Ducommun Incorporated (NYSE:DCO) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Ducommun Incorporated (NYSE:DCO) have earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $123.50.

DCO has been the subject of several analyst reports. B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a report on Wednesday, January 28th. Citigroup boosted their target price on shares of Ducommun from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Zacks Research raised Ducommun from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Wall Street Zen downgraded Ducommun from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Finally, Royal Bank Of Canada upped their price objective on Ducommun from $100.00 to $142.00 and gave the stock an “outperform” rating in a research report on Friday.

Insider Buying and Selling

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total value of $185,720.00. Following the transaction, 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 document filed with the SEC, which is available at this hyperlink. 8.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC lifted its position in Ducommun by 6,725.0% in the third quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Ducommun by 618.8% during the second 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. Traub Capital Management LLC purchased a new stake in shares of Ducommun in the 2nd quarter valued at about $35,000. Financial Consulate Inc. acquired a new stake in shares of Ducommun in the 3rd quarter valued at about $48,000. Finally, CWM LLC grew its stake in Ducommun by 27.7% during the 2nd quarter. CWM LLC now owns 687 shares of the aerospace company’s stock worth $57,000 after buying an additional 149 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Ducommun Stock Down 1.6%

DCO stock opened at $124.59 on Tuesday. The company’s 50 day moving average price is $109.85 and its 200 day moving average price is $98.57. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of -53.24 and a beta of 1.05. Ducommun has a fifty-two week low of $51.76 and a fifty-two week high of $128.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.46 and a current ratio of 2.04.

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.