Ducommun (NYSE:DCO) Upgraded at Zacks Research

Zacks Research upgraded shares of Ducommun (NYSE:DCO) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ducommun in a research report on Monday. Wall Street Zen downgraded shares of Ducommun from a “strong-buy” rating to a “buy” rating in a report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Ducommun currently has an average rating of “Moderate Buy” and an average price target of $97.50.

Ducommun Price Performance

Ducommun stock opened at $92.90 on Monday. The firm has a market capitalization of $1.39 billion, a P/E ratio of -39.70 and a beta of 1.08. The business has a 50-day moving average of $92.57 and a 200-day moving average of $88.60. The company has a current ratio of 2.04, a quick ratio of 1.46 and a debt-to-equity ratio of 0.33. Ducommun has a 1 year low of $51.76 and a 1 year high of $101.47.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Thursday, November 6th. The aerospace company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Ducommun had a negative net margin of 4.29% and a positive return on equity of 7.70%. The firm had revenue of $212.56 million for the quarter, compared to analyst estimates of $211.41 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. On average, equities analysts anticipate that Ducommun will post 3.21 EPS for the current year.

Insider Activity at Ducommun

In related news, VP Jerry L. Redondo sold 1,594 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $93.83, for a total value of $149,565.02. Following the sale, the vice president directly owned 67,269 shares of the company’s stock, valued at $6,311,850.27. This trade represents a 2.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 8.90% of the company’s stock.

Institutional Trading of Ducommun

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC raised its stake in Ducommun by 6,725.0% during the third quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after buying an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in 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 acquiring an additional 297 shares during the period. Traub Capital Management LLC bought a new position in shares of Ducommun in the 2nd quarter worth about $35,000. Financial Consulate Inc. acquired a new position in shares of Ducommun in the 3rd quarter valued at about $48,000. Finally, CWM LLC boosted its position in shares of Ducommun by 27.7% during the 2nd quarter. CWM LLC now owns 687 shares of the aerospace company’s stock valued at $57,000 after purchasing an additional 149 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors.

About Ducommun

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.