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

Ducommun Incorporated (NYSE:DCO) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $162.00.

DCO has been the topic of a number of recent analyst reports. Royal Bank Of Canada lifted their price target on shares of Ducommun from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Citigroup lifted their price target 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. Weiss Ratings reissued a “hold (c)” rating on shares of Ducommun in a research report on Wednesday. The Goldman Sachs Group boosted their target price on shares of Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, B. Riley Financial boosted their target price on shares of Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th.

Insider Buying and Selling

In related news, VP Jerry L. Redondo sold 5,682 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $154.36, for a total transaction of $877,073.52. Following the transaction, the vice president owned 62,034 shares of the company’s stock, valued at approximately $9,575,568.24. The trade was a 8.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Laureen S. Gonzalez sold 589 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $151.99, for a total transaction 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 7,883 shares of company stock valued at $1,200,336. 5.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ducommun

Institutional investors and hedge funds have recently bought and sold shares of the stock. Optiver Holding B.V. bought a new position in Ducommun during the first quarter worth $27,000. State of Wyoming acquired a new stake in Ducommun during the first quarter worth $35,000. EverSource Wealth Advisors LLC boosted its stake in Ducommun by 618.8% during the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after buying an additional 297 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Ducommun during the first quarter worth $56,000. Finally, KBC Group NV acquired a new stake in Ducommun during the first quarter worth $71,000. Institutional investors own 92.15% of the company’s stock.

Ducommun Trading Down 0.5%

NYSE:DCO opened at $176.77 on Monday. Ducommun has a 12 month low of $80.69 and a 12 month high of $177.66. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of -74.90 and a beta of 1.06. The company has a quick ratio of 2.59, a current ratio of 3.67 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $149.95 and its 200-day moving average is $128.37.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The company had revenue of $209.02 million for the quarter, compared to analyst estimates of $199.61 million. During the same quarter last year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities analysts anticipate that Ducommun will post 4.07 EPS for the current year.

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.