Ducommun Incorporated (NYSE:DCO) Receives Consensus Rating of "Buy" from Analysts

Ducommun Incorporated (NYSE:DCO - Get Free Report) has been assigned an average rating of "Buy" from the four brokerages that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $94.67.

DCO has been the topic of several recent research reports. Truist Financial raised their price objective on Ducommun from $87.00 to $95.00 and gave the company a "buy" rating in a report on Friday. Wall Street Zen raised Ducommun from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 7th. Royal Bank Of Canada raised their target price on Ducommun from $72.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. Citigroup reaffirmed a "buy" rating on shares of Ducommun in a research report on Monday. Finally, The Goldman Sachs Group raised their target price on Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DCO. Bank of America Corp DE raised its position in shares of Ducommun by 49.0% in the 4th quarter. Bank of America Corp DE now owns 63,120 shares of the aerospace company's stock worth $4,018,000 after acquiring an additional 20,763 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Ducommun by 36.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,456 shares of the aerospace company's stock worth $1,621,000 after acquiring an additional 6,866 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Ducommun in the 4th quarter worth about $383,000. Two Sigma Investments LP raised its position in shares of Ducommun by 76.9% in the 4th quarter. Two Sigma Investments LP now owns 73,990 shares of the aerospace company's stock worth $4,710,000 after acquiring an additional 32,156 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Ducommun by 5.4% in the 4th quarter. Northern Trust Corp now owns 130,177 shares of the aerospace company's stock worth $8,287,000 after acquiring an additional 6,649 shares in the last quarter. 92.15% of the stock is owned by institutional investors.

Ducommun Trading Up 2.2%

Shares of DCO stock opened at $85.78 on Monday. The stock's fifty day moving average price is $74.60 and its two-hundred day moving average price is $65.92. The company has a market cap of $1.28 billion, a PE ratio of 36.82 and a beta of 1.36. Ducommun has a fifty-two week low of $51.76 and a fifty-two week high of $86.64. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 3.34.

Ducommun (NYSE:DCO - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.20. Ducommun had a return on equity of 7.61% and a net margin of 4.45%. The company had revenue of $194.11 million for the quarter, compared to the consensus estimate of $192.30 million. During the same quarter last year, the business posted $0.70 EPS. Ducommun's revenue for the quarter was up 1.7% on a year-over-year basis. Equities analysts predict that Ducommun will post 3.21 EPS for the current fiscal 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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