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

Shares of Ducommun Incorporated (NYSE:DCO) have received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $123.50.

A number of research firms have commented on DCO. Zacks Research upgraded shares of Ducommun from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Citigroup upped their price objective on Ducommun from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ducommun in a research note on Monday, December 29th. Royal Bank Of Canada boosted their target price on Ducommun from $100.00 to $142.00 and gave the company an “outperform” rating in a report on Friday. Finally, Wall Street Zen downgraded Ducommun from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th.

Ducommun Stock Performance

Shares of Ducommun stock opened at $124.59 on Tuesday. The firm’s fifty day simple moving average is $109.85 and its 200-day simple moving average is $98.57. Ducommun has a 12 month low of $51.76 and a 12 month high of $128.17. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of -53.24 and a beta of 1.05. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.04 and a quick ratio of 1.46.

Insider Activity at Ducommun

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

Institutional Investors Weigh In On Ducommun

A number of hedge funds have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its position in Ducommun by 6,725.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 269 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after buying an additional 297 shares in the last quarter. Traub Capital Management LLC purchased a new stake in shares of Ducommun in the second quarter valued at approximately $35,000. Financial Consulate Inc. acquired a new position in Ducommun during the third quarter worth $48,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Ducommun in the third quarter worth $63,000. 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.