Ducommun Incorporated (NYSE:DCO) Stock Has Average Price Target of $198.17

Shares of Ducommun Incorporated (NYSE:DCO) have received a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $198.17.

DCO has been the topic of a number of analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of Ducommun in a research note on Monday, August 10th. Truist Financial lifted their price target on Ducommun from $150.00 to $209.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Zacks Research cut Ducommun from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Wall Street Zen upgraded Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a report on Friday, August 7th.

Ducommun Trading Up 1.9%

Shares of NYSE:DCO opened at $166.82 on Friday. Ducommun has a 52 week low of $84.76 and a 52 week high of $210.39. The company’s 50 day moving average is $169.22 and its two-hundred day moving average is $153.66. The company has a market cap of $2.52 billion, a PE ratio of 41.22 and a beta of 1.11. The company has a current ratio of 3.36, a quick ratio of 2.38 and a debt-to-equity ratio of 0.39.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Thursday, August 6th. The aerospace company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.20. The business had revenue of $224.49 million during the quarter, compared to analysts’ expectations of $214.32 million. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 EPS. Equities analysts predict that Ducommun will post 4.26 earnings per share for the current fiscal year.

Insider Transactions at Ducommun

In related news, CEO Stephen Oswald sold 5,766 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $201.15, for a total value of $1,159,830.90. Following the completion of the transaction, the chief executive officer directly owned 385,875 shares of the company’s stock, valued at $77,618,756.25. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.00% of the stock is owned by company insiders.

Institutional Trading of Ducommun

Several institutional investors have recently modified their holdings of DCO. Allworth Financial LP purchased a new position in shares of Ducommun in the 2nd quarter valued at $26,000. Optiver Holding B.V. acquired a new stake in Ducommun during the 1st quarter worth $27,000. Fortitude Family Office LLC raised its stake in Ducommun by 1,800.0% during the 3rd quarter. Fortitude Family Office LLC now owns 171 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 162 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Ducommun during the 2nd quarter worth $33,000. Finally, State of Wyoming purchased a new stake in Ducommun in the first quarter valued at $35,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Ducommun Company Profile

Ducommun Incorporated (NYSE: DCO) is a manufacturer of engineered components, assemblies and systems for the aerospace, defense and space industries. The company supplies products used in commercial aircraft, military platforms, launch vehicles, satellites and other mission-critical applications.

Its offerings include structural components and assemblies, precision-machined parts, composite structures, electronic and electromechanical systems, circuit-card assemblies, wire harnesses and other specialized products.