Weiss Ratings Reaffirms Buy (B-) Rating for Ducommun (NYSE:DCO)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B-)" rating for Ducommun (NYSE:DCO), indicating continued confidence in the stock's performance.
• Several analysts have recently upgraded their target prices for Ducommun, with reports from Truist Financial and Citigroup suggesting target prices of $95.00 and $101.00, respectively.
• Ducommun reported earnings of $0.88 per share for the last quarter, beating estimates and marking a revenue increase of 2.7% compared to the previous year.

Ducommun (NYSE:DCO - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other research analysts have also issued reports on the company. Zacks Research upgraded Ducommun to a "hold" rating in a research report on Monday, August 11th. Truist Financial lifted their target price on Ducommun from $87.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, July 11th. The Goldman Sachs Group lifted their target price on Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Citigroup reaffirmed a "buy" rating and set a $101.00 target price (up previously from $91.00) on shares of Ducommun in a research note on Monday, July 14th. Finally, Royal Bank Of Canada lifted their target price on Ducommun from $95.00 to $100.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Ducommun presently has an average rating of "Moderate Buy" and an average target price of $97.50.

Ducommun Stock Performance

NYSE:DCO traded up $0.93 during midday trading on Wednesday, reaching $97.35. 65,609 shares of the company traded hands, compared to its average volume of 127,776. Ducommun has a twelve month low of $51.76 and a twelve month high of $97.48. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 37.01 and a beta of 1.38. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.24 and a quick ratio of 2.17. The company has a fifty day moving average price of $92.40 and a 200 day moving average price of $78.14.

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 return on equity of 7.61% and a net margin of 5.03%.The business had revenue of $202.26 million during the quarter, compared to analyst estimates of $199.29 million. During the same quarter in the previous year, the firm posted $0.52 EPS. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts expect that Ducommun will post 3.21 EPS for the current fiscal year.

Institutional Trading of Ducommun

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Ducommun by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 767,398 shares of the aerospace company's stock worth $44,532,000 after buying an additional 18,436 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Ducommun by 6.5% in the 2nd 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 last quarter. Geode Capital Management LLC grew its holdings in shares of Ducommun by 1.8% in the 2nd 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 last quarter. Alliancebernstein L.P. grew its holdings in shares of Ducommun by 1,993.3% in the 2nd quarter. Alliancebernstein L.P. now owns 302,969 shares of the aerospace company's stock worth $25,034,000 after acquiring an additional 288,496 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its holdings in shares of Ducommun by 25.9% in the 2nd quarter. Kennedy Capital Management LLC now owns 242,734 shares of the aerospace company's stock worth $20,057,000 after acquiring an additional 49,996 shares during the last quarter. Institutional investors own 92.15% of the company's stock.

About Ducommun

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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