Ducommun Incorporated (NYSE:DCO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Ducommun Incorporated (NYSE:DCO) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $162.00.

Several research analysts have recently weighed in on the company. Citigroup increased their price target on Ducommun from $141.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Royal Bank Of Canada increased their price target on Ducommun from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. B. Riley Financial increased their price target on Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. The Goldman Sachs Group increased their price target on Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Wall Street Zen downgraded Ducommun from a “buy” rating to a “hold” rating in a research note on Monday, May 25th.

Insider Transactions at Ducommun

In other news, VP Rajiv A. Tata sold 1,612 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total transaction of $233,740.00. Following the completion of the transaction, the vice president owned 33,171 shares in the company, valued at approximately $4,809,795. This represents a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jerry L. Redondo sold 5,682 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $154.36, for a total value of $877,073.52. Following the transaction, the vice president owned 62,034 shares of the company’s stock, valued at $9,575,568.24. The trade was a 8.39% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 7,883 shares of company stock worth $1,200,336. 5.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. bought a new position in Ducommun in the 1st quarter worth about $27,000. Cornerstone Planning Group LLC boosted its stake in Ducommun by 6,725.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 269 shares during the period. State of Wyoming bought a new position in Ducommun in the 1st quarter worth about $35,000. EverSource Wealth Advisors LLC boosted its stake in Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Ducommun in the 1st quarter worth about $56,000. Institutional investors own 92.15% of the company’s stock.

Ducommun Stock Up 0.4%

Shares of NYSE:DCO opened at $150.45 on Thursday. The company has a market capitalization of $2.27 billion, a PE ratio of -63.75 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.67 and a quick ratio of 2.59. The business has a fifty day moving average price of $140.96 and a two-hundred day moving average price of $121.00. Ducommun has a 1 year low of $73.17 and a 1 year high of $156.32.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. The firm had revenue of $209.02 million during the quarter, compared to the consensus estimate of $199.61 million. Ducommun had a positive return on equity of 8.41% and a negative net margin of 4.11%.The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. Analysts forecast that Ducommun will post 4.07 earnings per share for the current year.

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.