Ducommun Incorporated (NYSE:DCO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Ducommun Incorporated (NYSE:DCO) have been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $192.60.

A number of analysts recently issued reports on DCO shares. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a research report on Friday, August 7th. Weiss Ratings raised shares of Ducommun from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Royal Bank Of Canada boosted their price objective on shares of Ducommun from $175.00 to $200.00 and gave the stock a “sector performer” rating in a research note on Friday, August 7th. Zacks Research raised shares of Ducommun from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Ducommun in a research note on Monday, August 10th.

Insider Transactions at Ducommun

In other Ducommun news, CEO Stephen Oswald sold 2,500 shares of the firm’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 transaction, the chief executive officer directly owned 383,864 shares of the company’s stock, valued at $78,289,062.80. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Ducommun

Large investors have recently modified their holdings of the stock. Allworth Financial LP purchased a new stake in shares of Ducommun during the 2nd quarter valued at about $26,000. Optiver Holding B.V. purchased a new position in Ducommun in the 1st quarter worth approximately $27,000. EverSource Wealth Advisors LLC grew its position in Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 297 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Ducommun in the second quarter valued at approximately $33,000. Finally, State of Wyoming purchased a new stake in shares of Ducommun during the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Price Performance

Shares of Ducommun stock opened at $172.60 on Friday. The business’s fifty day moving average price is $180.55 and its 200 day moving average price is $156.31. Ducommun has a twelve month low of $84.76 and a twelve month high of $210.39. The company has a current ratio of 3.36, a quick ratio of 2.38 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $2.61 billion, a P/E ratio of -92.30 and a beta of 1.04.

Ducommun (NYSE:DCO) last released its quarterly earnings data 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 the consensus estimate 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 last year, the business posted $0.88 EPS. As a group, research analysts anticipate that Ducommun will post 4.26 earnings per share for the current year.

Ducommun Company Profile

Ducommun Incorporated is a diversified manufacturing company that provides engineered products and production services primarily for the aerospace and defense industries. The company supplies components and assemblies used in commercial aircraft, military platforms, space systems and other specialized applications.

Ducommun’s Electronic Systems business produces electronic and electromechanical assemblies, interconnect systems, high-reliability components, RF and microwave products, and other systems used in avionics, communications, radar and defense applications.