Ducommun Incorporated (NYSE:DCO) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Ducommun Incorporated has received a consensus rating of "Moderate Buy" from six ratings firms, with five analysts assigning a buy rating and one a hold rating. The average one-year price target is $97.50.
• Institutional ownership of Ducommun is high, with 92.15% of shares owned by institutional investors, including notable increases in holdings by Alliancebernstein and other firms during the second quarter.
• Ducommun reported earnings of $0.88 per share for the last quarter, surpassing analysts' expectations and reflecting a 2.7% year-over-year revenue growth.

Shares of Ducommun Incorporated (NYSE:DCO - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $97.50.

Several analysts recently issued reports on DCO shares. Zacks Research raised shares of Ducommun to a "hold" rating in a research note on Monday, August 11th. The Goldman Sachs Group upped their target price on shares of Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Truist Financial upped their target price on shares of Ducommun from $87.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Citigroup reissued a "buy" rating and issued a $101.00 price objective (up from $91.00) on shares of Ducommun in a research report on Monday, July 14th. Finally, Wall Street Zen raised shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 10th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DCO. Alliancebernstein L.P. grew its position in Ducommun by 1,993.3% during the second quarter. Alliancebernstein L.P. now owns 302,969 shares of the aerospace company's stock worth $25,034,000 after buying an additional 288,496 shares during the period. Ophir Asset Management Pty Ltd purchased a new position in shares of Ducommun during the second quarter valued at approximately $22,151,000. Brown Advisory Inc. purchased a new position in Ducommun during the second quarter worth approximately $17,025,000. Nuveen LLC purchased a new position in Ducommun during the first quarter worth approximately $5,097,000. Finally, LPL Financial LLC purchased a new position in Ducommun during the first quarter worth approximately $5,052,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Ducommun Trading Up 2.2%

NYSE DCO opened at $93.63 on Friday. The company has a market capitalization of $1.40 billion, a PE ratio of 35.60 and a beta of 1.41. The company has a fifty day moving average of $91.51 and a 200 day moving average of $76.15. Ducommun has a 1 year low of $51.76 and a 1 year high of $96.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.24 and a quick ratio of 2.17.

Ducommun (NYSE:DCO - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.08. The company had revenue of $202.26 million during the quarter, compared to analysts' expectations of $199.29 million. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share. Research analysts forecast that Ducommun will post 3.21 earnings per share for the current year.

Ducommun Company Profile

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.

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