Ducommun (NYSE:DCO) Upgraded to "Strong-Buy" at Wall Street Zen

Key Points

• Ducommun has been upgraded to a "strong-buy" rating by Wall Street Zen, indicating increased confidence among analysts in the company's prospects.
• Multiple analysts have raised their target prices for Ducommun, with Truist Financial setting it at $95.00 and Citigroup at $101.00, reflecting a bullish outlook on the stock.
• The company reported a quarterly earnings per share of $0.88, surpassing expectations and showing a year-over-year revenue increase of 2.7%.

Ducommun (NYSE:DCO - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Sunday.

A number of other research analysts also recently commented on DCO. Truist Financial increased 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. The Goldman Sachs Group increased their target price on Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Citigroup reiterated a "buy" rating and set a $101.00 target price (up from $91.00) on shares of Ducommun in a research report on Monday, July 14th. Royal Bank Of Canada increased their target price on Ducommun from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday. Finally, B. Riley reiterated a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Ducommun currently has an average rating of "Buy" and an average target price of $97.50.

Ducommun Trading Down 2.4%

DCO stock opened at $89.67 on Friday. Ducommun has a 1-year low of $51.76 and a 1-year high of $93.41. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.34 and a quick ratio of 2.20. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 34.09 and a beta of 1.38. The business has a 50 day simple moving average of $83.81 and a two-hundred day simple moving average of $69.31.

Ducommun (NYSE:DCO - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.08. Ducommun had a return on equity of 7.68% and a net margin of 5.03%. The business had revenue of $202.26 million during the quarter, compared to the consensus estimate of $199.29 million. During the same period in the prior year, the company posted $0.52 EPS. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts anticipate that Ducommun will post 3.21 EPS for the current fiscal year.

Institutional Trading of Ducommun

Institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC lifted its position in Ducommun by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock worth $28,000 after buying an additional 386 shares during the last quarter. CWM LLC lifted its position in Ducommun by 27.7% in the second quarter. CWM LLC now owns 687 shares of the aerospace company's stock worth $57,000 after buying an additional 149 shares during the last quarter. Virtus Fund Advisers LLC purchased a new stake in Ducommun in the fourth quarter worth $78,000. Central Pacific Bank Trust Division increased its stake in Ducommun by 200.0% in the first quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company's stock worth $87,000 after purchasing an additional 1,000 shares during the period. Finally, Parvin Asset Management LLC purchased a new stake in Ducommun in the fourth quarter worth $98,000. 92.15% of the stock is currently owned by institutional investors.

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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