Analysts Set Ducommun Incorporated (NYSE:DCO) PT at $97.50

Ducommun Incorporated (NYSE:DCO) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $97.50.

A number of research analysts have commented on DCO shares. Truist Financial increased their target price on Ducommun from $87.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Citigroup restated a “buy” rating and set a $101.00 price objective (up from $91.00) on shares of Ducommun in a research note on Monday, July 14th. Wall Street Zen upgraded shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 10th. Zacks Research upgraded shares of Ducommun to a “hold” rating in a research report on Monday, August 11th. Finally, The Goldman Sachs Group lifted their price target on shares of Ducommun from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, June 23rd.

Institutional Trading of Ducommun

A number of institutional investors and hedge funds have recently made changes to their positions in DCO. EverSource Wealth Advisors LLC increased its holdings in shares of Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 297 shares during the period. Traub Capital Management LLC acquired a new stake in shares of Ducommun in the second quarter valued at approximately $35,000. CWM LLC raised its holdings in shares of Ducommun by 27.7% during the second quarter. CWM LLC now owns 687 shares of the aerospace company’s stock valued at $57,000 after buying an additional 149 shares during the last quarter. Central Pacific Bank Trust Division boosted its position in shares of Ducommun by 200.0% during the first quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company’s stock worth $87,000 after buying an additional 1,000 shares during the period. Finally, CANADA LIFE ASSURANCE Co bought a new position in Ducommun in the 2nd quarter worth approximately $145,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Ducommun Price Performance

Shares of DCO stock opened at $93.40 on Friday. The firm has a market cap of $1.39 billion, a P/E ratio of 35.51 and a beta of 1.41. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.24 and a quick ratio of 2.17. Ducommun has a 1-year low of $51.76 and a 1-year high of $96.49. The firm has a fifty day moving average of $91.58 and a two-hundred day moving average of $76.62.

Ducommun (NYSE:DCO) last issued its earnings results on Thursday, August 7th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. The business had revenue of $202.26 million for the quarter, compared to analyst estimates of $199.29 million. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 EPS. As a group, research analysts anticipate that Ducommun will post 3.21 earnings per share for the current fiscal year.

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.