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

Shares of Ducommun Incorporated (NYSE:DCO) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $140.25.

Several research analysts have recently commented on DCO shares. Royal Bank Of Canada boosted their price target on Ducommun from $142.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. Zacks Research raised shares of Ducommun from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Wall Street Zen downgraded Ducommun from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Citigroup increased their price target on shares of Ducommun from $125.00 to $143.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, B. Riley Financial reissued a “buy” rating on shares of Ducommun in a research report on Wednesday, January 28th.

Insiders Place Their Bets

In other Ducommun news, Director Richard A. Baldridge sold 10,440 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $130.83, for a total value of $1,365,865.20. Following the completion of the transaction, the director directly owned 20,100 shares of the company’s stock, valued at approximately $2,629,683. The trade was a 34.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Ducommun

Hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in shares of Ducommun by 14.5% in the 1st quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company’s stock valued at $4,844,000 after purchasing an additional 10,574 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Ducommun by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock valued at $467,000 after buying an additional 319 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in Ducommun in the second quarter valued at $258,000. ProShare Advisors LLC acquired a new position in shares of Ducommun in the second quarter worth about $234,000. Finally, Geode Capital Management LLC raised its position in shares of Ducommun by 1.8% in the second quarter. Geode Capital Management LLC now owns 325,079 shares of the aerospace company’s stock worth $26,865,000 after acquiring an additional 5,725 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Trading Down 3.6%

NYSE DCO opened at $120.45 on Friday. Ducommun has a one year low of $51.76 and a one year high of $140.02. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.47 and a current ratio of 3.50. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of -52.14 and a beta of 1.03. The company’s 50-day simple moving average is $121.35 and its two-hundred day simple moving average is $103.29.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Thursday, February 26th. The aerospace company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.14. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.47%. The firm had revenue of $215.80 million during the quarter, compared to analysts’ expectations of $217.42 million. During the same quarter in the prior year, the company earned $0.75 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. Equities analysts forecast that Ducommun will post 3.21 EPS for the current fiscal year.

Ducommun Company Profile

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.