Ducommun Incorporated (NYSE:DCO) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $48.80.

A number of research analysts have recently commented on the stock. Noble Financial upgraded shares of Ducommun from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a report on Tuesday, August 6th. ValuEngine cut shares of Ducommun from a “buy” rating to a “hold” rating in a report on Thursday, July 18th. SunTrust Banks cut shares of Ducommun from a “buy” rating to a “hold” rating and set a $45.00 price target on the stock. in a report on Friday, June 14th. Sidoti cut shares of Ducommun from a “buy” rating to a “neutral” rating and set a $53.00 price target on the stock. in a report on Wednesday, May 22nd. Finally, Zacks Investment Research upgraded shares of Ducommun from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Thursday, August 8th.

Shares of NYSE DCO traded down $0.49 during mid-day trading on Friday, reaching $44.02. The company had a trading volume of 72,260 shares, compared to its average volume of 71,000. The business’s 50-day moving average is $42.06 and its 200-day moving average is $43.97. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 0.89. The stock has a market cap of $487.60 million, a price-to-earnings ratio of 22.12 and a beta of 0.76. Ducommun has a 52 week low of $33.30 and a 52 week high of $52.04.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Monday, August 5th. The aerospace company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.11. The firm had revenue of $180.50 million for the quarter, compared to analysts’ expectations of $167.92 million. Ducommun had a net margin of 2.97% and a return on equity of 10.19%. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. As a group, equities research analysts forecast that Ducommun will post 2.54 earnings per share for the current year.

In related news, Director Robert C. Ducommun sold 2,000 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the sale, the director now directly owns 405,715 shares of the company’s stock, valued at $18,374,832.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Rose F. Rogers sold 2,300 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $42.75, for a total transaction of $98,325.00. Following the completion of the sale, the vice president now directly owns 24,918 shares of the company’s stock, valued at $1,065,244.50. The disclosure for this sale can be found here. 8.50% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in DCO. Point72 Hong Kong Ltd purchased a new stake in shares of Ducommun during the second quarter valued at about $25,000. Quantamental Technologies LLC purchased a new stake in shares of Ducommun during the first quarter valued at about $25,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Ducommun during the second quarter valued at about $36,000. New York State Teachers Retirement System purchased a new stake in shares of Ducommun during the second quarter valued at about $41,000. Finally, Griffin Asset Management Inc. purchased a new stake in shares of Ducommun during the second quarter valued at about $65,000. 83.58% of the stock is owned by institutional investors.

About Ducommun

Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace, defense, industrial, natural resources, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment offers cable assemblies and interconnect systems; printed circuit board assemblies; high-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, wire harnesses, surge suppressors, conformal shields, and other assemblies.

Featured Article: Bond

Receive News & Ratings for Ducommun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ducommun and related companies with MarketBeat.com's FREE daily email newsletter.