Wall Street Zen Downgrades Ducommun (NYSE:DCO) to Buy

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

DCO has been the topic of a number of other research reports. The Goldman Sachs Group increased their target price on Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Zacks Research upgraded shares of Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a research note on Wednesday, January 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Ducommun in a research report on Monday, December 29th. Finally, Citigroup lifted their price objective on Ducommun from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.00.

Ducommun Stock Performance

Shares of NYSE:DCO opened at $123.76 on Friday. 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 has a one year low of $51.76 and a one year high of $124.70. The firm’s 50 day simple moving average is $105.98 and its 200-day simple moving average is $97.10. The firm has a market cap of $1.85 billion, a PE ratio of -52.89 and a beta of 1.05.

Insider Activity

In related news, VP Jerry L. Redondo sold 2,000 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president owned 65,269 shares of the company’s stock, valued at approximately $6,060,879.34. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.90% of the stock is owned by company insiders.

Institutional Trading of Ducommun

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Ducommun by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock worth $80,134,000 after acquiring an additional 19,143 shares during the period. State Street Corp raised its stake in Ducommun by 10.4% during the fourth quarter. State Street Corp now owns 670,966 shares of the aerospace company’s stock worth $63,829,000 after purchasing an additional 63,070 shares during the period. Gamco Investors INC. ET AL boosted its holdings in Ducommun by 6.5% in the 2nd quarter. Gamco Investors INC. ET AL now owns 626,611 shares of the aerospace company’s stock valued at $51,777,000 after purchasing an additional 38,333 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Ducommun by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 333,371 shares of the aerospace company’s stock valued at $31,720,000 after buying an additional 5,899 shares during the period. Finally, GW&K Investment Management LLC grew its stake in shares of Ducommun by 2.0% in the 4th quarter. GW&K Investment Management LLC now owns 319,772 shares of the aerospace company’s stock valued at $30,420,000 after buying an additional 6,192 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.