Ducommun (NYSE:DCO) Hits New 12-Month High After Analyst Upgrade

Ducommun Incorporated (NYSE:DCO)’s share price reached a new 52-week high during mid-day trading on Monday after Truist Financial raised their price target on the stock from $87.00 to $95.00. Truist Financial currently has a buy rating on the stock. Ducommun traded as high as $87.51 and last traded at $86.94, with a volume of 31333 shares trading hands. The stock had previously closed at $85.71.

Other analysts also recently issued reports about the stock. Royal Bank Of Canada increased their price target on shares of Ducommun from $72.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, July 3rd. Wall Street Zen upgraded shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 7th. The Goldman Sachs Group increased their price target on shares of Ducommun from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Finally, B. Riley reiterated a “buy” rating on shares of Ducommun in a research report on Wednesday, May 7th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ducommun presently has a consensus rating of “Buy” and an average target price of $96.25.

Institutional Trading of Ducommun

Large investors have recently bought and sold shares of the business. Sterling Capital Management LLC increased its stake in Ducommun by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 386 shares in the last quarter. Virtus Fund Advisers LLC bought a new stake in Ducommun during the 4th quarter worth approximately $78,000. US Bancorp DE increased its stake in Ducommun by 49.9% during the 4th quarter. US Bancorp DE now owns 1,327 shares of the aerospace company’s stock worth $84,000 after purchasing an additional 442 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in Ducommun by 200.0% during the 1st quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company’s stock worth $87,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Parvin Asset Management LLC bought a new stake in Ducommun during the 4th quarter worth approximately $98,000. 92.15% of the stock is owned by institutional investors.

Ducommun Trading Up 3.3%

The business has a 50 day moving average of $74.60 and a 200-day moving average of $65.92. 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 firm has a market capitalization of $1.32 billion, a P/E ratio of 38.00 and a beta of 1.36.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share 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 analysts’ expectations of $192.30 million. Ducommun had a net margin of 4.45% and a return on equity of 7.61%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $0.70 EPS. Analysts anticipate that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

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.