Ducommun (NYSE:DCO) Lowered to Hold Rating by Wall Street Zen

Ducommun (NYSE:DCO) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Other research analysts also recently issued research reports about the stock. Zacks Research upgraded shares of Ducommun from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ducommun in a research report on Monday, December 29th. Truist Financial upped their price objective on Ducommun from $124.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Royal Bank Of Canada increased their target price on Ducommun from $142.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Finally, The Goldman Sachs Group lifted their target price on Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $139.75.

Ducommun Trading Up 0.3%

NYSE DCO opened at $127.41 on Friday. Ducommun has a 12 month low of $51.76 and a 12 month high of $140.02. The company has a current ratio of 3.50, a quick ratio of 2.47 and a debt-to-equity ratio of 0.45. The stock’s fifty day moving average price is $123.49 and its 200-day moving average price is $105.52. The stock has a market cap of $1.91 billion, a P/E ratio of -55.16 and a beta of 1.00.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Thursday, February 26th. The aerospace company reported $1.05 earnings per share (EPS) 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 firm had revenue of $215.80 million during the quarter, compared to analyst estimates of $217.42 million. During the same quarter in the previous year, the firm earned $0.75 EPS. Ducommun’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts forecast that Ducommun will post 3.21 EPS for the current fiscal year.

Insider Transactions at Ducommun

In other Ducommun news, Director Richard A. Baldridge sold 10,440 shares of the firm’s stock in a transaction dated 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 directly owned 20,100 shares of the company’s stock, valued at approximately $2,629,683. This trade represents a 34.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Ducommun

Institutional investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC grew its position in Ducommun by 6,725.0% during the third quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock valued at $26,000 after buying an additional 269 shares during the period. EverSource Wealth Advisors LLC raised its position in Ducommun by 618.8% in the second 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. Financial Consulate Inc. purchased a new position in shares of Ducommun during the 3rd quarter worth $48,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Ducommun during the 3rd quarter valued at $63,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Ducommun during the 3rd quarter valued at $79,000. Institutional investors own 92.15% of the company’s stock.

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.