Ducommun (NYSE:DCO) PT Lowered to $71.00

Ducommun (NYSE:DCO) had its price target decreased by equities researchers at Truist Financial from $72.00 to $71.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. Truist Financial’s price objective would indicate a potential upside of 9.55% from the stock’s previous close.

DCO has been the topic of several other research reports. StockNews.com upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. The Goldman Sachs Group raised Ducommun from a “neutral” rating to a “buy” rating and boosted their target price for the company from $64.00 to $80.00 in a research note on Tuesday, August 13th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $70.75.

Ducommun Stock Performance

Shares of DCO opened at $64.81 on Friday. The stock has a 50-day moving average price of $64.39 and a 200-day moving average price of $59.95. The company has a market cap of $953.74 million, a PE ratio of 54.46 and a beta of 1.38. The company has a current ratio of 3.06, a quick ratio of 1.97 and a debt-to-equity ratio of 0.38. Ducommun has a 12-month low of $45.75 and a 12-month high of $67.04.

Ducommun (NYSE:DCO) last released its earnings results on Thursday, August 8th. The aerospace company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. The business had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $194.57 million. Ducommun had a return on equity of 6.79% and a net margin of 2.95%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. As a group, equities analysts forecast that Ducommun will post 2.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ducommun news, VP Jerry L. Redondo sold 770 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $64.20, for a total transaction of $49,434.00. Following the completion of the sale, the vice president now directly owns 63,826 shares in the company, valued at approximately $4,097,629.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Jerry L. Redondo sold 770 shares of Ducommun stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $64.20, for a total transaction of $49,434.00. Following the transaction, the vice president now owns 63,826 shares in the company, valued at $4,097,629.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Stephen G. Oswald sold 1,200 shares of Ducommun stock in a transaction on Friday, September 20th. The shares were sold at an average price of $66.32, for a total value of $79,584.00. Following the transaction, the chief executive officer now owns 341,151 shares in the company, valued at $22,625,134.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,270 shares of company stock worth $329,295. 8.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ducommun

A number of institutional investors and hedge funds have recently bought and sold shares of DCO. PNC Financial Services Group Inc. boosted its position in shares of Ducommun by 658.7% during the 4th 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 last quarter. Annex Advisory Services LLC increased its position in shares of Ducommun by 7.3% during the 1st quarter. Annex Advisory Services LLC now owns 18,672 shares of the aerospace company’s stock valued at $958,000 after purchasing an additional 1,273 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Ducommun in the first quarter valued at $295,000. Commonwealth Equity Services LLC raised its position in Ducommun by 10.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 43,679 shares of the aerospace company’s stock worth $2,241,000 after purchasing an additional 4,150 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Ducommun by 49.7% in the 1st quarter. BNP Paribas Financial Markets now owns 24,918 shares of the aerospace company’s stock valued at $1,278,000 after buying an additional 8,273 shares during the period. 92.15% of the stock is owned by institutional investors.

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.