Ducommun (NYSE:DCO) Stock Rating Cut to Hold at Zacks Research

Zacks Research cut shares of Ducommun (NYSE:DCO) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks reports.

A number of other analysts also recently issued reports on the stock. Guggenheim began coverage on shares of Ducommun in a report on Friday. They set a “buy” rating and a $246.00 price objective for the company. Royal Bank Of Canada lifted their price objective on shares of Ducommun from $175.00 to $200.00 and gave the stock a “sector performer” rating in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a research report on Friday, August 7th. Finally, Truist Financial increased their target price 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. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ducommun presently has an average rating of “Moderate Buy” and an average target price of $201.50.

Ducommun Stock Up 0.5%

Shares of NYSE:DCO opened at $169.65 on Monday. Ducommun has a 1 year low of $84.76 and a 1 year high of $210.39. The company has a market capitalization of $2.56 billion, a PE ratio of -90.72 and a beta of 1.03. The business has a fifty day moving average price of $178.21 and a two-hundred day moving average price 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 (NYSE:DCO) last released its earnings results on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. The company had revenue of $224.49 million for the quarter, compared to analysts’ expectations of $214.32 million. Ducommun had a positive return on equity of 9.20% and a negative net margin of 3.10%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 EPS. Analysts forecast that Ducommun will post 4.26 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Stephen Oswald sold 2,500 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $203.95, for a total value of $509,875.00. Following the sale, the chief executive officer directly owned 383,864 shares in the company, valued at approximately $78,289,062.80. The trade was a 0.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Ducommun

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DCO. BlackRock Inc. bought a new stake in shares of Ducommun during the 2nd quarter valued at $359,395,000. Paradigm Capital Management Inc. NY purchased a new stake in Ducommun during the 2nd quarter worth about $142,704,000. Moore Capital Management LP bought a new position in Ducommun in the 2nd quarter worth about $44,236,000. Deutsche Bank AG bought a new position in Ducommun in the 2nd quarter worth about $41,095,000. Finally, Van ECK Associates Corp boosted its stake in Ducommun by 68.4% in the 2nd 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. Institutional investors own 92.15% of the company’s stock.

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.