Ducommun Incorporated (NYSE:DCO) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Ducommun has a “Moderate Buy” consensus rating from seven analysts: four buys, two holds and one strong buy. The average 12-month price target is $192.60, with recent targets ranging as high as $209.
• The aerospace manufacturer exceeded quarterly expectations, reporting $1.18 in EPS versus the $0.98 consensus and revenue of $224.49 million, up 11% year over year.
• Institutional investors own 92.15% of Ducommun’s shares, while CEO Stephen Oswald sold 5,766 shares at an average price of $201.15; the stock recently opened at $172.60.

Ducommun Incorporated (NYSE:DCO - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $192.60.

DCO has been the subject of a number of analyst reports. Weiss Ratings raised shares of Ducommun from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, September 1st. B. Riley Financial restated a "buy" rating on shares of Ducommun in a research report on Friday, August 7th. Citigroup reaffirmed a "buy" rating on shares of Ducommun in a research note on Wednesday, August 12th. Royal Bank Of Canada boosted their price target on Ducommun from $175.00 to $200.00 and gave the company a "sector performer" rating in a report on Friday, August 7th. Finally, Truist Financial increased their price target on Ducommun from $150.00 to $209.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th.

Ducommun Stock Up 3.3%

DCO opened at $172.60 on Friday. The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39. The firm has a market cap of $2.61 billion, a P/E ratio of -92.30 and a beta of 1.04. Ducommun has a 52 week low of $84.76 and a 52 week high of $210.39. The business's fifty day simple moving average is $180.55 and its 200 day simple moving average is $156.31.

Ducommun (NYSE:DCO - Get Free Report) last announced its earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The firm had revenue of $224.49 million during the quarter, compared to the consensus estimate of $214.32 million. During the same quarter in the previous year, the company posted $0.88 EPS. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts anticipate that Ducommun will post 4.26 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Stephen Oswald sold 5,766 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $201.15, for a total transaction of $1,159,830.90. Following the transaction, the chief executive officer directly owned 385,875 shares in the company, valued at approximately $77,618,756.25. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.00% of the company's stock.

Institutional Trading of Ducommun

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its position in shares of Ducommun by 14.5% in the first quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company's stock worth $4,844,000 after acquiring an additional 10,574 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ducommun by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company's stock valued at $467,000 after purchasing an additional 319 shares during the period. EverSource Wealth Advisors LLC increased its position in 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 during the last quarter. First Trust Advisors LP increased its position in Ducommun by 10.0% during the second quarter. First Trust Advisors LP now owns 5,809 shares of the aerospace company's stock worth $480,000 after purchasing an additional 528 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in Ducommun by 7.9% during the second quarter. Marshall Wace LLP now owns 71,545 shares of the aerospace company's stock worth $5,912,000 after purchasing an additional 5,212 shares during the period. Hedge funds and other institutional investors own 92.15% of the company's stock.

Ducommun Company Profile

Ducommun Incorporated is a diversified manufacturing company that provides engineered products and production services primarily for the aerospace and defense industries. The company supplies components and assemblies used in commercial aircraft, military platforms, space systems and other specialized applications.

Ducommun's Electronic Systems business produces electronic and electromechanical assemblies, interconnect systems, high-reliability components, RF and microwave products, and other systems used in avionics, communications, radar and defense applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.