65 and its 200 day simple moving average is $97.37. Ducommun has a 1-year low of $51.76 and a 1-year high of $124.70. The stock has a market cap of $1.85 billion, a PE ratio of -52.89 and a beta of 1.05. The company has a current ratio of 2.04, a quick ratio of 1.46 and a debt-to-equity ratio of 0.33.

Insider Transactions at Ducommun

In related news, VP Jerry L. Redondo sold 2,000 shares of Ducommun stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total transaction of $185,720.00. Following the sale, the vice president directly owned 65,269 shares in the company, valued at $6,060,879.34. This trade represents a 2.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.90% of the stock is currently owned by company insiders.

Institutional Trading of Ducommun

Several institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its holdings in Ducommun by 14.5% in the first quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company’s stock worth $4,844,000 after purchasing an additional 10,574 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Ducommun by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock worth $467,000 after buying an additional 319 shares during the period. KLP Kapitalforvaltning AS increased its stake in shares of Ducommun by 26.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 2,900 shares of the aerospace company’s stock valued at $240,000 after acquiring an additional 600 shares in the last quarter. CWM LLC lifted its position in shares of Ducommun by 27.7% during the 2nd quarter. CWM LLC now owns 687 shares of the aerospace company’s stock valued at $57,000 after acquiring an additional 149 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Ducommun during the 2nd quarter valued at $4,318,000. 92.15% of the stock is currently owned by institutional investors.

Ducommun Company Profile

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.