Citigroup Initiates Coverage on Ducommun (NYSE:DCO)

by · The Markets Daily

Equities research analysts at Citigroup assumed coverage on shares of Ducommun (NYSE:DCO – Get Free Report) in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm set a “buy” rating and a $110.00 price target on the aerospace company’s stock. Citigroup’s price target indicates a potential upside of 16.74% from the company’s current price.

DCO has been the subject of several other reports. Zacks Research upgraded shares of Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Ducommun in a research report on Monday. Finally, Wall Street Zen lowered Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 10th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Ducommun has an average rating of “Moderate Buy” and a consensus target price of $99.75.

Read Our Latest Research Report on DCO

Ducommun Stock Down 0.9%

Ducommun stock opened at $94.23 on Thursday. Ducommun has a one year low of $51.76 and a one year high of $101.47. The stock has a fifty day moving average of $92.58 and a 200 day moving average of $88.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.46 and a current ratio of 2.04. The stock has a market cap of $1.41 billion, a PE ratio of -40.27 and a beta of 1.08.

Ducommun (NYSE:DCO – Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Ducommun had a positive return on equity of 7.70% and a negative net margin of 4.29%.The business had revenue of $212.56 million during the quarter, compared to the consensus estimate of $211.41 million. During the same period in the previous year, the company posted $0.67 EPS. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, sell-side analysts predict that Ducommun will post 3.21 EPS for the current year.

Insider Buying and Selling at Ducommun

In related news, VP Jerry L. Redondo sold 2,000 shares of Ducommun stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total transaction of $185,720.00. Following the transaction, the vice president owned 65,269 shares in the company, valued at approximately $6,060,879.34. The trade was a 2.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.90% of the company’s stock.

Institutional Trading of Ducommun

A number of institutional investors and hedge funds have recently bought and sold shares of DCO. Cornerstone Planning Group LLC increased its stake in Ducommun by 6,725.0% during the third quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares during the period. Traub Capital Management LLC purchased a new position in shares of Ducommun in the 2nd quarter worth approximately $35,000. Financial Consulate Inc. bought a new position in shares of Ducommun during the 3rd quarter valued at approximately $48,000. Finally, CWM LLC raised its holdings in Ducommun by 27.7% during the 2nd quarter. CWM LLC now owns 687 shares of the aerospace company’s stock valued at $57,000 after buying an additional 149 shares during the period. 92.15% of the stock is currently owned by institutional investors.

About Ducommun

(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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