Ducommun (NYSE:DCO) Price Target Cut to $203.00 by Analysts at B. Riley Financial

Ducommun (NYSE:DCO) had its price target dropped by equities researchers at B. Riley Financial from $222.00 to $203.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. B. Riley Financial‘s price objective would indicate a potential upside of 48.41% from the company’s previous close.

DCO has been the topic of a number of other reports. Guggenheim began coverage on shares of Ducommun in a report on Friday, October 9th. They set a “buy” rating and a $246.00 price target on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of Ducommun in a research note on Monday, August 10th. Wall Street Zen raised shares of Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research cut Ducommun from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Finally, Truist Financial lifted their price target on Ducommun from $150.00 to $209.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Ducommun currently has an average rating of “Moderate Buy” and an average target price of $200.83.

Ducommun Stock Performance

DCO stock traded up $4.28 during trading on Friday, hitting $136.78. 32,138 shares of the company traded hands, compared to its average volume of 217,284. Ducommun has a 1 year low of $84.76 and a 1 year high of $210.39. The company has a market cap of $2.07 billion, a PE ratio of -73.04 and a beta of 1.11. The stock’s 50-day simple moving average is $167.65 and its 200 day simple moving average is $153.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.36 and a quick ratio of 2.38.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Thursday, November 5th. The aerospace company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.15 by $0.06. The business had revenue of $227.02 million for the quarter, compared to analyst estimates of $221.93 million. Ducommun had a positive return on equity of 9.20% and a negative net margin of 3.10%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 EPS. On average, equities analysts expect that Ducommun will post 4.26 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Stephen Oswald sold 5,766 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $201.15, for a total transaction of $1,159,830.90. Following the transaction, the chief executive officer owned 385,875 shares in the company, valued at $77,618,756.25. This trade represents a 1.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ducommun

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Ducommun during the second quarter valued at $359,395,000. Paradigm Capital Management Inc. NY acquired a new stake in shares of Ducommun in the second quarter valued at about $142,704,000. Van ECK Associates Corp grew its position in shares of Ducommun by 68.4% in the second quarter. Van ECK Associates Corp now owns 427,603 shares of the aerospace company’s stock valued at $79,196,000 after purchasing an additional 173,616 shares during the period. Moore Capital Management LP acquired a new stake in shares of Ducommun in the second quarter valued at about $44,236,000. Finally, Deutsche Bank AG purchased a new stake in shares of Ducommun during the second quarter worth about $41,095,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

About Ducommun

Ducommun Incorporated (NYSE: DCO) is a manufacturer of engineered components, assemblies and systems for the aerospace, defense and space industries. The company supplies products used in commercial aircraft, military platforms, launch vehicles, satellites and other mission-critical applications.

Its offerings include structural components and assemblies, precision-machined parts, composite structures, electronic and electromechanical systems, circuit-card assemblies, wire harnesses and other specialized products.