Wall Street Zen Downgrades Ducommun (NYSE:DCO) to Buy

Key Points

• Ducommun's stock rating has been downgraded from "strong-buy" to "buy" by Wall Street Zen, amidst various other analysts maintaining or raising their buy ratings on the stock.
• The company's latest earnings report revealed an earnings per share (EPS) of $0.83, exceeding estimates and showing an increase from $0.70 EPS in the same period last year.
• Ducommun currently has a consensus buy rating and an average target price of $96.25, with significant institutional ownership at 92.15%.

Ducommun (NYSE:DCO - Get Free Report) was downgraded by research 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.

A number of other brokerages also recently issued reports on DCO. The Goldman Sachs Group lifted their price target on Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Citigroup restated a "buy" rating and issued a $101.00 price target (up previously from $91.00) on shares of Ducommun in a research report on Monday, July 14th. Truist Financial lifted their price objective on Ducommun from $87.00 to $95.00 and gave the company a "buy" rating in a report on Friday, July 11th. B. Riley reaffirmed a "buy" rating on shares of Ducommun in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada boosted their price target on Ducommun from $72.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Ducommun has a consensus rating of "Buy" and an average target price of $96.25.

Ducommun Trading Down 2.2%

Shares of DCO traded down $1.99 during midday trading on Friday, hitting $90.66. 68,832 shares of the stock were exchanged, compared to its average volume of 98,038. Ducommun has a 52-week low of $51.76 and a 52-week high of $93.41. The stock has a fifty day simple moving average of $81.62 and a 200 day simple moving average of $68.53. The firm has a market cap of $1.35 billion, a P/E ratio of 38.83 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 (NYSE:DCO - Get Free Report) last released its earnings results on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.20. The firm had revenue of $194.11 million during the quarter, compared to analyst estimates of $192.30 million. Ducommun had a return on equity of 7.61% and a net margin of 4.45%. Ducommun's revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.70 earnings per share. On average, research analysts anticipate that Ducommun will post 3.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DCO. Raymond James Financial Inc. bought a new position in Ducommun in the 4th quarter worth $6,737,000. Kennedy Capital Management LLC raised its holdings in Ducommun by 60.9% in the 4th quarter. Kennedy Capital Management LLC now owns 273,517 shares of the aerospace company's stock worth $17,412,000 after acquiring an additional 103,570 shares during the period. Oberweis Asset Management Inc. bought a new position in Ducommun in the 4th quarter worth $6,092,000. Nuveen LLC bought a new position in Ducommun in the 1st quarter worth $5,097,000. Finally, LPL Financial LLC bought a new position in Ducommun in the 1st quarter worth $5,052,000. 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.