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

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

Several other research firms have also recently commented on DCO. Citigroup raised their target price on shares of Ducommun from $167.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. 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 report on Tuesday, May 26th. The Goldman Sachs Group upped their target price on Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Royal Bank Of Canada lowered Ducommun from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $155.00 to $175.00 in a research report on Thursday, July 9th. Finally, Weiss Ratings cut Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.80.

Ducommun Price Performance

Shares of Ducommun stock opened at $169.03 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.59 and a current ratio of 3.67. Ducommun has a 52-week low of $84.76 and a 52-week high of $196.63. The company has a fifty day moving average of $160.83 and a 200-day moving average of $137.02. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of -71.62 and a beta of 1.03.

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

Insiders Place Their Bets

In other news, VP Jerry L. Redondo sold 5,682 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $154.36, for a total transaction of $877,073.52. Following the sale, the vice president owned 62,034 shares of the company’s stock, valued at $9,575,568.24. This trade represents a 8.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 11,172 shares in the company, valued at approximately $1,698,032.28. The trade was a 5.01% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 7,883 shares of company stock valued at $1,200,336. Corporate insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Ducommun

Hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Ducommun by 16.4% in 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 grew 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 valued at $163,000 after purchasing an additional 110 shares during the last quarter. Envestnet Asset Management Inc. grew 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 valued at $311,000 after purchasing an additional 117 shares during the last quarter. Ameriprise Financial Inc. raised its position in Ducommun by 2.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company’s stock worth $657,000 after purchasing an additional 153 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in Ducommun by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 5,014 shares of the aerospace company’s stock worth $414,000 after purchasing an additional 155 shares during 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.