Shares of Ducommun Incorporated (NYSE:DCO – Get Free Report) have earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $154.00.
A number of analysts have commented on DCO shares. Wall Street Zen lowered Ducommun from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial upgraded Ducommun to a “strong-buy” rating in a report on Friday, May 1st. The Goldman Sachs Group lifted their target price on Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Citigroup decreased their price target on Ducommun from $143.00 to $141.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Finally, Royal Bank Of Canada increased their price target on Ducommun from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday.
Check Out Our Latest Stock Analysis on Ducommun
Ducommun Stock Down 0.3%
Ducommun (NYSE:DCO – Get Free Report) last posted its earnings results on Tuesday, May 12th. The aerospace company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.68 by $0.07. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The company had revenue of $209.02 million during the quarter, compared to the consensus estimate of $199.61 million. During the same period in the previous year, the firm posted $0.83 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities research analysts predict that Ducommun will post 4.01 earnings per share for the current fiscal year.
Insider Activity at Ducommun
In related news, Director Richard A. Baldridge sold 10,440 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the transaction, the director directly owned 20,100 shares of the company’s stock, valued at $2,629,683. This trade represents a 34.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.00% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Ducommun
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Ducommun in the 1st quarter worth approximately $56,000. Sei Investments Co. increased its position in shares of Ducommun by 122.8% during the first quarter. Sei Investments Co. now owns 48,840 shares of the aerospace company’s stock valued at $5,958,000 after acquiring an additional 26,923 shares during the last quarter. State of Wyoming purchased a new stake in shares of Ducommun during the first quarter valued at approximately $35,000. Cetera Investment Advisers lifted its holdings in Ducommun by 13.0% during the first quarter. Cetera Investment Advisers now owns 2,581 shares of the aerospace company’s stock worth $315,000 after acquiring an additional 297 shares during the period. Finally, Continuum Wealth Advisors LLC bought a new stake in Ducommun during the first quarter worth $218,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Ducommun
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Receive News & Ratings for Ducommun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ducommun and related companies with MarketBeat.com's FREE daily email newsletter.
