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

Ducommun Incorporated (NYSE:DCO - Get Free Report) has been assigned an average rating of "Buy" from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $96.25.

DCO has been the subject of several recent research reports. Wall Street Zen downgraded Ducommun from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. B. Riley reissued a "buy" rating on shares of Ducommun in a report on Wednesday, May 7th. Citigroup restated a "buy" rating and issued a $101.00 price target (up from $91.00) on shares of Ducommun in a research note on Monday, July 14th. The Goldman Sachs Group lifted 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. Finally, Royal Bank Of Canada increased their target price on shares of Ducommun from $72.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in Ducommun by 49.0% in the 4th quarter. Bank of America Corp DE now owns 63,120 shares of the aerospace company's stock valued at $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 increased its stake in Ducommun by 36.9% in 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 valued at $1,621,000 after acquiring an additional 6,866 shares during the last quarter. GSA Capital Partners LLP raised its position in Ducommun by 40.6% during the first quarter. GSA Capital Partners LLP now owns 24,653 shares of the aerospace company's stock valued at $1,431,000 after purchasing an additional 7,123 shares in the last quarter. Two Sigma Investments LP lifted its stake in 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 purchasing an additional 32,156 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings 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 valued at $8,287,000 after purchasing an additional 6,649 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company's stock.

Ducommun Stock Up 0.7%

Shares of DCO opened at $92.03 on Friday. The firm has a market cap of $1.37 billion, a P/E ratio of 39.50 and a beta of 1.38. 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 has a 52 week low of $51.76 and a 52 week high of $93.41. The firm's 50-day simple moving average is $83.42 and its 200 day simple moving average is $69.17.

Ducommun (NYSE:DCO - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping 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 return on equity of 7.61% and a net margin of 4.45%. The business's revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 earnings per share. On average, 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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