Ducommun Incorporated (NYSE:DCO) Receives $175.80 Consensus Target Price from Brokerages

Shares of Ducommun Incorporated (NYSE:DCO) have earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $175.80.

DCO has been the subject of several recent analyst reports. B. Riley Financial raised their target price on Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Citigroup increased their price target on Ducommun from $167.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Weiss Ratings raised Ducommun from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Truist Financial boosted their price objective on shares of Ducommun from $136.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, Wall Street Zen cut shares of Ducommun from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th.

Insiders Place Their Bets

In other news, VP Laureen S. Gonzalez sold 589 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $151.99, for a total value of $89,522.11. Following the completion of the transaction, the vice president owned 11,172 shares in the company, valued at approximately $1,698,032.28. This represents a 5.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Rajiv A. Tata sold 1,612 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $145.00, for a total transaction of $233,740.00. Following the completion of the transaction, the vice president directly owned 33,171 shares in the company, valued at $4,809,795. This trade represents a 4.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 7,883 shares of company stock valued at $1,200,336. 5.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ducommun

Several hedge funds have recently made changes to their positions in DCO. Optiver Holding B.V. acquired a new stake in shares of Ducommun during the first quarter worth about $27,000. EverSource Wealth Advisors LLC boosted its position 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 valued at $29,000 after purchasing an additional 297 shares during the period. State of Wyoming purchased a new position in Ducommun during the 1st quarter worth approximately $35,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Ducommun during the first quarter worth approximately $56,000. Finally, KBC Group NV acquired a new position in Ducommun during the first quarter worth about $71,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Ducommun Stock Performance

Ducommun stock opened at $176.78 on Friday. The firm has a 50 day simple moving average of $163.60 and a 200-day simple moving average of $139.74. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of -74.90 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.67 and a quick ratio of 2.59. Ducommun has a 1-year low of $84.76 and a 1-year high of $196.63.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.68 by $0.07. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The firm had revenue of $209.02 million for the quarter, compared to analyst estimates of $199.61 million. During the same quarter in the previous year, the company earned $0.83 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, analysts expect that Ducommun will post 4.07 EPS for the current year.

About Ducommun

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.