Ducommun Incorporated (NYSE:DCO – Get Free Report) has earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $97.50.
DCO has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their target price on Ducommun from $84.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Royal Bank Of Canada lifted their price target on Ducommun from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Truist Financial upped their price objective on Ducommun from $87.00 to $95.00 and gave the company a “buy” rating in a report on Friday, July 11th. Citigroup reaffirmed a “buy” rating and set a $101.00 target price (up previously from $91.00) on shares of Ducommun in a research note on Monday, July 14th. Finally, Zacks Research upgraded shares of Ducommun to a “hold” rating in a research report on Monday, August 11th.
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Institutional Trading of Ducommun
Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in Ducommun by 618.8% in the second 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 last quarter. Traub Capital Management LLC acquired a new stake in shares of Ducommun during the 2nd quarter valued at $35,000. CWM LLC boosted its stake in shares of Ducommun by 27.7% during the 2nd quarter. CWM LLC now owns 687 shares of the aerospace company’s stock worth $57,000 after acquiring an additional 149 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of Ducommun by 200.0% in the 1st quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company’s stock worth $87,000 after acquiring an additional 1,000 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co acquired a new stake in shares of Ducommun during the second quarter worth $145,000. 92.15% of the stock is currently owned by institutional investors.
Ducommun Stock Performance
DCO stock opened at $93.40 on Friday. The company has a 50-day simple moving average of $91.58 and a 200 day simple moving average of $76.62. The company has a market capitalization of $1.39 billion, a P/E ratio of 35.51 and a beta of 1.41. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.31. Ducommun has a fifty-two week low of $51.76 and a fifty-two week high of $96.49.
Ducommun (NYSE:DCO – Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. The company had revenue of $202.26 million for the quarter, compared to the consensus estimate of $199.29 million. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. Ducommun’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. Sell-side analysts predict that Ducommun will post 3.21 earnings per share for the current fiscal year.
About Ducommun
(Get Free Report)
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.
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