Citigroup Issues Positive Forecast for Ducommun (NYSE:DCO) Stock Price

Ducommun (NYSE:DCO) had its price target boosted by research analysts at Citigroup from $125.00 to $143.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Citigroup’s price objective would indicate a potential upside of 10.09% from the stock’s current price.

DCO has been the topic of a number of other reports. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a report on Wednesday, January 28th. Royal Bank Of Canada raised their target price on shares of Ducommun from $100.00 to $142.00 and gave the company an “outperform” rating in a research note 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. Wall Street Zen cut shares of Ducommun from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Ducommun in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.25.

Ducommun Stock Performance

Shares of NYSE:DCO traded up $6.30 during trading hours on Monday, hitting $129.89. The stock had a trading volume of 173,137 shares, compared to its average volume of 159,631. The stock’s fifty day simple moving average is $112.38 and its 200 day simple moving average is $99.51. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of -56.23 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 has a 1-year low of $51.76 and a 1-year high of $132.00.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Thursday, February 26th. The aerospace company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. The business had revenue of $215.80 million during the quarter, compared to analyst estimates of $217.42 million. Ducommun had a positive return on equity of 8.47% and a negative net margin of 4.11%.The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. Sell-side analysts anticipate that Ducommun will post 3.21 earnings per share for the current fiscal year.

Insider Activity

In related 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 value of $185,720.00. Following the transaction, the vice president owned 65,269 shares of the company’s stock, valued at approximately $6,060,879.34. This trade represents a 2.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

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.