Ducommun (NYSE:DCO) Price Target Raised to $143.00

Ducommun (NYSE:DCO) had its price objective raised by Citigroup from $125.00 to $143.00 in a research note released on Monday morning,Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

Several other equities analysts also recently weighed in on the company. The Goldman Sachs Group increased their target price on Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ducommun in a report on Monday, December 29th. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a research report on Wednesday, January 28th. Truist Financial upped their price target on shares of Ducommun from $124.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Finally, Wall Street Zen lowered shares of Ducommun from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Ducommun currently has a consensus rating of “Moderate Buy” and an average price target of $138.25.

Ducommun Stock Performance

Shares of DCO opened at $139.84 on Monday. Ducommun has a 1 year low of $51.76 and a 1 year high of $140.02. The company’s 50 day simple moving average is $114.61 and its 200 day simple moving average is $100.37. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of -60.54 and a beta of 1.03. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.47 and a current ratio of 3.50.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Thursday, February 26th. The aerospace company reported $1.05 earnings per share for the quarter, beating 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 company had revenue of $215.80 million during the quarter, compared to the consensus estimate of $217.42 million. During the same period in the previous year, the firm posted $0.75 EPS. Ducommun’s revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts predict that Ducommun will post 3.21 EPS for the current year.

Insiders Place Their Bets

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total value of $185,720.00. Following the completion of the sale, the vice president owned 65,269 shares of the company’s stock, valued at $6,060,879.34. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ducommun

A number of large investors have recently added to or reduced their stakes in DCO. Cornerstone Planning Group LLC increased its stake in Ducommun by 6,725.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after buying an additional 269 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Ducommun by 618.8% during the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 297 shares in the last quarter. Traub Capital Management LLC purchased a new stake in shares of Ducommun during the second quarter worth about $35,000. Financial Consulate Inc. acquired a new position in shares of Ducommun in the third quarter worth about $48,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Ducommun in the third quarter valued at about $63,000. 92.15% of the stock is owned by institutional investors and hedge funds.

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.