Brokerages Set Ducommun Incorporated (NYSE:DCO) Price Target at $94.67

Shares of Ducommun Incorporated (NYSE:DCO) have been given a consensus recommendation of “Buy” by the five research firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $96.25.

Several equities analysts have issued reports on DCO shares. Royal Bank Of Canada raised their price objective on Ducommun from $72.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, July 3rd. The Goldman Sachs Group raised their price objective on Ducommun from $84.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Wall Street Zen raised Ducommun from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 7th. B. Riley reissued a “buy” rating on shares of Ducommun in a report on Wednesday, May 7th. Finally, Citigroup reissued a “buy” rating and set a $101.00 price target (up previously from $91.00) on shares of Ducommun in a report on Monday.

Institutional Investors Weigh In On Ducommun

Hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its position in Ducommun by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 40,454 shares of the aerospace company’s stock worth $2,575,000 after buying an additional 430 shares during the last quarter. US Bancorp DE boosted its stake in Ducommun by 49.9% in 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 during the period. Raymond James Financial Inc. purchased a new position in shares of Ducommun during the 4th quarter valued at $6,737,000. PNC Financial Services Group Inc. lifted its stake in shares of Ducommun by 12.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company’s stock valued at $146,000 after purchasing an additional 261 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in shares of Ducommun by 4.8% in the 4th quarter. Royce & Associates LP now owns 234,991 shares of the aerospace company’s stock valued at $14,960,000 after purchasing an additional 10,700 shares during the last quarter. Institutional investors own 92.15% of the company’s stock.

Ducommun Stock Down 0.6%

Shares of NYSE DCO opened at $86.51 on Monday. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 37.13 and a beta of 1.36. The company has a quick ratio of 2.20, a current ratio of 3.34 and a debt-to-equity ratio of 0.33. Ducommun has a 52-week low of $51.76 and a 52-week high of $89.94. The business’s 50 day moving average is $76.17 and its two-hundred day moving average is $66.40.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.20. The business had revenue of $194.11 million for the quarter, compared to analysts’ expectations of $192.30 million. Ducommun had a return on equity of 7.61% and a net margin of 4.45%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $0.70 earnings per share. Research analysts predict that Ducommun will post 3.21 EPS for the current 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.