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

Key Points

• Ducommun Incorporated has received an average recommendation of "Buy" from five research firms, with an average 12-month price target of $97.50.
• In its latest earnings report, Ducommun reported earnings per share of $0.88, surpassing estimates, and a revenue of $202.26 million, reflecting a 2.7% year-over-year increase.
• A number of institutional investors have increased their stakes in Ducommun, with institutional ownership at 92.15% of the company's stock.

Shares of Ducommun Incorporated (NYSE:DCO - Get Free Report) have earned a consensus rating of "Buy" from the five brokerages that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $97.50.

A number of equities analysts have recently issued reports on the stock. B. Riley reiterated a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. Wall Street Zen upgraded shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Sunday. Royal Bank Of Canada increased their price objective on shares of Ducommun from $95.00 to $100.00 and gave the company an "outperform" rating in a research note on Friday. Citigroup reiterated a "buy" rating and set a $101.00 price objective (up from $91.00) on shares of Ducommun in a research note on Monday, July 14th. Finally, The Goldman Sachs Group raised their target price on shares of Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a research note on Monday, June 23rd.

Institutional Investors Weigh In On Ducommun

Several institutional investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in shares of Ducommun by 49.0% during the fourth quarter. Bank of America Corp DE now owns 63,120 shares of the aerospace company's stock worth $4,018,000 after buying an additional 20,763 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Ducommun by 36.9% during the fourth 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 buying an additional 6,866 shares during the period. GSA Capital Partners LLP lifted its stake in shares of Ducommun by 40.6% during the first quarter. GSA Capital Partners LLP now owns 24,653 shares of the aerospace company's stock worth $1,431,000 after buying an additional 7,123 shares during the period. Two Sigma Investments LP lifted its stake in shares of Ducommun by 76.9% during the fourth quarter. Two Sigma Investments LP now owns 73,990 shares of the aerospace company's stock worth $4,710,000 after buying an additional 32,156 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Ducommun by 5.4% during the fourth quarter. Northern Trust Corp now owns 130,177 shares of the aerospace company's stock worth $8,287,000 after buying an additional 6,649 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Ducommun Stock Down 0.1%

Shares of NYSE DCO traded down $0.12 during midday trading on Friday, reaching $89.24. 25,477 shares of the company's stock traded hands, compared to its average volume of 98,692. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.31. The stock's 50 day simple moving average is $83.81 and its 200-day simple moving average is $69.31. Ducommun has a one year low of $51.76 and a one year high of $93.41. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 33.93 and a beta of 1.38.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.08. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. The firm had revenue of $202.26 million for the quarter, compared to the consensus estimate of $199.29 million. During the same period last year, the firm earned $0.52 earnings per share. The company's quarterly revenue was up 2.7% on a year-over-year basis. On average, 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.