Citigroup Raises Ducommun (NYSE:DCO) Price Target to $143.00

Ducommun (NYSE:DCO) had its target price hoisted by stock analysts at Citigroup from $125.00 to $143.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. Citigroup’s target price suggests a potential upside of 5.39% from the company’s previous close.

Several other research firms have also weighed in on DCO. Royal Bank Of Canada upped their target price on shares of Ducommun from $100.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Zacks Research upgraded shares of Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a report on Wednesday, January 28th. Truist Financial lifted their target price on shares of Ducommun from $124.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Ducommun in a research report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $138.25.

Ducommun Trading Up 4.2%

Shares of DCO stock opened at $135.69 on Monday. The firm has a market capitalization of $2.03 billion, a P/E ratio of -58.74 and a beta of 1.03. Ducommun has a 1 year low of $51.76 and a 1 year high of $136.17. The firm’s fifty day simple moving average is $113.77 and its 200 day simple moving average is $100.10. The company has a current ratio of 3.50, a quick ratio of 2.47 and a debt-to-equity ratio of 0.45.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Thursday, February 26th. The aerospace company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.91 by $0.14. The firm had revenue of $215.80 million during the quarter, compared to analysts’ expectations of $217.42 million. Ducommun had a positive return on equity of 8.47% and a negative net margin of 4.11%.The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 EPS. As a group, sell-side analysts predict that Ducommun will post 3.21 EPS for the current year.

Insider Transactions at Ducommun

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of Ducommun stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $92.86, for a total transaction of $185,720.00. Following the transaction, the vice president directly owned 65,269 shares in the company, valued at approximately $6,060,879.34. The trade was a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Ducommun

A number of hedge funds have recently modified their holdings of the business. Cornerstone Planning Group LLC grew its position in shares of Ducommun by 6,725.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 269 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Ducommun by 618.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after buying an additional 297 shares during the period. Traub Capital Management LLC bought a new position in Ducommun in the second quarter valued at approximately $35,000. Financial Consulate Inc. acquired a new position in shares of Ducommun in the third quarter valued at approximately $48,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Ducommun during the third quarter worth $63,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

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.