Ducommun (NYSE:DCO) Given New $72.00 Price Target at B. Riley

Ducommun (NYSE:DCOGet Rating) had its price target boosted by analysts at B. Riley from $68.00 to $72.00 in a research report issued on Wednesday, The Fly reports. B. Riley’s target price suggests a potential upside of 44.03% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. Zacks Investment Research downgraded Ducommun from a “hold” rating to a “sell” rating in a research note on Tuesday, April 26th. StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 24th. Finally, TheStreet raised Ducommun from a “c+” rating to a “b” rating in a research note on Tuesday, March 8th. One analyst has rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $63.67.

NYSE DCO opened at $49.99 on Wednesday. The firm has a market capitalization of $598.38 million, a PE ratio of 4.52 and a beta of 1.29. The company has a current ratio of 3.03, a quick ratio of 2.10 and a debt-to-equity ratio of 0.59. The business’s 50-day moving average price is $52.47 and its two-hundred day moving average price is $48.44. Ducommun has a 12 month low of $40.82 and a 12 month high of $60.90.

Ducommun (NYSE:DCOGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The aerospace company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. Ducommun had a return on equity of 9.49% and a net margin of 21.00%. During the same period in the prior year, the business posted $0.58 EPS. As a group, analysts forecast that Ducommun will post 3.14 earnings per share for the current fiscal year.

In other news, Director Robert C. Ducommun sold 1,500 shares of the stock in a transaction that occurred on Thursday, March 24th. The stock was sold at an average price of $53.25, for a total value of $79,875.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jerry L. Redondo sold 6,052 shares of the stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $50.33, for a total value of $304,597.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,802 shares of company stock worth $503,025. 10.80% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of DCO. Wellington Management Group LLP raised its stake in shares of Ducommun by 32.7% in the third quarter. Wellington Management Group LLP now owns 472,129 shares of the aerospace company’s stock worth $23,772,000 after purchasing an additional 116,345 shares during the last quarter. Cove Street Capital LLC raised its stake in shares of Ducommun by 15,364.3% in the third quarter. Cove Street Capital LLC now owns 108,250 shares of the aerospace company’s stock worth $5,451,000 after purchasing an additional 107,550 shares during the last quarter. Meros Investment Management LP bought a new position in shares of Ducommun in the fourth quarter valued at approximately $4,623,000. RDST Capital LLC bought a new position in shares of Ducommun in the fourth quarter valued at approximately $3,718,000. Finally, Kennedy Capital Management Inc. grew its holdings in shares of Ducommun by 60.2% in the fourth quarter. Kennedy Capital Management Inc. now owns 129,567 shares of the aerospace company’s stock valued at $6,060,000 after acquiring an additional 48,679 shares in the last quarter. 84.20% of the stock is owned by hedge funds and other institutional investors.

Ducommun Company Profile (Get Rating)

Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace and defense, industrial, medical, and other industries in the United States. It 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, 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.

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