Ducommun Incorporated (NYSE:DCO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Ducommun Incorporated (NYSE:DCO) have received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $144.50.

DCO has been the subject of a number of research reports. Wall Street Zen downgraded Ducommun from a “buy” rating to a “hold” rating in a report on Saturday. Truist Financial upgraded Ducommun to a “strong-buy” rating in a report on Friday, May 1st. B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a report on Wednesday, January 28th. Royal Bank Of Canada increased their price objective on Ducommun from $142.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. Finally, Citigroup decreased their price objective on Ducommun from $143.00 to $141.00 and set a “buy” rating for the company in a report on Thursday, April 2nd.

Ducommun Stock Down 0.1%

NYSE:DCO opened at $137.64 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.47 and a current ratio of 3.50. The company has a market cap of $2.06 billion, a PE ratio of -59.58 and a beta of 1.06. Ducommun has a 52-week low of $64.51 and a 52-week high of $148.82. The stock has a 50-day simple moving average of $132.32 and a 200 day simple moving average of $112.75.

Ducommun (NYSE:DCO) last posted its quarterly earnings data on Thursday, February 26th. The aerospace company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. The business had revenue of $215.80 million during the quarter, compared to the consensus estimate of $217.42 million. Ducommun had a positive return on equity of 8.47% and a negative net margin of 4.11%.Ducommun’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $0.75 earnings per share. On average, sell-side analysts expect that Ducommun will post 4.01 EPS for the current fiscal year.

Insider Activity

In other Ducommun news, Director Richard A. Baldridge sold 10,440 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $130.83, for a total value of $1,365,865.20. Following the completion of the transaction, the director directly owned 20,100 shares in the company, valued at $2,629,683. This trade represents a 34.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DCO. AQR Capital Management LLC grew its stake in Ducommun by 14.5% in the first quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company’s stock valued at $4,844,000 after purchasing an additional 10,574 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Ducommun by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock valued at $467,000 after purchasing an additional 319 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 297 shares in the last quarter. First Trust Advisors LP grew its stake in Ducommun by 10.0% in the second quarter. First Trust Advisors LP now owns 5,809 shares of the aerospace company’s stock valued at $480,000 after purchasing an additional 528 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Ducommun by 7.9% in the second quarter. Marshall Wace LLP now owns 71,545 shares of the aerospace company’s stock valued at $5,912,000 after purchasing an additional 5,212 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors.

Ducommun Company Profile

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.