Zacks Research Upgrades Ducommun (NYSE:DCO) to “Hold”

Ducommun (NYSE:DCO) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

DCO has been the topic of a number of other reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Ducommun in a research report on Monday. Wall Street Zen cut shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Ducommun has an average rating of “Moderate Buy” and an average target price of $97.50.

Ducommun Stock Up 0.7%

Shares of DCO stock traded up $0.68 during trading hours on Monday, reaching $91.35. The company had a trading volume of 8,356 shares, compared to its average volume of 108,362. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -38.88 and a beta of 1.08. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.04 and a quick ratio of 1.46. Ducommun has a 12 month low of $51.76 and a 12 month high of $101.47. The business has a fifty day simple moving average of $92.62 and a 200-day simple moving average of $88.57.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Thursday, November 6th. The aerospace company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Ducommun had a positive return on equity of 7.70% and a negative net margin of 4.29%.The business had revenue of $212.56 million during the quarter, compared to analyst estimates of $211.41 million. During the same period in the prior year, the firm posted $0.67 EPS. Ducommun’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, research analysts expect that Ducommun will post 3.21 earnings per share for the current fiscal year.

Insider Transactions at Ducommun

In other Ducommun news, VP Jerry L. Redondo sold 1,594 shares of Ducommun stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $93.83, for a total value of $149,565.02. Following the transaction, the vice president directly owned 67,269 shares of the company’s stock, valued at $6,311,850.27. The trade was a 2.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ducommun

Institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC bought a new position in shares of Ducommun during the first quarter valued at about $5,052,000. Vanguard Group Inc. grew its position 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 during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Ducommun by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 146,133 shares of the aerospace company’s stock valued at $8,480,000 after buying an additional 3,561 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Ducommun by 41.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 38,055 shares of the aerospace company’s stock valued at $2,208,000 after acquiring an additional 11,198 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Ducommun by 5.3% in the first quarter. Swiss National Bank now owns 25,800 shares of the aerospace company’s stock worth $1,497,000 after acquiring an additional 1,300 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.