Ducommun Incorporated (NYSE:DCO – Free Report) – Stock analysts at B. Riley dropped their Q4 2023 earnings per share estimates for shares of Ducommun in a research report issued on Wednesday, November 8th. B. Riley analyst M. Crawford now forecasts that the aerospace company will post earnings per share of $0.52 for the quarter, down from their prior forecast of $0.55. B. Riley currently has a “Buy” rating and a $72.00 price objective on the stock. The consensus estimate for Ducommun’s current full-year earnings is $2.35 per share. B. Riley also issued estimates for Ducommun’s Q1 2024 earnings at $0.58 EPS, Q2 2024 earnings at $0.65 EPS, Q3 2024 earnings at $0.74 EPS, Q4 2024 earnings at $0.78 EPS, FY2024 earnings at $2.75 EPS and FY2025 earnings at $3.51 EPS.
A number of other analysts also recently issued reports on DCO. Royal Bank of Canada raised their target price on Ducommun from $56.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday. StockNews.com began coverage on Ducommun in a research report on Thursday, October 5th. They set a “hold” rating for the company. Finally, The Goldman Sachs Group began coverage on Ducommun in a research report on Monday, August 14th. They set a “neutral” rating and a $52.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Ducommun currently has a consensus rating of “Moderate Buy” and an average target price of $62.20.
Ducommun Stock Up 1.1 %
Shares of DCO opened at $47.81 on Friday. Ducommun has a 52-week low of $40.24 and a 52-week high of $58.28. The company has a market capitalization of $696.59 million, a PE ratio of 32.75 and a beta of 1.31. The stock has a fifty day simple moving average of $45.51 and a two-hundred day simple moving average of $45.57. The company has a quick ratio of 1.94, a current ratio of 3.16 and a debt-to-equity ratio of 0.44.
Institutional Trading of Ducommun
Hedge funds and other institutional investors have recently modified their holdings of the business. Paradigm Capital Management Inc. NY boosted its holdings in Ducommun by 61.3% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,068,015 shares of the aerospace company’s stock valued at $46,533,000 after acquiring an additional 406,000 shares during the period. BlackRock Inc. boosted its holdings in Ducommun by 35.3% during the 2nd quarter. BlackRock Inc. now owns 1,245,822 shares of the aerospace company’s stock valued at $54,280,000 after acquiring an additional 324,788 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Ducommun by 39.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 675,475 shares of the aerospace company’s stock valued at $29,072,000 after acquiring an additional 190,608 shares during the period. RDST Capital LLC boosted its holdings in Ducommun by 237.2% during the 2nd quarter. RDST Capital LLC now owns 268,050 shares of the aerospace company’s stock valued at $11,679,000 after acquiring an additional 188,550 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Ducommun by 1,421.1% during the 2nd quarter. Wells Fargo & Company MN now owns 132,001 shares of the aerospace company’s stock valued at $5,751,000 after acquiring an additional 123,323 shares during the period. 85.89% of the stock is owned by institutional investors and hedge funds.
Ducommun Company Profile
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.
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