Ducommun Incorporated (NYSE:DCO) Given Average Rating of “Moderate Buy” by Analysts

Shares of Ducommun Incorporated (NYSE:DCO) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $62.80.

Several research analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $60.00 price target on shares of Ducommun in a research report on Friday, February 16th. Truist Financial reduced their price target on shares of Ducommun from $69.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Finally, B. Riley restated a “buy” rating and set a $72.00 price target on shares of Ducommun in a research report on Friday, February 16th.

Institutional Investors Weigh In On Ducommun

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Covestor Ltd boosted its position in shares of Ducommun by 33.9% in the third quarter. Covestor Ltd now owns 1,083 shares of the aerospace company’s stock worth $47,000 after acquiring an additional 274 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Ducommun by 658.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,927 shares of the aerospace company’s stock worth $100,000 after acquiring an additional 1,673 shares during the last quarter. Denali Advisors LLC boosted its position in shares of Ducommun by 33.3% in the third quarter. Denali Advisors LLC now owns 4,800 shares of the aerospace company’s stock worth $209,000 after acquiring an additional 1,200 shares during the last quarter. Advisor Partners II LLC acquired a new stake in shares of Ducommun in the third quarter worth approximately $211,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Ducommun in the first quarter worth approximately $295,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Ducommun Stock Performance

Shares of NYSE:DCO opened at $54.12 on Friday. The company has a market capitalization of $792.32 million, a price-to-earnings ratio of 47.06 and a beta of 1.28. Ducommun has a 52 week low of $40.24 and a 52 week high of $58.19. The company has a quick ratio of 1.91, a current ratio of 2.99 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average of $50.70 and a 200 day moving average of $50.00.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, February 15th. The aerospace company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.11. Ducommun had a net margin of 2.10% and a return on equity of 5.94%. The firm had revenue of $192.23 million for the quarter, compared to analyst estimates of $193.24 million. On average, sell-side analysts predict that Ducommun will post 2.75 earnings per share for the current fiscal year.

About Ducommun

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.