Ducommun (NYSE:DCO) Lowered to “Hold” Rating by Wall Street Zen

Ducommun (NYSE:DCO) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group raised their target price on shares of Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Weiss Ratings lowered shares of Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. Citigroup boosted their price target on Ducommun from $167.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. B. Riley Financial increased their price objective on Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, Truist Financial boosted their target price on Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Ducommun presently has an average rating of “Moderate Buy” and an average price target of $175.80.

Ducommun Stock Up 0.2%

DCO stock opened at $169.03 on Friday. Ducommun has a 12 month low of $84.76 and a 12 month high of $196.63. The firm has a market cap of $2.55 billion, a PE ratio of -71.62 and a beta of 1.03. The firm has a 50 day simple moving average of $160.83 and a 200 day simple moving average of $136.73. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.67 and a quick ratio of 2.59.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share (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 analyst estimates of $199.61 million. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 earnings per share. Equities research analysts forecast that Ducommun will post 4.07 earnings per share for the current fiscal year.

Insider Transactions at Ducommun

In other news, VP Laureen S. Gonzalez sold 589 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $151.99, for a total transaction of $89,522.11. Following the transaction, the vice president owned 11,172 shares in the company, valued at approximately $1,698,032.28. The trade was a 5.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jerry L. Redondo sold 5,682 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $154.36, for a total value of $877,073.52. Following the transaction, the vice president owned 62,034 shares in the company, valued at $9,575,568.24. This represents a 8.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 7,883 shares of company stock worth $1,200,336. 5.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ducommun

A number of institutional investors have recently bought and sold shares of DCO. Alliancebernstein L.P. increased its holdings in Ducommun by 1,993.3% in the 2nd quarter. Alliancebernstein L.P. now owns 302,969 shares of the aerospace company’s stock valued at $25,034,000 after buying an additional 288,496 shares during the period. Loomis Sayles & Co. L P acquired a new stake in shares of Ducommun during the 4th quarter valued at about $26,028,000. Millennium Management LLC boosted its position in shares of Ducommun by 267.3% during the 4th quarter. Millennium Management LLC now owns 116,872 shares of the aerospace company’s stock valued at $11,118,000 after acquiring an additional 85,056 shares in the last quarter. Van ECK Associates Corp increased its stake in Ducommun by 79.7% in the fourth quarter. Van ECK Associates Corp now owns 186,835 shares of the aerospace company’s stock valued at $17,774,000 after acquiring an additional 82,859 shares during the period. Finally, Two Sigma Investments LP increased its stake in Ducommun by 839.7% in the third quarter. Two Sigma Investments LP now owns 72,740 shares of the aerospace company’s stock valued at $6,992,000 after acquiring an additional 64,999 shares during the period. 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.