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

Ducommun Incorporated (NYSE:DCO) has received an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $97.50.

A number of analysts have recently weighed in on DCO shares. Royal Bank Of Canada increased their price objective on shares of Ducommun from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Zacks Research lowered shares of Ducommun from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ducommun in a research note on Thursday. Finally, Wall Street Zen cut Ducommun from a “strong-buy” rating to a “buy” rating in a report on Monday, November 10th.

Ducommun Trading Down 0.3%

Shares of NYSE:DCO opened at $91.18 on Friday. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.31. Ducommun has a 52-week low of $51.76 and a 52-week high of $101.47. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 34.67 and a beta of 1.38. The business has a 50-day moving average price of $93.85 and a 200-day moving average price of $85.45.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Thursday, November 6th. The aerospace company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. The company had revenue of $212.56 million for the quarter, compared to the consensus estimate of $211.41 million. During the same quarter in the prior year, the company earned $0.67 EPS. Ducommun’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts predict that Ducommun will post 3.21 EPS for the current year.

Insider Transactions at Ducommun

In other Ducommun news, VP Jerry L. Redondo sold 1,594 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $93.83, for a total value of $149,565.02. Following the completion of the transaction, the vice president directly owned 67,269 shares of the company’s stock, valued at approximately $6,311,850.27. The trade was a 2.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Ducommun

A number of large investors have recently bought and sold shares of DCO. Creative Planning acquired a new stake in Ducommun in the third quarter valued at approximately $238,000. Man Group plc raised its stake in shares of Ducommun by 7.8% during the 3rd quarter. Man Group plc now owns 12,438 shares of the aerospace company’s stock worth $1,196,000 after buying an additional 896 shares during the period. Two Sigma Investments LP lifted its position in shares of Ducommun by 839.7% during the 3rd quarter. Two Sigma Investments LP now owns 72,740 shares of the aerospace company’s stock valued at $6,992,000 after buying an additional 64,999 shares in the last quarter. Jump Financial LLC lifted its position in shares of Ducommun by 183.2% during the 3rd quarter. Jump Financial LLC now owns 29,831 shares of the aerospace company’s stock valued at $2,868,000 after buying an additional 19,299 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its stake in Ducommun by 18.4% in the 3rd quarter. Kennedy Capital Management LLC now owns 287,298 shares of the aerospace company’s stock valued at $27,618,000 after acquiring an additional 44,564 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Company Profile

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.