Ducommun (NYSE:DCO) Stock Rating Upgraded by Wall Street Zen

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

A number of other analysts also recently weighed in on DCO. Citigroup increased their target price on shares of Ducommun from $141.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, May 18th. B. Riley Financial increased their target price on shares of Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group increased their target price on shares of Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Truist Financial raised their price objective on shares of Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Royal Bank Of Canada raised their price objective on shares of Ducommun from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Ducommun Stock Down 0.2%

Shares of NYSE DCO opened at $164.69 on Friday. The company has a 50 day simple moving average of $144.02 and a 200 day simple moving average of $122.80. The firm has a market cap of $2.49 billion, a PE ratio of -69.78 and a beta of 1.06. Ducommun has a 1 year low of $76.02 and a 1 year high of $167.88. 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 released its earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. The business had revenue of $209.02 million during 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 company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 EPS. On average, research analysts forecast that Ducommun will post 4.07 EPS for the current year.

Insider Transactions at Ducommun

In related news, VP Laureen S. Gonzalez sold 589 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $151.99, for a total value of $89,522.11. Following the transaction, the vice president directly owned 11,172 shares in the company, valued at $1,698,032.28. This trade represents a 5.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Rajiv A. Tata sold 1,612 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total value of $233,740.00. Following the completion of the transaction, the vice president owned 33,171 shares in the company, valued at approximately $4,809,795. This represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,883 shares of company stock valued at $1,200,336 in the last quarter. 5.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ducommun

A number of hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Ducommun by 16.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company’s stock worth $72,000 after acquiring an additional 107 shares during the last quarter. Parvin Asset Management LLC boosted its holdings in Ducommun by 8.9% during the 1st quarter. Parvin Asset Management LLC now owns 1,340 shares of the aerospace company’s stock worth $163,000 after acquiring an additional 110 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Ducommun by 3.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock worth $311,000 after acquiring an additional 117 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Ducommun by 2.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company’s stock worth $657,000 after acquiring an additional 153 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Ducommun by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,014 shares of the aerospace company’s stock worth $414,000 after acquiring an additional 155 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

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.