Ducommun (NYSE:DCO) Shares Gap Down – What’s Next?

Ducommun Incorporated (NYSE:DCO)’s share price gapped down prior to trading on Friday. The stock had previously closed at $168.59, but opened at $157.47. Ducommun shares last traded at $154.7420, with a volume of 22,710 shares.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DCO. Citigroup reiterated a “buy” rating on shares of Ducommun in a research note on Wednesday, August 12th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Ducommun in a report on Monday, August 10th. Truist Financial increased their price objective on Ducommun from $150.00 to $209.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Royal Bank Of Canada increased their price objective on Ducommun from $175.00 to $200.00 and gave the stock a “sector performer” rating in a research report on Friday, August 7th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a research note on Friday, August 7th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Ducommun presently has an average rating of “Moderate Buy” and a consensus price target of $201.50.

Ducommun Trading Down 2.5%

The business has a 50 day moving average of $174.03 and a 200 day moving average of $165.35. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of -83.46 and a beta of 1.03. 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 announced its quarterly earnings results on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $214.32 million. During the same period in the prior year, the firm posted $0.88 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. On average, research analysts forecast that Ducommun Incorporated will post 4.26 earnings per share for the current fiscal year.

Insider Activity

In other Ducommun news, CEO Stephen Oswald sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $203.95, for a total value of $509,875.00. Following the sale, the chief executive officer owned 383,864 shares in the company, valued at approximately $78,289,062.80. This trade 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 can be accessed through this link. Company insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Ducommun

A number of institutional investors and hedge funds have recently modified their holdings of DCO. Parvin Asset Management LLC boosted its stake in Ducommun by 8.9% in the 1st quarter. Parvin Asset Management LLC now owns 1,340 shares of the aerospace company’s stock worth $163,000 after purchasing an additional 110 shares during the period. Allworth Financial LP acquired a new stake in Ducommun during the 2nd quarter valued at $26,000. Fortitude Family Office LLC lifted its holdings in shares of Ducommun by 1,800.0% in the third quarter. Fortitude Family Office LLC now owns 171 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 162 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Ducommun in the second quarter valued at $33,000. Finally, Optiver Holding B.V. purchased a new stake in shares of Ducommun in the first quarter valued at $27,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Ducommun Company Profile

Ducommun Incorporated (NYSE: DCO) is a manufacturer of engineered components, assemblies and systems for the aerospace, defense and space industries. The company supplies products used in commercial aircraft, military platforms, launch vehicles, satellites and other mission-critical applications.

Its offerings include structural components and assemblies, precision-machined parts, composite structures, electronic and electromechanical systems, circuit-card assemblies, wire harnesses and other specialized products.