Brokerages Set Ducommun Incorporated (NYSE:DCO) PT at $62.80

Shares of Ducommun Incorporated (NYSE:DCO) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $62.80.

A number of equities research analysts have issued reports on the stock. B. Riley reissued a “buy” rating and set a $72.00 target price on shares of Ducommun in a research note on Friday, February 16th. Royal Bank of Canada restated an “outperform” rating and issued a $60.00 target price on shares of Ducommun in a research note on Friday, February 16th. Finally, Truist Financial cut their price target on Ducommun from $69.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, February 16th.

Institutional Trading of Ducommun

Several large investors have recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Ducommun during the 1st quarter worth $295,000. Annex Advisory Services LLC boosted its holdings in Ducommun by 7.3% during the first quarter. Annex Advisory Services LLC now owns 18,672 shares of the aerospace company’s stock valued at $958,000 after acquiring an additional 1,273 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Ducommun by 658.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,927 shares of the aerospace company’s stock valued at $100,000 after acquiring an additional 1,673 shares during the period. Bragg Financial Advisors Inc grew its position in shares of Ducommun by 0.3% in the fourth quarter. Bragg Financial Advisors Inc now owns 100,187 shares of the aerospace company’s stock valued at $5,216,000 after purchasing an additional 260 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Ducommun by 0.7% in the fourth quarter. Franklin Resources Inc. now owns 68,525 shares of the aerospace company’s stock worth $3,567,000 after purchasing an additional 500 shares during the period. Institutional investors own 92.15% of the company’s stock.

Ducommun Trading Up 0.3 %

Shares of NYSE DCO opened at $52.18 on Friday. The company has a current ratio of 2.99, a quick ratio of 1.91 and a debt-to-equity ratio of 0.40. Ducommun has a one year low of $40.24 and a one year high of $58.19. The business has a 50-day moving average price of $50.54 and a two-hundred day moving average price of $49.90. The firm has a market capitalization of $763.97 million, a PE ratio of 45.37 and a beta of 1.28.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Thursday, February 15th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11. Ducommun had a net margin of 2.10% and a return on equity of 5.94%. The business had revenue of $192.23 million during the quarter, compared to analyst estimates of $193.24 million. As a group, analysts predict that Ducommun will post 2.75 earnings per share for the current fiscal year.

Ducommun Company Profile

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.