Truist Financial Raises Ducommun (NYSE:DCO) Price Target to $136.00

Ducommun (NYSE:DCO) had its target price boosted by equities research analysts at Truist Financial from $124.00 to $136.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. Truist Financial’s price target indicates a potential upside of 11.35% from the stock’s previous close.

A number of other research analysts also recently commented on the company. The Goldman Sachs Group increased their price objective on Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Citigroup upped their price target on Ducommun from $110.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a report on Wednesday, January 28th. Royal Bank Of Canada boosted their price objective on shares of Ducommun from $100.00 to $142.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Finally, Wall Street Zen lowered shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $133.75.

Ducommun Stock Down 0.2%

Ducommun stock traded down $0.27 during trading on Friday, reaching $122.14. The stock had a trading volume of 57,602 shares, compared to its average volume of 156,602. The company has a quick ratio of 1.46, a current ratio of 2.04 and a debt-to-equity ratio of 0.33. Ducommun has a 52-week low of $51.76 and a 52-week high of $128.17. The stock has a market cap of $1.83 billion, a PE ratio of -52.19 and a beta of 1.05. The business has a 50 day moving average price of $111.80 and a 200 day moving average price of $99.18.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, February 26th. The aerospace company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.14. The business had revenue of $215.80 million for the quarter, compared to analyst estimates of $217.42 million. Ducommun had a negative net margin of 4.29% and a positive return on equity of 7.70%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $0.75 EPS. On average, analysts predict that Ducommun will post 3.21 EPS for the current year.

Insider Activity

In other news, VP Jerry L. Redondo sold 2,000 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president owned 65,269 shares in the company, valued at $6,060,879.34. This represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Ducommun

Large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in Ducommun by 16.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company’s stock worth $72,000 after purchasing an additional 107 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Ducommun by 3.8% during the third quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock worth $311,000 after acquiring an additional 117 shares during the period. Panagora Asset Management Inc. grew its holdings in Ducommun by 0.9% during the second quarter. Panagora Asset Management Inc. now owns 13,027 shares of the aerospace company’s stock worth $1,076,000 after acquiring an additional 119 shares during the period. CWM LLC lifted its holdings in Ducommun by 27.7% in the second 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 period. Finally, Ameriprise Financial Inc. boosted its position in shares of Ducommun by 2.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company’s stock worth $657,000 after purchasing an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Key Ducommun News

Here are the key news stories impacting Ducommun this week:

• Positive Sentiment: Q4 earnings outperformed expectations — EPS $1.05 vs. consensus $0.91 and up from $0.75 year-ago; revenue grew ~9.4% YoY, showing underlying sales strength. Zacks: Ducommun Q4 Earnings Top Estimates
• Positive Sentiment: Management emphasized growing defense content and recent defense contract wins that are shifting the company’s growth mix — analysts are raising targets on the stronger defense outlook. How The Ducommun (DCO) Story Is Shifting With Defense Deals And Higher Street Targets
• Positive Sentiment: Earnings call and presentation highlighted record quarterly revenue and strategic investments to capture aerospace/defense opportunities, which supports medium-term growth expectations. Earnings Presentation
• Neutral Sentiment: The company filed its full Q4 press release, slide deck and call transcript (useful for modeling backlog and segment dynamics). Press Release
• Neutral Sentiment: Short interest rose ~19% in February to ~2.9% of the float, which can amplify share moves in either direction. (Data point reported pre-earnings.)
• Negative Sentiment: Revenue missed Street expectations modestly — reported $215.8M vs. $217.4M expected — and the company still shows a negative net margin, which raised near-term execution concerns for some investors. Misses Q4 Sales Expectations
• Negative Sentiment: Market reaction included intraday selling and commentary pointing to the revenue miss and margin/cash-flow questions as reasons for the pullback. Why Ducommun Shares Are Sliding

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.