Ducommun Incorporated (NYSE:DCO) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Ducommun has a consensus analyst rating of “Moderate Buy” from seven analysts (five Buy, two Hold) with an average 12‑month price target of $139.75.
• In the latest quarter Ducommun reported EPS of $1.05, beating estimates of $0.91, while revenue was $215.8M—slightly below estimates but up 9.4% year‑over‑year.
• Director Richard A. Baldridge sold 10,440 shares for about $1.37M (a 34.18% reduction in his stake); insiders own 5% of the company while institutional investors hold 92.15%.

Ducommun Incorporated (NYSE:DCO - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are covering the stock, 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 twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $139.75.

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Ducommun from $142.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, March 13th. Citigroup decreased their price target on shares of Ducommun from $143.00 to $141.00 and set a "buy" rating for the company in a research report on Thursday, April 2nd. B. Riley Financial reissued a "buy" rating on shares of Ducommun in a research report on Wednesday, January 28th. Weiss Ratings reissued a "hold (c-)" rating on shares of Ducommun in a research report on Monday, December 29th. Finally, The Goldman Sachs Group raised their price target on shares of Ducommun from $117.00 to $132.00 and gave the stock a "buy" rating in a research report on Tuesday, January 20th.

Insider Buying and Selling at Ducommun

In other news, Director Richard A. Baldridge sold 10,440 shares of the firm's stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the completion of the sale, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.00% of the company's stock.

Institutional Trading of Ducommun

A number of hedge funds have recently made changes to their positions in DCO. Cornerstone Planning Group LLC boosted its holdings in Ducommun by 6,725.0% in the third 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 boosted its holdings 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 purchasing an additional 297 shares during the period. Financial Consulate Inc. bought a new stake in shares of Ducommun during the 3rd quarter valued at about $48,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Ducommun during the 3rd quarter valued at about $63,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Ducommun during the 3rd quarter valued at about $79,000. Institutional investors and hedge funds own 92.15% of the company's stock.

Ducommun Trading Up 0.2%

DCO opened at $141.25 on Wednesday. The firm has a market capitalization of $2.12 billion, a P/E ratio of -61.15 and a beta of 1.00. The firm's 50 day moving average is $126.95 and its 200-day moving average is $107.88. Ducommun has a 52-week low of $53.78 and a 52-week high of $143.33. The company has a quick ratio of 2.47, a current ratio of 3.50 and a debt-to-equity ratio of 0.45.

Ducommun (NYSE:DCO - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The aerospace company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.14. The company had revenue of $215.80 million for the quarter, compared to analyst estimates of $217.42 million. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.47%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. Analysts expect that Ducommun will post 3.21 EPS for the current fiscal year.

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.

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