Ducommun (NYSE:DCO) Lowered to Buy Rating by Wall Street Zen

Key Points

• Ducommun's stock rating was downgraded from "strong-buy" to "buy" by Wall Street Zen in a recent report, indicating a shift in analyst sentiment.
• Despite the downgrade, other analysts have maintained a positive outlook, with multiple firms issuing buy ratings and setting price targets around $95.00 to $101.00.
• Ducommun reported strong quarterly earnings, surpassing expectations with an EPS of $0.88 and revenue of $202.26 million, reflecting a year-over-year growth of 2.7%.

Ducommun (NYSE:DCO - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Other equities research analysts have also recently issued reports about the company. Citigroup reissued 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. Truist Financial boosted their target price on Ducommun from $87.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Royal Bank Of Canada increased their price target on Ducommun from $95.00 to $100.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Zacks Research raised shares of Ducommun to a "hold" rating in a research note on Monday, August 11th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Ducommun in a research report on Friday. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $97.50.

Ducommun Price Performance

Ducommun stock opened at $100.88 on Friday. Ducommun has a 52-week low of $51.76 and a 52-week high of $101.47. 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 firm's fifty day moving average is $93.38 and its 200 day moving average is $81.26. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 38.36 and a beta of 1.38.

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, topping analysts' consensus estimates of $0.80 by $0.08. The business had revenue of $202.26 million during the quarter, compared to analysts' expectations of $199.29 million. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. The business's revenue was up 2.7% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS. Sell-side analysts forecast that Ducommun will post 3.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Ducommun by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 767,398 shares of the aerospace company's stock valued at $44,532,000 after buying an additional 18,436 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Ducommun by 6.5% during the second quarter. Gamco Investors INC. ET AL now owns 626,611 shares of the aerospace company's stock worth $51,777,000 after acquiring an additional 38,333 shares during the period. Geode Capital Management LLC increased its position in shares of Ducommun by 1.8% during the second quarter. Geode Capital Management LLC now owns 325,079 shares of the aerospace company's stock worth $26,865,000 after acquiring an additional 5,725 shares during the period. Alliancebernstein L.P. raised its stake in shares of Ducommun by 1,993.3% during the second quarter. Alliancebernstein L.P. now owns 302,969 shares of the aerospace company's stock valued at $25,034,000 after acquiring an additional 288,496 shares in the last quarter. Finally, Kennedy Capital Management LLC boosted its holdings in shares of Ducommun by 25.9% in the second quarter. Kennedy Capital Management LLC now owns 242,734 shares of the aerospace company's stock valued at $20,057,000 after purchasing an additional 49,996 shares during the period. Hedge funds and other institutional investors own 92.15% of the company's stock.

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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