Ducommun Incorporated (NYSE:DCO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Ducommun Incorporated (NYSE:DCO) have received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $113.00.

A number of analysts recently weighed in on the stock. B. Riley reiterated a “buy” rating on shares of Ducommun in a research report on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ducommun in a report on Monday, December 29th. Wall Street Zen lowered shares of Ducommun from a “strong-buy” rating to a “buy” rating in a report on Monday, November 10th. Citigroup upped their price objective on shares of Ducommun from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Finally, The Goldman Sachs Group lifted their target price on Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th.

Ducommun Stock Performance

Shares of Ducommun stock opened at $121.45 on Friday. The firm has a fifty day moving average of $101.11 and a two-hundred day moving average of $95.40. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.46 and a current ratio of 2.04. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of -51.90 and a beta of 1.05. Ducommun has a 52 week low of $51.76 and a 52 week high of $121.80.

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

Insider Activity

In related news, VP Jerry L. Redondo sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $92.86, for a total transaction 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 approximately $6,060,879.34. This represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Ducommun

A number of large investors have recently bought and sold shares of DCO. SG Americas Securities LLC acquired a new stake in shares of Ducommun in the third quarter valued at about $849,000. Hennion & Walsh Asset Management Inc. grew its stake in Ducommun by 39.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 39,132 shares of the aerospace company’s stock valued at $3,762,000 after purchasing an additional 11,130 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Ducommun during the 2nd quarter worth approximately $4,318,000. Geode Capital Management LLC raised its stake in shares of Ducommun by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 325,079 shares of the aerospace company’s stock worth $26,865,000 after purchasing an additional 5,725 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Ducommun by 24.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 19,388 shares of the aerospace company’s stock valued at $1,602,000 after buying an additional 3,818 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

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.