Ducommun (NYSE:DCO) Rating Increased to Strong-Buy at Wall Street Zen

Ducommun (NYSE:DCO) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Several other research firms also recently commented on DCO. B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a research report on Wednesday, January 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Ducommun in a research report on Monday, December 29th. Zacks Research upgraded shares of Ducommun from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. The Goldman Sachs Group raised their target price on Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Finally, Citigroup upped their price target on Ducommun from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Ducommun has an average rating of “Moderate Buy” and an average target price of $113.00.

Ducommun Price Performance

Ducommun stock opened at $121.38 on Friday. The firm has a market cap of $1.81 billion, a PE ratio of -51.87 and a beta of 1.05. Ducommun has a one year low of $51.76 and a one year high of $123.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.04 and a quick ratio of 1.46. The stock’s fifty day moving average price is $102.81 and its two-hundred day moving average price is $95.95.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, November 6th. The aerospace company reported $0.99 earnings per share (EPS) 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 business had revenue of $212.56 million for the quarter, compared to analysts’ expectations of $211.41 million. During the same period last year, the firm posted $0.67 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, research analysts expect that Ducommun will post 3.21 EPS for the current fiscal year.

Insider Activity at Ducommun

In other news, VP Jerry L. Redondo sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $92.86, for a total transaction of $185,720.00. Following the sale, the vice president directly owned 65,269 shares in the company, valued at $6,060,879.34. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 8.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ducommun

Several large investors have recently made changes to their positions in DCO. AQR Capital Management LLC increased its stake in shares of Ducommun by 14.5% during the first quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company’s stock valued at $4,844,000 after buying an additional 10,574 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ducommun by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock worth $467,000 after purchasing an additional 319 shares during the period. KLP Kapitalforvaltning AS lifted its stake in shares of Ducommun by 26.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 2,900 shares of the aerospace company’s stock worth $240,000 after purchasing an additional 600 shares during the last quarter. CWM LLC grew its stake in Ducommun by 27.7% in the second quarter. CWM LLC now owns 687 shares of the aerospace company’s stock valued at $57,000 after purchasing an additional 149 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Ducommun during the second quarter valued at about $4,318,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

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.