Ducommun Incorporated (NYSE:DCO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Ducommun Incorporated (NYSE:DCO) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $192.60.

Several equities analysts recently commented on DCO shares. Wall Street Zen upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. The Goldman Sachs Group reissued a “buy” rating on shares of Ducommun in a research note on Monday, August 10th. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a research note on Friday, August 7th. Citigroup reiterated a “buy” rating on shares of Ducommun in a report on Wednesday, August 12th. Finally, Zacks Research raised Ducommun from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th.

Ducommun Trading Down 1.0%

Shares of DCO stock opened at $204.92 on Tuesday. 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 stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of -109.58 and a beta of 1.04. Ducommun has a 12-month low of $84.76 and a 12-month high of $210.39. The stock’s 50-day moving average price is $177.66 and its 200-day moving average price is $148.89.

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

Insider Activity

In other news, VP Laureen S. Gonzalez sold 589 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $151.99, for a total value of $89,522.11. Following the completion of the sale, the vice president owned 11,172 shares in the company, valued at approximately $1,698,032.28. The trade was a 5.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the vice president directly owned 33,171 shares of the company’s stock, valued at $4,809,795. This trade represents a 4.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 7,967 shares of company stock valued at $1,483,093. Corporate insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Ducommun

Several institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC boosted 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 acquiring an additional 10,574 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Ducommun by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock valued at $467,000 after acquiring an additional 319 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 297 shares during the last quarter. First Trust Advisors LP raised its position in shares of Ducommun by 10.0% in the 2nd quarter. First Trust Advisors LP now owns 5,809 shares of the aerospace company’s stock valued at $480,000 after purchasing an additional 528 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in Ducommun by 7.9% in the 2nd quarter. Marshall Wace LLP now owns 71,545 shares of the aerospace company’s stock worth $5,912,000 after purchasing an additional 5,212 shares in the last quarter. 92.15% of the stock is currently 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.