Ducommun (NYSE:DCO) Price Target Raised to $150.00 at Royal Bank Of Canada

Ducommun (NYSE:DCO) had its price target raised by Royal Bank Of Canada from $142.00 to $150.00 in a research note published on Friday morning, MarketBeat.com reports. Royal Bank Of Canada currently has an outperform rating on the aerospace company’s stock.

Other equities research analysts have also recently issued research reports about the company. Citigroup boosted their price objective on Ducommun from $125.00 to $143.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Truist Financial raised their target price 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ducommun in a research report on Monday, December 29th. B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a research note on Wednesday, January 28th. Finally, Wall Street Zen downgraded shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Ducommun currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.25.

Ducommun Stock Down 0.5%

DCO opened at $125.08 on Friday. Ducommun has a one year low of $51.76 and a one year high of $140.02. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.47 and a current ratio of 3.50. The stock has a market capitalization of $1.88 billion, a P/E ratio of -54.15 and a beta of 1.03. The business’s 50-day simple moving average is $119.17 and its 200-day simple moving average is $102.16.

Ducommun (NYSE:DCO) last announced its earnings results on Thursday, February 26th. The aerospace company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.14. The firm had revenue of $215.80 million during the quarter, compared to analysts’ expectations 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 was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. Analysts anticipate that Ducommun will post 3.21 EPS for the current year.

Insider Buying and Selling at Ducommun

In other Ducommun news, Director Richard A. Baldridge sold 10,440 shares of Ducommun stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $130.83, for a total value of $1,365,865.20. Following the transaction, the director directly owned 20,100 shares in the company, valued at approximately $2,629,683. This trade represents a 34.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Ducommun

Hedge funds have recently modified their holdings of the stock. XTX Topco Ltd purchased a new position in Ducommun in the 4th quarter valued at $628,000. VARCOV Co. purchased a new position in Ducommun during the 4th quarter worth $536,000. Voloridge Investment Management LLC purchased a new position in Ducommun during the 4th quarter worth $421,000. Wellington Management Group LLP lifted its stake in shares of Ducommun by 1.8% in the 4th quarter. Wellington Management Group LLP now owns 103,934 shares of the aerospace company’s stock worth $9,887,000 after acquiring an additional 1,795 shares during the period. Finally, Susquehanna Fundamental Investments LLC lifted its stake in shares of Ducommun by 62.9% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 8,352 shares of the aerospace company’s stock worth $795,000 after acquiring an additional 3,226 shares during the period. 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.