Ducommun (NYSE:DCO) Now Covered by Citigroup

Citigroup began coverage on shares of Ducommun (NYSE:DCO) in a research note released on Thursday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $110.00 price target on the aerospace company’s stock.

Several other equities analysts also recently commented on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Ducommun in a research report on Monday. Zacks Research upgraded Ducommun from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Wall Street Zen downgraded Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 10th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $99.75.

Ducommun Trading Down 0.9%

Shares of NYSE DCO opened at $94.23 on Thursday. The business has a 50 day simple moving average of $92.58 and a 200 day simple moving average of $88.83. Ducommun has a 52 week low of $51.76 and a 52 week high of $101.47. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -40.27 and a beta of 1.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.46 and a current ratio of 2.04.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Thursday, November 6th. The aerospace company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. The firm had revenue of $212.56 million for the quarter, compared to analyst estimates of $211.41 million. Ducommun had a negative net margin of 4.29% and a positive return on equity of 7.70%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 earnings per share. On average, research analysts predict that Ducommun will post 3.21 earnings per share for the current fiscal year.

Insider Activity

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total value of $185,720.00. Following the completion of the sale, the vice president directly owned 65,269 shares of the company’s stock, valued at $6,060,879.34. This represents a 2.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Ducommun

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Ducommun by 2.5% during the first quarter. Vanguard Group Inc. now owns 767,398 shares of the aerospace company’s stock valued at $44,532,000 after acquiring an additional 18,436 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Ducommun by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 146,133 shares of the aerospace company’s stock worth $8,480,000 after purchasing an additional 3,561 shares in the last quarter. Swiss National Bank increased its position in shares of Ducommun by 5.3% during the first quarter. Swiss National Bank now owns 25,800 shares of the aerospace company’s stock valued at $1,497,000 after purchasing an additional 1,300 shares during the period. Nuveen LLC acquired a new position in shares of Ducommun in the first quarter valued at $5,097,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Ducommun by 30.1% in the first quarter. Russell Investments Group Ltd. now owns 11,198 shares of the aerospace company’s stock valued at $650,000 after purchasing an additional 2,590 shares in the last quarter. Institutional investors own 92.15% of the company’s stock.

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.