Ducommun Incorporated (NYSE:DCO) Receives Consensus Recommendation of "Buy" from Brokerages

Shares of Ducommun Incorporated (NYSE:DCO - Get Free Report) have received a consensus recommendation of "Buy" from the five research firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued a report on the stock in the last year is $96.25.

Several analysts have weighed in on the stock. B. Riley reaffirmed a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. 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 research note on Monday, June 23rd. 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 research note on Friday, July 11th. Citigroup reaffirmed a "buy" rating and set a $101.00 price objective (up from $91.00) on shares of Ducommun in a research note on Monday. Finally, Wall Street Zen raised shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 7th.

Ducommun Price Performance

NYSE DCO traded up $0.19 on Monday, reaching $86.69. The company's stock had a trading volume of 223,401 shares, compared to its average volume of 88,096. The firm has a market cap of $1.29 billion, a PE ratio of 37.21 and a beta of 1.36. The business has a 50-day moving average price of $76.57 and a 200 day moving average price of $66.57. Ducommun has a 52 week low of $51.76 and a 52 week high of $89.94. The company has a current ratio of 3.34, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33.

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

Hedge Funds Weigh In On Ducommun

Several large investors have recently bought and sold shares of the business. Rafferty Asset Management LLC lifted its holdings in Ducommun by 4.9% in the fourth quarter. Rafferty Asset Management LLC now owns 3,481 shares of the aerospace company's stock valued at $222,000 after buying an additional 164 shares during the period. Arizona State Retirement System lifted its holdings in Ducommun by 4.8% in the first quarter. Arizona State Retirement System now owns 3,815 shares of the aerospace company's stock valued at $221,000 after buying an additional 176 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Ducommun by 3.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,731 shares of the aerospace company's stock worth $492,000 after purchasing an additional 247 shares during the period. PNC Financial Services Group Inc. raised its holdings in Ducommun by 12.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company's stock worth $146,000 after purchasing an additional 261 shares during the period. Finally, Oliver Luxxe Assets LLC raised its holdings in Ducommun by 0.9% in the second quarter. Oliver Luxxe Assets LLC now owns 31,489 shares of the aerospace company's stock worth $2,602,000 after purchasing an additional 267 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

About Ducommun

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.