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

Shares of Ducommun Incorporated (NYSE:DCO) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, MarketBeat.com 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 target price among brokers that have updated their coverage on the stock in the last year is $162.00.

Several research analysts recently commented on the stock. B. Riley Financial lifted their target price on shares of Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Truist Financial lifted their target price on shares of Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Wall Street Zen downgraded Ducommun from a “buy” rating to a “hold” rating in a research report on Monday, May 25th. The Goldman Sachs Group lifted their price target on Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, Royal Bank Of Canada lifted their price target on Ducommun from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th.

Ducommun Stock Down 2.2%

Shares of DCO stock opened at $147.01 on Thursday. The stock’s 50 day simple moving average is $139.41 and its 200 day simple moving average is $119.73. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.59 and a current ratio of 3.67. Ducommun has a twelve month low of $71.40 and a twelve month high of $156.32. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of -62.29 and a beta of 1.06.

Ducommun (NYSE:DCO) last announced its earnings results on Tuesday, May 12th. The aerospace company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.68 by $0.07. The firm had revenue of $209.02 million for the quarter, compared to the consensus estimate of $199.61 million. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. As a group, research analysts predict that Ducommun will post 4.07 EPS for the current year.

Insiders Place Their Bets

In other news, VP Rajiv A. Tata sold 1,612 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $145.00, for a total transaction of $233,740.00. Following the completion of the transaction, the vice president owned 33,171 shares of the company’s stock, valued at approximately $4,809,795. This represents a 4.63% 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. Also, VP Jerry L. Redondo sold 5,682 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $154.36, for a total value of $877,073.52. Following the completion of the transaction, the vice president owned 62,034 shares of the company’s stock, valued at $9,575,568.24. The trade was a 8.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 18,323 shares of company stock valued at $2,566,201. Corporate insiders own 5.00% of the company’s stock.

Institutional Trading of Ducommun

A number of large investors have recently bought and sold shares of DCO. Optiver Holding B.V. bought a new stake in Ducommun during the first quarter worth about $27,000. Bank of America Corp DE grew its stake in Ducommun by 18.5% during the first quarter. Bank of America Corp DE now owns 50,637 shares of the aerospace company’s stock worth $6,178,000 after buying an additional 7,922 shares during the last quarter. Parvin Asset Management LLC grew its stake in Ducommun by 8.9% during the first quarter. Parvin Asset Management LLC now owns 1,340 shares of the aerospace company’s stock worth $163,000 after buying an additional 110 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Ducommun by 32.6% during the first quarter. California State Teachers Retirement System now owns 17,985 shares of the aerospace company’s stock worth $2,194,000 after purchasing an additional 4,419 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of Ducommun by 10.6% during the first quarter. Quantinno Capital Management LP now owns 5,019 shares of the aerospace company’s stock worth $612,000 after purchasing an additional 481 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors.

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.