Ducommun (NYSE:DCO) Research Coverage Started at Citigroup

Citigroup assumed coverage on shares of Ducommun (NYSE:DCO) in a report released on Thursday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $110.00 price objective on the aerospace company’s stock.

DCO has been the topic of several other research reports. Zacks Research upgraded shares of Ducommun from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ducommun 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 issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $99.75.

Ducommun Stock Down 0.9%

Shares of Ducommun stock opened at $94.23 on Thursday. The stock has a market capitalization of $1.41 billion, a P/E ratio of -40.27 and a beta of 1.08. The company has a quick ratio of 1.46, a current ratio of 2.04 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average price of $92.58 and a two-hundred day moving average price of $88.96. Ducommun has a 12-month low of $51.76 and a 12-month high of $101.47.

Ducommun (NYSE:DCO) last released its quarterly earnings results 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 negative net margin of 4.29% and a positive return on equity of 7.70%. The company had revenue of $212.56 million for the quarter, compared to analyst estimates of $211.41 million. During the same quarter last year, the firm posted $0.67 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities analysts expect that Ducommun will post 3.21 earnings per share for the current year.

Insider Activity

In other news, VP Jerry L. Redondo sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total transaction of $185,720.00. Following the completion of the transaction, the vice president owned 65,269 shares of the company’s stock, valued at approximately $6,060,879.34. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Ducommun

A number of institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in Ducommun by 3.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock valued at $311,000 after acquiring an additional 117 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Ducommun by 0.9% during the 2nd quarter. Panagora Asset Management Inc. now owns 13,027 shares of the aerospace company’s stock worth $1,076,000 after purchasing an additional 119 shares in the last quarter. CWM LLC increased its position in shares of Ducommun by 27.7% during the second quarter. CWM LLC now owns 687 shares of the aerospace company’s stock valued at $57,000 after purchasing an additional 149 shares during the period. Ameriprise Financial Inc. increased its position in shares of Ducommun by 2.3% during the third quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company’s stock valued at $657,000 after purchasing an additional 153 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Ducommun by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 5,014 shares of the aerospace company’s stock valued at $414,000 after purchasing an additional 155 shares in the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

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.