Ducommun Incorporated (NYSE:DCO) Receives $99.75 Average Target Price from Brokerages

Shares of Ducommun Incorporated (NYSE:DCO) have earned an average rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $99.75.

DCO has been the topic of a number of analyst reports. Citigroup started coverage on shares of Ducommun in a research report on Thursday, December 11th. They issued a “buy” rating and a $110.00 price objective on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Ducommun in a research note on Monday, December 29th. Zacks Research upgraded Ducommun from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Wall Street Zen cut Ducommun from a “strong-buy” rating to a “buy” rating in a report on Monday, November 10th.

Ducommun Price Performance

Shares of Ducommun stock opened at $100.14 on Monday. 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 one year low of $51.76 and a one year high of $102.94. The business’s 50 day simple moving average is $92.97 and its two-hundred day simple moving average is $91.68. The stock has a market capitalization of $1.50 billion, a P/E ratio of -42.79 and a beta of 1.07.

Ducommun (NYSE:DCO) last issued its earnings results on Thursday, November 6th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. Ducommun had a negative net margin of 4.29% and a positive return on equity of 7.70%. The firm had revenue of $212.56 million for the quarter, compared to analysts’ expectations of $211.41 million. During the same quarter last year, the business earned $0.67 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. Analysts forecast that Ducommun will post 3.21 EPS for the current year.

Insider Activity at Ducommun

In related news, VP Jerry L. Redondo sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $92.86, for a total value of $185,720.00. Following the completion of the sale, the vice president owned 65,269 shares of the company’s stock, valued at $6,060,879.34. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ducommun

Several hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in Ducommun in the second quarter worth $4,318,000. Geode Capital Management LLC raised its position 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 purchasing an additional 5,725 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Ducommun by 24.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 19,388 shares of the aerospace company’s stock worth $1,602,000 after purchasing an additional 3,818 shares during the last quarter. Brown Advisory Inc. bought a new position in Ducommun in the 2nd quarter worth about $17,025,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Ducommun during the 2nd quarter valued at about $258,000. 92.15% of the stock is currently owned by institutional investors.

Ducommun Company Profile

Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.

Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.