Ducommun (NYSE:DCO – Get Free Report) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.
A number of other equities analysts have also recently commented on DCO. 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. Citigroup upped their price target on shares of Ducommun from $167.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a report on Friday. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Ducommun in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $180.80.
Get Our Latest Stock Analysis on DCO
Ducommun Trading Up 1.4%
Ducommun (NYSE:DCO – Get Free Report) last issued its earnings results on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.98 by $0.20. The company had revenue of $224.49 million during 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 firm’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 company posted $0.88 EPS. Analysts expect that Ducommun will post 4.19 earnings per share for the current year.
Insider Buying and Selling
In related news, VP Laureen S. Gonzalez sold 589 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $151.99, for a total transaction of $89,522.11. Following the completion of the sale, the vice president owned 11,172 shares of the company’s stock, valued at $1,698,032.28. This represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jerry L. Redondo sold 5,682 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $154.36, for a total transaction of $877,073.52. Following the sale, the vice president owned 62,034 shares in the company, valued at $9,575,568.24. The trade was a 8.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 7,883 shares of company stock valued at $1,200,336 over the last quarter. 5.00% of the stock is owned by company insiders.
Hedge Funds Weigh In On Ducommun
A number of institutional investors have recently modified their holdings of DCO. AQR Capital Management LLC grew its position in Ducommun by 14.5% in the first quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company’s stock valued at $4,844,000 after acquiring an additional 10,574 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Ducommun by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock worth $467,000 after acquiring an additional 319 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 297 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Ducommun by 10.0% during the 2nd quarter. First Trust Advisors LP now owns 5,809 shares of the aerospace company’s stock valued at $480,000 after purchasing an additional 528 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Ducommun by 7.9% during the 2nd quarter. Marshall Wace LLP now owns 71,545 shares of the aerospace company’s stock valued at $5,912,000 after purchasing an additional 5,212 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.
Ducommun Company Profile
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.
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