Truist Financial Cuts Ducommun (NYSE:DCO) Price Target to $70.00

Ducommun (NYSE:DCO) had its price objective lowered by Truist Financial from $82.00 to $70.00 in a research note published on Thursday morning,Benzinga reports. Truist Financial currently has a buy rating on the aerospace company’s stock.

A number of other research firms have also recently commented on DCO. Royal Bank of Canada began coverage on Ducommun in a research report on Tuesday, December 31st. They set an “outperform” rating and a $72.00 target price on the stock. StockNews.com cut Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 15th.

Ducommun Stock Performance

Shares of Ducommun stock opened at $56.51 on Thursday. The business has a 50-day simple moving average of $58.67 and a 200-day simple moving average of $62.84. The company has a market cap of $839.83 million, a PE ratio of 28.39 and a beta of 1.27. Ducommun has a one year low of $51.76 and a one year high of $70.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21.

Institutional Trading of Ducommun

A number of hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its stake in shares of Ducommun by 140.4% during the third quarter. Jane Street Group LLC now owns 34,655 shares of the aerospace company’s stock worth $2,281,000 after purchasing an additional 20,240 shares during the last quarter. Barclays PLC increased its stake in Ducommun by 137.2% in the 3rd quarter. Barclays PLC now owns 53,382 shares of the aerospace company’s stock valued at $3,514,000 after buying an additional 30,873 shares during the period. Geode Capital Management LLC raised its position in Ducommun by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 310,704 shares of the aerospace company’s stock worth $20,458,000 after buying an additional 1,610 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Ducommun in the 3rd quarter worth $204,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Ducommun by 13.4% in the third quarter. Franklin Resources Inc. now owns 77,712 shares of the aerospace company’s stock valued at $5,023,000 after acquiring an additional 9,187 shares in the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

About Ducommun

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.