Analysts Set Ducommun Incorporated (NYSE:DCO) PT at $140.25

Ducommun Incorporated (NYSE:DCO) has received an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $140.25.

A number of brokerages have recently issued reports on DCO. Royal Bank Of Canada boosted their target price on Ducommun from $142.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. Citigroup increased their price target on Ducommun from $125.00 to $143.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen cut Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. Truist Financial boosted their price objective on Ducommun from $124.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Ducommun in a report on Monday, December 29th.

Insider Activity

In related news, Director Richard A. Baldridge sold 10,440 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $130.83, for a total value of $1,365,865.20. Following the completion of the sale, the director owned 20,100 shares in the company, valued at approximately $2,629,683. This represents a 34.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ducommun

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Ducommun by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock valued at $80,134,000 after purchasing an additional 19,143 shares in the last quarter. State Street Corp grew its holdings in shares of Ducommun by 10.4% during the fourth quarter. State Street Corp now owns 670,966 shares of the aerospace company’s stock valued at $63,829,000 after buying an additional 63,070 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Ducommun by 6.5% during the second quarter. Gamco Investors INC. ET AL now owns 626,611 shares of the aerospace company’s stock valued at $51,777,000 after buying an additional 38,333 shares in the last quarter. Geode Capital Management LLC raised its position in Ducommun by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 333,371 shares of the aerospace company’s stock valued at $31,720,000 after buying an additional 5,899 shares during the period. Finally, GW&K Investment Management LLC lifted its stake in Ducommun by 2.0% in the 4th quarter. GW&K Investment Management LLC now owns 319,772 shares of the aerospace company’s stock worth $30,420,000 after acquiring an additional 6,192 shares in the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Ducommun Trading Up 1.7%

Shares of NYSE:DCO opened at $122.58 on Friday. 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 $1.84 billion, a price-to-earnings ratio of -53.07 and a beta of 1.03. Ducommun has a 1-year low of $51.76 and a 1-year high of $140.02. The company has a 50 day moving average price of $121.61 and a 200 day moving average price of $103.68.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Thursday, February 26th. The aerospace company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.14. The company had revenue of $215.80 million for 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 firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. On average, research analysts anticipate that Ducommun will post 3.21 EPS for the current fiscal year.

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.