Ducommun Incorporated (NYSE:DCO) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Ducommun Incorporated (NYSE:DCO) has received a consensus rating of "Moderate Buy" from analysts, with an average 1-year price target of $97.50.
• Several investment firms have raised their target prices for Ducommun, with notable increases from Royal Bank of Canada and Citigroup, now placing the target at $100.00 and $101.00 respectively.
• Ducommun reported strong quarterly earnings, surpassing estimates with an EPS of $0.88 and revenue of $202.26 million, reflecting a 2.7% increase from the previous year.

Shares of Ducommun Incorporated (NYSE:DCO - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $97.50.

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

Hedge Funds Weigh In On Ducommun

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Panagora Asset Management Inc. increased its position in Ducommun by 0.9% during the second quarter. Panagora Asset Management Inc. now owns 13,027 shares of the aerospace company's stock worth $1,076,000 after acquiring an additional 119 shares during the period. CWM LLC lifted its position in shares of Ducommun by 27.7% in the 2nd quarter. CWM LLC now owns 687 shares of the aerospace company's stock worth $57,000 after acquiring an additional 149 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Ducommun by 3.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,014 shares of the aerospace company's stock worth $414,000 after acquiring an additional 155 shares during the period. Rafferty Asset Management LLC lifted its position in shares of Ducommun by 4.9% in the 4th quarter. Rafferty Asset Management LLC now owns 3,481 shares of the aerospace company's stock worth $222,000 after acquiring an additional 164 shares during the period. Finally, Arizona State Retirement System lifted its position in shares of Ducommun by 4.8% in the 1st quarter. Arizona State Retirement System now owns 3,815 shares of the aerospace company's stock worth $221,000 after acquiring an additional 176 shares during the period. Institutional investors own 92.15% of the company's stock.

Ducommun Stock Down 0.9%

Shares of NYSE DCO traded down $0.80 during mid-day trading on Tuesday, reaching $90.57. 68,477 shares of the company traded hands, compared to its average volume of 104,642. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.17 and a current ratio of 3.24. The stock has a market cap of $1.35 billion, a PE ratio of 34.44 and a beta of 1.41. The company's fifty day moving average is $89.27 and its two-hundred day moving average is $72.75. Ducommun has a fifty-two week low of $51.76 and a fifty-two week high of $95.93.

Ducommun (NYSE:DCO - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.08. The business had revenue of $202.26 million for the quarter, compared to analyst estimates of $199.29 million. Ducommun had a return on equity of 7.61% and a net margin of 5.03%.The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 EPS. On average, analysts expect 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.