Ducommun (NYSE:DCO) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Ducommun (NYSE:DCO) from a buy rating to a hold rating in a research report sent to investors on Saturday.

DCO has been the topic of a number of other research reports. Truist Financial lifted their target price on Ducommun from $124.00 to $136.00 and gave the company a “buy” rating in a report on Friday, February 27th. Zacks Research upgraded Ducommun from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. The Goldman Sachs Group raised their price objective on Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a research note on Wednesday, January 28th. Finally, Citigroup decreased their target price on Ducommun from $143.00 to $141.00 and set a “buy” rating for the company in a report on Thursday. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $139.75.

Ducommun Stock Performance

NYSE:DCO opened at $127.41 on Friday. The company has a quick ratio of 2.47, a current ratio of 3.50 and a debt-to-equity ratio of 0.45. The company has a market cap of $1.91 billion, a P/E ratio of -55.16 and a beta of 1.00. Ducommun has a fifty-two week low of $51.76 and a fifty-two week high of $140.02. The firm’s 50 day moving average is $123.49 and its two-hundred day moving average is $105.61.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, February 26th. The aerospace company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.14. The company had revenue of $215.80 million during the quarter, compared to analysts’ expectations of $217.42 million. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.47%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 EPS. Analysts expect that Ducommun will post 3.21 EPS for the current year.

Insider Activity

In other news, Director Richard A. Baldridge sold 10,440 shares of Ducommun stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the sale, the director owned 20,100 shares in the company, valued at $2,629,683. This trade represents a 34.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cornerstone Planning Group LLC increased its stake in Ducommun by 6,725.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after buying an additional 269 shares during the period. EverSource Wealth Advisors LLC boosted its position in Ducommun by 618.8% in 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 last quarter. Financial Consulate Inc. purchased a new position in Ducommun in the 3rd quarter valued at about $48,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Ducommun during the third quarter valued at about $63,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Ducommun during the third quarter worth about $79,000. 92.15% of the stock is currently owned by hedge funds and other 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.