Research Analysts’ Recent Ratings Updates for Ducommun (DCO)

Ducommun (NYSE: DCO) has recently received a number of price target changes and ratings updates:

• 8/17/2024 – Ducommun was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 8/13/2024 – Ducommun was upgraded by analysts at The Goldman Sachs Group, Inc. from a “neutral” rating to a “buy” rating. They now have a $80.00 price target on the stock, up previously from $64.00.
• 8/9/2024 – Ducommun was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 8/9/2024 – Ducommun had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $72.00 price target on the stock, up previously from $65.00.

Ducommun Stock Up 1.2 %

Shares of Ducommun stock traded up $0.80 on Monday, reaching $65.04. The stock had a trading volume of 17,685 shares, compared to its average volume of 83,957. The company has a 50 day moving average price of $59.96 and a 200 day moving average price of $55.33. The company has a quick ratio of 1.88, a current ratio of 2.99 and a debt-to-equity ratio of 0.39. Ducommun Incorporated has a 1 year low of $42.31 and a 1 year high of $66.13. The stock has a market capitalization of $957.13 million, a P/E ratio of 54.66 and a beta of 1.38.

Ducommun (NYSE:DCO) last posted its earnings results on Thursday, August 8th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.20. The firm had revenue of $197.00 million during the quarter, compared to analysts’ expectations of $194.57 million. Ducommun had a net margin of 2.29% and a return on equity of 6.06%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 EPS. As a group, equities research analysts forecast that Ducommun Incorporated will post 2.73 EPS for the current year.

Insiders Place Their Bets

In other Ducommun news, CEO Stephen G. Oswald sold 2,000 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $58.23, for a total value of $116,460.00. Following the completion of the sale, the chief executive officer now owns 347,539 shares of the company’s stock, valued at $20,237,195.97. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Stephen G. Oswald sold 2,000 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $58.23, for a total transaction of $116,460.00. Following the completion of the transaction, the chief executive officer now directly owns 347,539 shares in the company, valued at approximately $20,237,195.97. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jerry L. Redondo sold 770 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $64.20, for a total value of $49,434.00. Following the completion of the transaction, the vice president now directly owns 63,826 shares of the company’s stock, valued at approximately $4,097,629.20. The disclosure for this sale can be found here. Insiders sold a total of 6,070 shares of company stock valued at $366,171 over the last 90 days. 8.80% of the stock is owned by company insiders.

Institutional Trading of Ducommun

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Algert Global LLC lifted its position in shares of Ducommun by 12.1% in the 2nd quarter. Algert Global LLC now owns 21,355 shares of the aerospace company’s stock worth $1,240,000 after acquiring an additional 2,301 shares during the period. Meros Investment Management LP lifted its position in shares of Ducommun by 1.4% during the 2nd quarter. Meros Investment Management LP now owns 206,449 shares of the aerospace company’s stock worth $11,986,000 after buying an additional 2,880 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Ducommun during the 2nd quarter worth approximately $774,000. RDST Capital LLC lifted its position in shares of Ducommun by 16.8% during the 2nd quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock worth $31,369,000 after buying an additional 77,595 shares during the period. Finally, Gabelli Funds LLC lifted its position in shares of Ducommun by 26.8% during the 2nd quarter. Gabelli Funds LLC now owns 78,929 shares of the aerospace company’s stock worth $4,583,000 after buying an additional 16,674 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.

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.