Ducommun Incorporated (NYSE:DCO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Ducommun Incorporated (NYSE:DCO) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $62.80.

DCO has been the subject of a number of recent research reports. Truist Financial cut their target price on shares of Ducommun from $69.00 to $65.00 and set a “buy” rating for the company in a report on Friday, February 16th. B. Riley reissued a “buy” rating and issued a $72.00 target price on shares of Ducommun in a report on Friday, February 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Ducommun in a research note on Friday, February 16th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DCO. Credit Suisse AG lifted its position in shares of Ducommun by 2.5% during the third quarter. Credit Suisse AG now owns 7,760 shares of the aerospace company’s stock worth $307,000 after purchasing an additional 191 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of Ducommun by 0.8% during the fourth quarter. Nuveen Asset Management LLC now owns 33,805 shares of the aerospace company’s stock worth $1,760,000 after purchasing an additional 252 shares during the last quarter. Bragg Financial Advisors Inc lifted its position in shares of Ducommun by 0.3% during the fourth quarter. Bragg Financial Advisors Inc now owns 100,187 shares of the aerospace company’s stock worth $5,216,000 after purchasing an additional 260 shares during the last quarter. Covestor Ltd lifted its position in shares of Ducommun by 33.9% during the third quarter. Covestor Ltd now owns 1,083 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 274 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Ducommun by 116.9% during the first quarter. Tower Research Capital LLC TRC now owns 655 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 353 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Ducommun Trading Up 0.3 %

DCO stock opened at $52.02 on Friday. The firm has a fifty day moving average price of $50.52 and a 200 day moving average price of $49.75. Ducommun has a fifty-two week low of $40.24 and a fifty-two week high of $58.19. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.91 and a current ratio of 2.99. The firm has a market cap of $761.57 million, a PE ratio of 45.24 and a beta of 1.28.

Ducommun (NYSE:DCO) last posted its earnings results on Thursday, February 15th. The aerospace company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.11. Ducommun had a net margin of 2.10% and a return on equity of 5.94%. The firm had revenue of $192.23 million during the quarter, compared to analyst estimates of $193.24 million. Sell-side analysts anticipate that Ducommun will post 2.75 earnings per share for the current fiscal year.

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.