Zacks Research Upgrades Ducommun (NYSE:DCO) to Strong-Buy

Ducommun (NYSE:DCO) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

DCO has been the topic of a number of other research reports. Weiss Ratings lowered Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. Wall Street Zen raised Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a research note on Friday. Truist Financial lifted their price objective on shares of Ducommun from $136.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Ducommun in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $180.80.

Ducommun Price Performance

DCO stock opened at $197.52 on Monday. The stock has a 50-day moving average price of $173.37 and a two-hundred day moving average price of $146.35. The stock has a market cap of $2.98 billion, a PE ratio of -105.63 and a beta of 1.04. The company has a current ratio of 3.36, a quick ratio of 2.38 and a debt-to-equity ratio of 0.39. 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 results on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.20. The company had revenue of $224.49 million for the quarter, compared to analyst estimates of $214.32 million. Ducommun had a positive return on equity of 9.20% and a negative net margin of 3.10%.The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 earnings per share. Equities analysts forecast that Ducommun will post 4.19 EPS for the current fiscal year.

Insider Buying and Selling

In other Ducommun news, VP Rajiv A. Tata sold 1,612 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total value of $233,740.00. Following the completion of the transaction, the vice president directly owned 33,171 shares in the company, valued at $4,809,795. This trade represents a 4.63% 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. Also, VP Laureen S. Gonzalez sold 589 shares of the business’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 value of $89,522.11. Following the transaction, the vice president directly owned 11,172 shares in the company, valued at $1,698,032.28. This trade represents a 5.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 7,883 shares of company stock worth $1,200,336. Corporate insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Ducommun

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Ducommun by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock worth $80,134,000 after acquiring an additional 19,143 shares in the last quarter. Meros Investment Management LP grew its position in shares of Ducommun by 4.8% in the 4th quarter. Meros Investment Management LP now owns 174,485 shares of the aerospace company’s stock valued at $16,599,000 after acquiring an additional 7,945 shares during the period. Hsbc Holdings PLC increased its stake in shares of Ducommun by 124.9% during the 1st quarter. Hsbc Holdings PLC now owns 13,091 shares of the aerospace company’s stock worth $1,569,000 after purchasing an additional 7,269 shares during the last quarter. Calamos Advisors LLC acquired a new position in shares of Ducommun during the 1st quarter worth about $960,000. Finally, B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Ducommun in the 4th quarter valued at about $1,786,000. 92.15% of the stock is owned by institutional investors.

About Ducommun

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.