Ducommun (NYSE:DCO) Rating Lowered to “Hold” at Wall Street Zen

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

A number of other brokerages have also commented on DCO. The Goldman Sachs Group upped their price target on shares of Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. B. Riley Financial restated a “buy” rating on shares of Ducommun in a research report on Wednesday, January 28th. Royal Bank Of Canada boosted 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. Truist Financial upped their target price on Ducommun from $124.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Ducommun in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Ducommun presently has an average rating of “Moderate Buy” and an average target price of $139.75.

Ducommun Trading Up 0.3%

Shares of Ducommun stock opened at $127.41 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. The business has a fifty day simple moving average of $123.49 and a two-hundred day simple moving average of $105.69. Ducommun has a 1 year low of $51.76 and a 1 year high of $140.02. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of -55.16 and a beta of 1.00.

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

Insider Transactions at Ducommun

In other Ducommun news, Director Richard A. Baldridge sold 10,440 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the transaction, the director owned 20,100 shares in the company, valued at $2,629,683. This trade represents a 34.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.00% of the stock is owned by corporate insiders.

Institutional Trading of Ducommun

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Ducommun by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock worth $80,134,000 after purchasing an additional 19,143 shares during the period. State Street Corp lifted its position in Ducommun by 10.4% during the fourth quarter. State Street Corp now owns 670,966 shares of the aerospace company’s stock worth $63,829,000 after purchasing an additional 63,070 shares during the period. Gamco Investors INC. ET AL grew its stake in Ducommun by 6.5% during the second quarter. Gamco Investors INC. ET AL now owns 626,611 shares of the aerospace company’s stock worth $51,777,000 after buying an additional 38,333 shares in the last quarter. Geode Capital Management LLC grew its stake in Ducommun by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 333,371 shares of the aerospace company’s stock worth $31,720,000 after buying an additional 5,899 shares in the last quarter. Finally, GW&K Investment Management LLC increased its holdings in Ducommun by 2.0% in the 4th quarter. GW&K Investment Management LLC now owns 319,772 shares of the aerospace company’s stock valued at $30,420,000 after buying an additional 6,192 shares during the period. 92.15% of the stock is owned by institutional investors and hedge funds.

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.