Ducommun Incorporated (NYSE:DCO) Receives $63.60 Consensus Price Target from Brokerages

Ducommun Incorporated (NYSE:DCOGet Free Report) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $63.60.

Several brokerages have recently issued reports on DCO. Royal Bank of Canada upped their price target on Ducommun from $56.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Truist Financial raised their price target on Ducommun from $62.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th.

Check Out Our Latest Research Report on Ducommun

Ducommun Stock Performance

Shares of NYSE DCO opened at $50.15 on Monday. The business has a fifty day simple moving average of $50.81 and a 200 day simple moving average of $47.83. The company has a current ratio of 2.93, a quick ratio of 1.80 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $732.19 million, a price-to-earnings ratio of 34.35 and a beta of 1.30. Ducommun has a one year low of $40.24 and a one year high of $58.28.

Ducommun (NYSE:DCOGet Free Report) last announced its quarterly earnings results on Wednesday, November 8th. The aerospace company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.16. The firm had revenue of $196.25 million for the quarter, compared to analysts’ expectations of $195.64 million. Ducommun had a return on equity of 6.25% and a net margin of 2.51%. Sell-side analysts expect that Ducommun will post 2.52 EPS for the current year.

Insider Buying and Selling at Ducommun

In other news, VP Jerry L. Redondo sold 1,559 shares of Ducommun stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $52.31, for a total value of $81,551.29. Following the transaction, the vice president now owns 59,064 shares in the company, valued at approximately $3,089,637.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Ducommun

Institutional investors have recently made changes to their positions in the stock. Pinebridge Investments L.P. acquired a new position in shares of Ducommun in the 2nd quarter valued at about $27,000. FMR LLC raised its stake in shares of Ducommun by 197.1% in the third quarter. FMR LLC now owns 621 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 412 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Ducommun in the first quarter worth approximately $34,000. Covestor Ltd grew its holdings in shares of Ducommun by 45.5% in the second quarter. Covestor Ltd now owns 809 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 253 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Ducommun by 116.9% during the first quarter. Tower Research Capital LLC TRC now owns 655 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 353 shares during the last quarter. Institutional investors own 85.89% of the company’s stock.

About Ducommun

(Get Free Report

Ducommun Incorporated provides engineering and manufacturing products and services primarily to 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; higher-level 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.

Further Reading

Analyst Recommendations for Ducommun (NYSE:DCO)

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