Ducommun (NYSE:DCO) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Ducommun (NYSE:DCO) had its price objective boosted by analysts at Royal Bank Of Canada from $142.00 to $150.00 in a research note issued on Friday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the aerospace company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 19.92% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. The Goldman Sachs Group raised their price target on shares of Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ducommun in a report on Monday, December 29th. Citigroup raised their target price on shares of Ducommun from $125.00 to $143.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Zacks Research upgraded shares of Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a research note on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Ducommun currently has an average rating of “Moderate Buy” and an average price target of $140.25.

Ducommun Stock Performance

DCO opened at $125.08 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.50 and a quick ratio of 2.47. The business has a fifty day simple moving average of $119.17 and a 200 day simple moving average of $102.21. Ducommun has a 1 year low of $51.76 and a 1 year high of $140.02. The company has a market capitalization of $1.88 billion, a PE ratio of -54.15 and a beta of 1.03.

Ducommun (NYSE:DCO) last posted its quarterly earnings data on Thursday, February 26th. The aerospace company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.14. Ducommun had a positive return on equity of 8.47% and a negative net margin of 4.11%.The firm had revenue of $215.80 million for the quarter, compared to analysts’ expectations of $217.42 million. During the same quarter last year, the business earned $0.75 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts expect that Ducommun will post 3.21 EPS for the current year.

Insider Transactions at Ducommun

In other Ducommun news, Director Richard A. Baldridge sold 10,440 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $130.83, for a total value of $1,365,865.20. Following the transaction, the director directly owned 20,100 shares of the company’s stock, valued at $2,629,683. This trade represents a 34.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.90% of the stock is owned by insiders.

Institutional Trading of Ducommun

Several large investors have recently made changes to their positions in DCO. Cornerstone Planning Group LLC increased its stake in Ducommun by 6,725.0% in the third quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Ducommun by 618.8% during the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares during the last quarter. Traub Capital Management LLC acquired a new stake in shares of Ducommun in the 2nd quarter valued at $35,000. Financial Consulate Inc. acquired a new stake in shares of Ducommun in the 3rd quarter valued at $48,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Ducommun in the 3rd quarter valued at $63,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Company Profile

Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.

Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.