Ducommun (NYSE:DCO) Rating Increased to Hold at Zacks Research

by · The Markets Daily

Ducommun (NYSE:DCO – Get Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research analysts also recently weighed in on DCO. Wall Street Zen downgraded shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ducommun in a report on Monday. 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 company. Based on data from MarketBeat, Ducommun presently has a consensus rating of “Moderate Buy” and an average price target of $97.50.

Get Our Latest Research Report on Ducommun

Ducommun Stock Up 0.9%

NYSE:DCO opened at $90.87 on Monday. The company’s 50-day simple moving average is $92.62 and its 200-day simple moving average is $88.57. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.46 and a current ratio of 2.04. Ducommun has a fifty-two week low of $51.76 and a fifty-two week high of $101.47. The stock has a market capitalization of $1.36 billion, a P/E ratio of -38.83 and a beta of 1.08.

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

Insider Buying and Selling at Ducommun

In other Ducommun news, VP Jerry L. Redondo sold 1,594 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $93.83, for a total transaction of $149,565.02. Following the sale, the vice president directly owned 67,269 shares in the company, valued at approximately $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 accessible through the SEC website. 8.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its holdings in Ducommun by 6,725.0% in the third quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 269 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Ducommun by 618.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after buying an additional 297 shares during the period. Traub Capital Management LLC acquired a new position in shares of Ducommun during the second quarter worth $35,000. Financial Consulate Inc. acquired a new position in Ducommun in the 3rd quarter worth $48,000. Finally, CWM LLC boosted its holdings in Ducommun by 27.7% in the second quarter. CWM LLC now owns 687 shares of the aerospace company’s stock valued at $57,000 after purchasing an additional 149 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Company Profile

(Get Free Report)

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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