Brokerages Set Ducommun Incorporated (NYSE:DCO) Price Target at $162.00

by · The Markets Daily

Shares of Ducommun Incorporated (NYSE:DCO – Get Free Report) have been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $171.80.

A number of brokerages have recently weighed in on DCO. Royal Bank Of Canada raised their price objective on Ducommun from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group increased their price target on shares of Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Truist Financial increased their price target on shares of Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Citigroup boosted their price objective on Ducommun from $167.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, B. Riley Financial upped their price objective on shares of Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a report on Wednesday, May 13th.

Get Our Latest Report on Ducommun

Ducommun Trading Down 0.5%

Shares of DCO stock opened at $185.73 on Monday. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of -78.70 and a beta of 1.03. Ducommun has a 52-week low of $82.90 and a 52-week high of $196.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.59 and a current ratio of 3.67. The company has a 50-day simple moving average of $154.67 and a two-hundred day simple moving average of $131.37.

Ducommun (NYSE:DCO – Get Free Report) last posted its earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The business had revenue of $209.02 million for the quarter, compared to analyst estimates of $199.61 million. During the same quarter in the prior year, the firm posted $0.83 EPS. Ducommun’s revenue was up 7.7% on a year-over-year basis. Research analysts anticipate that Ducommun will post 4.07 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Jerry L. Redondo sold 5,682 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $154.36, for a total transaction of $877,073.52. Following the transaction, the vice president directly owned 62,034 shares in the company, valued at approximately $9,575,568.24. This represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Rajiv A. Tata sold 1,612 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $145.00, for a total value of $233,740.00. Following the completion of the sale, the vice president owned 33,171 shares of the company’s stock, valued at approximately $4,809,795. This represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,883 shares of company stock valued at $1,200,336 over the last quarter. 5.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ducommun

Several hedge funds and other institutional investors have recently made changes to their positions in DCO. Optiver Holding B.V. acquired a new stake in shares of Ducommun in the first quarter worth $27,000. State of Wyoming bought a new stake in shares of Ducommun in the first quarter valued at about $35,000. EverSource Wealth Advisors LLC increased its stake in Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 297 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Ducommun in the 1st quarter worth about $56,000. Finally, KBC Group NV bought a new position in Ducommun in the 1st quarter valued at $71,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Ducommun Company Profile

(Get Free Report)

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.

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