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

Wall Street Zen upgraded shares of Ducommun (NYSE:DCO) from a hold rating to a buy rating in a report released on Saturday.

A number of other research firms have also weighed in on DCO. The Goldman Sachs Group increased their price objective on shares of Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Citigroup reduced their price objective on shares of Ducommun from $143.00 to $141.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a research report on Wednesday, January 28th. Royal Bank Of Canada raised their target price on shares of Ducommun from $142.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ducommun in a research report on Monday, December 29th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Ducommun has an average rating of “Moderate Buy” and a consensus target price of $139.75.

Ducommun Stock Performance

Ducommun stock opened at $137.69 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.50 and a quick ratio of 2.47. Ducommun has a 1-year low of $53.78 and a 1-year high of $143.33. The firm has a market capitalization of $2.06 billion, a P/E ratio of -59.61 and a beta of 1.00. The company’s 50-day moving average is $128.09 and its 200 day moving average is $108.71.

Ducommun (NYSE:DCO) last posted its quarterly earnings data on Thursday, February 26th. The aerospace company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.47%. The company had revenue of $215.80 million for the quarter, compared to analyst estimates of $217.42 million. During the same period in the prior year, the company posted $0.75 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts forecast that Ducommun will post 3.21 EPS for the current year.

Insider Transactions at Ducommun

In related news, Director Richard A. Baldridge sold 10,440 shares of Ducommun stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the transaction, the director directly owned 20,100 shares of the company’s stock, valued at $2,629,683. This trade represents a 34.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 5.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ducommun

Several institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its holdings in Ducommun by 95.9% during the first quarter. SG Americas Securities LLC now owns 60,333 shares of the aerospace company’s stock valued at $7,361,000 after buying an additional 29,534 shares during the period. Hsbc Holdings PLC increased its holdings in Ducommun by 84.5% during the fourth quarter. Hsbc Holdings PLC now owns 5,822 shares of the aerospace company’s stock valued at $553,000 after buying an additional 2,667 shares during the period. XTX Topco Ltd purchased a new position in Ducommun during the fourth quarter valued at approximately $628,000. VARCOV Co. purchased a new position in Ducommun during the fourth quarter valued at approximately $536,000. Finally, Voloridge Investment Management LLC purchased a new position in Ducommun during the fourth quarter valued at approximately $421,000. 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.