Truist Financial Forecasts Strong Price Appreciation for Ducommun (NYSE:DCO) Stock

Ducommun (NYSE:DCO) had its target price lifted by analysts at Truist Financial from $87.00 to $95.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. Truist Financial’s target price points to a potential upside of 10.75% from the stock’s current price.

Several other equities research analysts also recently commented on DCO. The Goldman Sachs Group boosted their target price on shares of Ducommun from $84.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Royal Bank Of Canada boosted their target price on shares of Ducommun from $72.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, July 3rd. B. Riley reissued a “buy” rating on shares of Ducommun in a research report on Wednesday, May 7th. Finally, 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 research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $94.67.

Ducommun Trading Up 2.2%

DCO opened at $85.78 on Friday. Ducommun has a 1-year low of $51.76 and a 1-year high of $86.64. The company has a current ratio of 3.34, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33. The company has a market cap of $1.28 billion, a P/E ratio of 36.82 and a beta of 1.36. The company has a fifty day moving average price of $74.60 and a two-hundred day moving average price of $65.89.

Ducommun (NYSE:DCO) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.63 by $0.20. The company had revenue of $194.11 million during the quarter, compared to the consensus estimate of $192.30 million. Ducommun had a net margin of 4.45% and a return on equity of 7.61%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.70 earnings per share. Analysts predict that Ducommun will post 3.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Ducommun

A number of institutional investors have recently added to or reduced their stakes in the company. Rafferty Asset Management LLC grew its position in Ducommun by 4.9% in the 4th quarter. Rafferty Asset Management LLC now owns 3,481 shares of the aerospace company’s stock worth $222,000 after purchasing an additional 164 shares in the last quarter. Arizona State Retirement System grew its position in Ducommun by 4.8% in the 1st quarter. Arizona State Retirement System now owns 3,815 shares of the aerospace company’s stock worth $221,000 after purchasing an additional 176 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ducommun by 3.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,731 shares of the aerospace company’s stock worth $492,000 after purchasing an additional 247 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Ducommun by 12.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company’s stock valued at $146,000 after acquiring an additional 261 shares during the period. Finally, Martingale Asset Management L P grew its position in shares of Ducommun by 0.9% during the 1st quarter. Martingale Asset Management L P now owns 35,286 shares of the aerospace company’s stock valued at $2,048,000 after acquiring an additional 301 shares during the period. 92.15% of the stock is owned by institutional investors.

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.