Royal Bank Of Canada Forecasts Strong Price Appreciation for Ducommun (NYSE:DCO) Stock

Ducommun (NYSE:DCO) had its price target boosted by equities research analysts at Royal Bank Of Canada from $100.00 to $142.00 in a note issued to investors on Friday, MarketBeat Ratings reports. The brokerage presently has an “outperform” rating on the aerospace company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 11.57% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on DCO. Zacks Research raised shares of Ducommun from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. The Goldman Sachs Group boosted their price objective on Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Ducommun in a research note on Monday, December 29th. Citigroup lifted their target price on Ducommun from $110.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Finally, Wall Street Zen cut Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.50.

Ducommun Stock Performance

Shares of DCO traded up $1.09 on Friday, reaching $127.27. 9,294 shares of the company’s stock traded hands, compared to its average volume of 154,644. The stock’s 50 day simple moving average is $108.57 and its two-hundred day simple moving average is $98.00. The stock has a market cap of $1.90 billion, a PE ratio of -53.84 and a beta of 1.05. Ducommun has a 52-week low of $51.76 and a 52-week high of $127.09. The company has a current ratio of 2.04, a quick ratio of 1.46 and a debt-to-equity ratio of 0.33.

Insider Activity

In other news, VP Jerry L. Redondo sold 2,000 shares of the business’s 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 completion of the transaction, the vice president owned 65,269 shares of the company’s stock, valued at approximately $6,060,879.34. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Ducommun

A number of hedge funds and other institutional investors have recently bought and sold shares of DCO. Cornerstone Planning Group LLC raised its position in shares of Ducommun by 6,725.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock valued at $26,000 after buying an additional 269 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 in the last quarter. Traub Capital Management LLC bought a new stake in Ducommun in the second quarter worth $35,000. Financial Consulate Inc. bought a new position in shares of Ducommun during the third quarter valued at about $48,000. Finally, CWM LLC lifted its stake in shares of Ducommun by 27.7% in the 2nd quarter. CWM LLC now owns 687 shares of the aerospace company’s stock valued at $57,000 after acquiring an additional 149 shares during the last quarter. Hedge funds and other institutional investors 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.