Ducommun Incorporated (NYSE:DCO) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analysts rate Ducommun “Moderate Buy”: Four of seven analysts recommend buying the stock, one rates it a strong buy, and two recommend holding. The average 12-month price target is $192.60.
• Ducommun’s latest quarterly results exceeded expectations, with earnings per share of $1.18 versus the $0.98 estimate and revenue of $224.49 million versus $214.32 million expected. Revenue increased 11% year over year.
• Institutional ownership remains high at 92.15%, while CEO Stephen Oswald sold 5,766 shares for approximately $1.16 million. The stock opened at $175.30, within its 12-month range of $84.76 to $210.39.

Shares of Ducommun Incorporated (NYSE:DCO - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $192.60.

A number of analysts recently commented on DCO shares. Wall Street Zen upgraded Ducommun from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Weiss Ratings lowered Ducommun from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, September 18th. Truist Financial raised their target price on Ducommun from $150.00 to $209.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Royal Bank Of Canada lifted their target price on Ducommun from $175.00 to $200.00 and gave the stock a "sector performer" rating in a research note on Friday, August 7th. Finally, Zacks Research raised shares of Ducommun from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th.

Insiders Place Their Bets

In other Ducommun news, CEO Stephen Oswald sold 5,766 shares of the business's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $201.15, for a total value of $1,159,830.90. Following the transaction, the chief executive officer directly owned 385,875 shares in the company, valued at $77,618,756.25. The trade was a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ducommun

Several institutional investors have recently bought and sold shares of DCO. Sequoia Financial Advisors LLC bought a new position in Ducommun during the second quarter valued at $218,000. Integrated Wealth Concepts LLC bought a new stake in shares of Ducommun in the second quarter valued at $100,000. Squarepoint Ops LLC lifted its position in shares of Ducommun by 44.9% during the 2nd quarter. Squarepoint Ops LLC now owns 13,973 shares of the aerospace company's stock valued at $2,588,000 after buying an additional 4,332 shares during the last quarter. Nykredit A S purchased a new position in shares of Ducommun during the 2nd quarter valued at $55,000. Finally, Corient Private Wealth LP bought a new position in shares of Ducommun during the 2nd quarter worth $279,000. Hedge funds and other institutional investors own 92.15% of the company's stock.

Ducommun Trading Up 1.4%

NYSE DCO opened at $175.30 on Wednesday. The company has a current ratio of 3.36, a quick ratio of 2.38 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $179.50 and a 200 day simple moving average of $161.58. Ducommun has a 12 month low of $84.76 and a 12 month high of $210.39. The firm has a market capitalization of $2.65 billion, a P/E ratio of -93.74 and a beta of 1.03.

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, topping analysts' consensus estimates of $0.98 by $0.20. The firm had revenue of $224.49 million for the quarter, compared to the consensus estimate of $214.32 million. Ducommun had a positive return on equity of 9.20% and a negative net margin of 3.10%.The company's revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 EPS. On average, analysts predict that Ducommun will post 4.26 EPS for the current fiscal year.

About Ducommun

Ducommun Incorporated NYSE: DCO is a manufacturing company that designs, engineers and produces complex components and assemblies for the aerospace and defense industries. Its products include structural components, electronic and electromechanical systems, wiring and interconnect assemblies, and other specialized parts used in aircraft, spacecraft, missiles and military systems.

The company serves commercial aerospace, defense, space, medical and select industrial markets. Its capabilities include precision machining, forming, composite manufacturing, electronics manufacturing, circuit-card assembly, testing and systems integration.

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