Ducommun Incorporated (NYSE:DCO) Receives $162.00 Average Price Target from Analysts

Ducommun Incorporated (NYSE:DCO) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $162.00.

A number of equities analysts have recently commented on the stock. Wall Street Zen downgraded shares of Ducommun from a “buy” rating to a “hold” rating in a report on Monday, May 25th. Royal Bank Of Canada raised their price objective on shares of Ducommun from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Truist Financial raised their price objective 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 raised their price objective on shares of Ducommun from $141.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Finally, B. Riley Financial raised their price objective on shares of Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th.

Ducommun Price Performance

Shares of Ducommun stock opened at $154.24 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.67 and a quick ratio of 2.59. Ducommun has a fifty-two week low of $73.77 and a fifty-two week high of $159.31. The firm has a fifty day moving average price of $142.40 and a two-hundred day moving average price of $121.95. The company has a market cap of $2.33 billion, a PE ratio of -65.36 and a beta of 1.06.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share for the quarter, beating 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 firm had revenue of $209.02 million during the quarter, compared to the consensus estimate of $199.61 million. During the same period in the prior year, the firm earned $0.83 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Analysts expect that Ducommun will post 4.07 EPS for the current year.

Insider Transactions at Ducommun

In other news, VP Jerry L. Redondo sold 5,682 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $154.36, for a total transaction of $877,073.52. Following the completion of the transaction, the vice president directly owned 62,034 shares of the company’s stock, valued at approximately $9,575,568.24. This trade represents a 8.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Laureen S. Gonzalez sold 589 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $151.99, for a total transaction of $89,522.11. Following the sale, the vice president owned 11,172 shares of the company’s stock, valued at $1,698,032.28. This trade represents a 5.01% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 7,883 shares of company stock valued at $1,200,336. Company insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Ducommun

A number of hedge funds have recently made changes to their positions in DCO. Vanguard Group Inc. increased its position in Ducommun by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock valued at $80,134,000 after acquiring an additional 19,143 shares in the last quarter. State Street Corp increased its position in Ducommun by 10.4% in the 4th quarter. State Street Corp now owns 670,966 shares of the aerospace company’s stock valued at $63,829,000 after acquiring an additional 63,070 shares in the last quarter. Geode Capital Management LLC increased its position in Ducommun by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 333,371 shares of the aerospace company’s stock valued at $31,720,000 after acquiring an additional 5,899 shares in the last quarter. GW&K Investment Management LLC increased its position in Ducommun by 2.0% in the 4th quarter. GW&K Investment Management LLC now owns 319,772 shares of the aerospace company’s stock valued at $30,420,000 after acquiring an additional 6,192 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Ducommun by 5.4% in the 3rd quarter. Alliancebernstein L.P. now owns 319,470 shares of the aerospace company’s stock valued at $30,711,000 after acquiring an additional 16,501 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

About Ducommun

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.