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

Ducommun Incorporated (NYSE:DCO) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $139.75.

DCO has been the subject of a number of research reports. Citigroup lowered their target price on Ducommun from $143.00 to $141.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a report on Wednesday, January 28th. The Goldman Sachs Group increased their target price on Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ducommun in a report on Monday, December 29th. Finally, Truist Financial increased their target price on Ducommun from $124.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 27th.

Insider Transactions at Ducommun

In other Ducommun news, Director Richard A. Baldridge sold 10,440 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the completion of the transaction, the director owned 20,100 shares in the company, valued at approximately $2,629,683. This represents a 34.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Ducommun

Large investors have recently modified their holdings of the business. AQR Capital Management LLC raised its holdings in Ducommun by 14.5% during the first quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company’s stock worth $4,844,000 after acquiring an additional 10,574 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Ducommun by 4.1% during 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 in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Ducommun by 618.8% during the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 297 shares in the last quarter. First Trust Advisors LP raised its holdings in Ducommun by 10.0% during the second quarter. First Trust Advisors LP now owns 5,809 shares of the aerospace company’s stock worth $480,000 after acquiring an additional 528 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in Ducommun by 7.9% during the second quarter. Marshall Wace LLP now owns 71,545 shares of the aerospace company’s stock worth $5,912,000 after acquiring an additional 5,212 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Ducommun Stock Performance

Shares of Ducommun stock opened at $137.69 on Wednesday. The company has a market capitalization of $2.06 billion, a PE ratio of -59.61 and a beta of 1.00. Ducommun has a 12 month low of $53.78 and a 12 month high of $143.33. The company has a current ratio of 3.50, a quick ratio of 2.47 and a debt-to-equity ratio of 0.45. The stock’s fifty day simple moving average is $128.09 and its 200 day simple moving average is $108.80.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Thursday, February 26th. The aerospace company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.91 by $0.14. The business had revenue of $215.80 million for the quarter, compared to the consensus estimate of $217.42 million. Ducommun had a positive return on equity of 8.47% and a negative net margin of 4.11%.The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 EPS. On average, research analysts predict that Ducommun will post 3.21 EPS for the current year.

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.