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

Ducommun Incorporated (NYSE:DCO) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $113.00.

Several analysts have issued reports on the company. B. Riley restated a “buy” rating on shares of Ducommun in a report on Wednesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Ducommun in a research report on Monday, December 29th. The Goldman Sachs Group raised their price objective on shares of Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Citigroup boosted their target price on shares of Ducommun from $110.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Finally, Wall Street Zen cut shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 10th.

Ducommun Stock Up 0.3%

Shares of NYSE DCO opened at $111.45 on Friday. The stock has a market cap of $1.67 billion, a PE ratio of -47.63 and a beta of 1.07. 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 12-month low of $51.76 and a 12-month high of $117.07. The company has a 50-day moving average of $99.40 and a 200 day moving average of $94.70.

Ducommun (NYSE:DCO) last issued its 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. The business had revenue of $212.56 million for the quarter, compared to analysts’ expectations of $211.41 million. Ducommun had a positive return on equity of 7.70% and a negative net margin of 4.29%.The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 EPS. As a group, sell-side analysts predict that Ducommun will post 3.21 EPS for the current fiscal year.

Insider Transactions at Ducommun

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of Ducommun stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $92.86, for a total value of $185,720.00. Following the sale, the vice president owned 65,269 shares in the company, valued at $6,060,879.34. The trade was a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.90% of the stock is currently owned by company insiders.

Institutional Trading of Ducommun

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its stake in shares of Ducommun by 16.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company’s stock valued at $72,000 after acquiring an additional 107 shares during the period. Envestnet Asset Management Inc. raised its position in Ducommun by 3.8% in the third quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock valued at $311,000 after purchasing an additional 117 shares during the period. Panagora Asset Management Inc. raised its position in Ducommun by 0.9% in the second quarter. Panagora Asset Management Inc. now owns 13,027 shares of the aerospace company’s stock valued at $1,076,000 after purchasing an additional 119 shares during the period. CWM LLC lifted its stake in Ducommun by 27.7% during the second quarter. CWM LLC now owns 687 shares of the aerospace company’s stock worth $57,000 after purchasing an additional 149 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Ducommun by 2.3% during the third quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company’s stock worth $657,000 after buying an additional 153 shares during the period. 92.15% of the stock is currently owned by hedge funds and other 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.