Shares of Ducommun Incorporated (NYSE:DCO – Get Free Report) have been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $175.80.
DCO has been the topic of several analyst reports. Citigroup upped their target price on Ducommun from $167.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. The Goldman Sachs Group raised their target price on shares of Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Royal Bank Of Canada downgraded Ducommun from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $155.00 to $175.00 in a research note on Thursday, July 9th. Weiss Ratings raised shares of Ducommun from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Finally, B. Riley Financial upped their target price on Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th.
Read Our Latest Analysis on DCO
Ducommun Stock Performance
Ducommun (NYSE:DCO – Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. Ducommun had a positive return on equity of 8.41% and a negative net margin of 4.11%.The firm had revenue of $209.02 million during the quarter, compared to the consensus estimate of $199.61 million. During the same quarter in the prior year, the firm posted $0.83 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Equities analysts predict that Ducommun will post 4.07 earnings per share for the current fiscal year.
Insider Buying and Selling at Ducommun
In other news, VP Laureen S. Gonzalez sold 589 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $151.99, for a total value of $89,522.11. Following the sale, the vice president directly owned 11,172 shares in the company, valued at approximately $1,698,032.28. This trade represents a 5.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jerry L. Redondo sold 5,682 shares of the business’s stock in a transaction on 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 directly owned 62,034 shares in the company, valued at approximately $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 quarter, insiders have sold 7,883 shares of company stock valued at $1,200,336. 5.00% of the stock is currently owned by corporate insiders.
Institutional Trading of Ducommun
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Optiver Holding B.V. bought a new stake in shares of Ducommun in the first quarter worth $27,000. State of Wyoming bought a new position in Ducommun during the first quarter worth $35,000. EverSource Wealth Advisors LLC boosted its position in shares of Ducommun by 618.8% during 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Ducommun in the first quarter worth approximately $56,000. Finally, KBC Group NV bought a new position in shares of Ducommun in the 1st quarter worth $71,000. 92.15% of the stock is currently owned by institutional investors.
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.
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