Ducommun Incorporated (NYSE:DCO) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Ducommun Incorporated (NYSE:DCO) has earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong 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 $201.50.

A number of analysts have commented on DCO shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Ducommun in a research report on Monday, August 10th. Weiss Ratings downgraded Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 18th. Zacks Research raised shares of Ducommun from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Truist Financial increased their price target on shares of Ducommun from $150.00 to $209.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen raised Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 8th.

Insider Activity

In related news, CEO Stephen Oswald sold 2,500 shares of Ducommun stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $203.95, for a total transaction of $509,875.00. Following the completion of the sale, the chief executive officer owned 383,864 shares of the company’s stock, valued at approximately $78,289,062.80. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Ducommun during the second quarter valued at about $359,395,000. Paradigm Capital Management Inc. NY purchased a new stake in Ducommun in the second quarter worth about $142,704,000. Van ECK Associates Corp grew its stake in Ducommun by 68.4% in the second quarter. Van ECK Associates Corp now owns 427,603 shares of the aerospace company’s stock worth $79,196,000 after purchasing an additional 173,616 shares during the period. GW&K Investment Management LLC boosted its stake in Ducommun by 2.0% during the fourth quarter. GW&K Investment Management LLC now owns 319,772 shares of the aerospace company’s stock worth $30,420,000 after acquiring an additional 6,192 shares in the last quarter. Finally, Moore Capital Management LP purchased a new stake in shares of Ducommun in the 2nd quarter worth approximately $44,236,000. Institutional investors own 92.15% of the company’s stock.

Ducommun Stock Performance

Ducommun stock opened at $169.65 on Wednesday. The company has a market capitalization of $2.56 billion, a P/E ratio of 42.50 and a beta of 1.03. The business has a 50 day moving average of $178.21 and a 200-day moving average of $163.16. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.36 and a quick ratio of 2.38. Ducommun has a 1 year low of $84.76 and a 1 year high of $210.39.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Thursday, August 6th. The aerospace company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.20. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The company had revenue of $224.49 million for the quarter, compared to analysts’ expectations of $214.32 million. During the same quarter in the previous year, the firm posted $0.88 earnings per share. Ducommun’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities research analysts predict that Ducommun will post 4.26 earnings per share for the current year.

About Ducommun

Ducommun Incorporated (NYSE:DCO) is a manufacturing company that designs, engineers and produces complex components and assemblies for the aerospace and defense industries. Its products include structural components, electronic and electromechanical systems, wiring and interconnect assemblies, and other specialized parts used in aircraft, spacecraft, missiles and military systems.

The company serves commercial aerospace, defense, space, medical and select industrial markets. Its capabilities include precision machining, forming, composite manufacturing, electronics manufacturing, circuit-card assembly, testing and systems integration.