Ducommun Incorporated (NYSE:DCO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Ducommun Incorporated (NYSE:DCO) have received an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $140.25.

Several research firms recently weighed in on DCO. Wall Street Zen lowered Ducommun from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ducommun in a research report on Monday, December 29th. The Goldman Sachs Group increased their target price on shares of Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Truist Financial raised their target price on shares of Ducommun from $124.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Finally, Royal Bank Of Canada lifted their price target on shares of Ducommun from $142.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th.

Insider Buying and Selling

In other Ducommun news, Director Richard A. Baldridge sold 10,440 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $130.83, for a total value of $1,365,865.20. Following the transaction, the director owned 20,100 shares of the company’s stock, valued at $2,629,683. This represents a 34.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DCO. Cornerstone Planning Group LLC increased its holdings in Ducommun by 6,725.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 269 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after buying an additional 297 shares during the period. Traub Capital Management LLC bought a new position in shares of Ducommun during the 2nd quarter worth $35,000. Financial Consulate Inc. bought a new position in shares of Ducommun during the 3rd quarter worth $48,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Ducommun during the third quarter valued at $63,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Ducommun Stock Performance

NYSE:DCO opened at $120.45 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.50 and a quick ratio of 2.47. Ducommun has a 1 year low of $51.76 and a 1 year high of $140.02. The stock’s 50 day simple moving average is $121.35 and its two-hundred day simple moving average is $103.29. The company has a market cap of $1.81 billion, a price-to-earnings ratio of -52.14 and a beta of 1.03.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Thursday, February 26th. The aerospace company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.14. Ducommun had a positive return on equity of 8.47% and a negative net margin of 4.11%.The company had revenue of $215.80 million for the quarter, compared to analysts’ expectations of $217.42 million. During the same period in the previous year, the firm posted $0.75 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts anticipate that Ducommun will post 3.21 earnings per share for the current fiscal year.

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.