Ducommun (NYSE:DCO) Price Target Raised to $87.00 at Truist Financial

Ducommun (NYSE:DCO) had its price target lifted by Truist Financial from $76.00 to $87.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the aerospace company’s stock.

A number of other research analysts also recently commented on the stock. B. Riley reaffirmed a “buy” rating on shares of Ducommun in a research report on Wednesday, May 7th. Wall Street Zen raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $79.67.

Ducommun Trading Up 2.4%

Shares of NYSE:DCO opened at $76.38 on Thursday. Ducommun has a 52 week low of $51.76 and a 52 week high of $76.73. The company’s 50 day moving average is $63.16 and its two-hundred day moving average is $63.15. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37. The company has a market cap of $1.14 billion, a PE ratio of 38.38 and a beta of 1.33.

Ducommun (NYSE:DCO) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. The firm had revenue of $194.11 million for the quarter, compared to the consensus estimate of $192.30 million. Ducommun had a net margin of 3.82% and a return on equity of 7.40%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.70 EPS. Equities analysts predict that Ducommun will post 3.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ducommun

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rafferty Asset Management LLC raised its position in Ducommun by 4.9% during the fourth quarter. Rafferty Asset Management LLC now owns 3,481 shares of the aerospace company’s stock worth $222,000 after acquiring an additional 164 shares during the last quarter. Arizona State Retirement System raised its position in Ducommun by 4.8% during the first quarter. Arizona State Retirement System now owns 3,815 shares of the aerospace company’s stock worth $221,000 after acquiring an additional 176 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Ducommun by 3.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,731 shares of the aerospace company’s stock worth $492,000 after acquiring an additional 247 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Ducommun by 12.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company’s stock valued at $146,000 after buying an additional 261 shares during the last quarter. Finally, Martingale Asset Management L P raised its position in shares of Ducommun by 0.9% in the first quarter. Martingale Asset Management L P now owns 35,286 shares of the aerospace company’s stock valued at $2,048,000 after buying an additional 301 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

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.