Ducommun (NYSE:DCO) Price Target Raised to $200.00 at Royal Bank Of Canada

Ducommun (NYSE:DCO) had its target price increased by Royal Bank Of Canada from $175.00 to $200.00 in a report published on Friday morning,Benzinga reports. They currently have a sector performer rating on the aerospace company’s stock.

A number of other research analysts also recently weighed in on the company. Weiss Ratings downgraded Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a research note on Friday. Wall Street Zen downgraded Ducommun from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Citigroup raised their target price on shares of Ducommun from $167.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Finally, Truist Financial boosted their target price on shares of Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Ducommun currently has an average rating of “Moderate Buy” and a consensus price target of $180.80.

Ducommun Trading Down 2.5%

Ducommun stock opened at $196.43 on Friday. The company has a market cap of $2.96 billion, a price-to-earnings ratio of -105.04 and a beta of 1.04. The firm has a 50-day moving average of $171.49 and a 200-day moving average of $144.97. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.67 and a quick ratio of 2.59. Ducommun has a one year low of $84.76 and a one year high of $210.39.

Ducommun (NYSE:DCO) last released its earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.20. Ducommun had a positive return on equity of 9.31% and a negative net margin of 3.10%.The business had revenue of $224.49 million for the quarter, compared to the consensus estimate of $214.32 million. During the same quarter in the previous year, the business earned $0.88 earnings per share. Ducommun’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities analysts expect that Ducommun will post 4.07 earnings per share for the current fiscal year.

Insider Activity at Ducommun

In related news, VP Laureen S. Gonzalez sold 589 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $151.99, for a total value of $89,522.11. Following the sale, the vice president owned 11,172 shares in the company, valued at approximately $1,698,032.28. This represents a 5.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jerry L. Redondo sold 5,682 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $154.36, for a total value of $877,073.52. Following the sale, the vice president directly owned 62,034 shares of the company’s stock, valued at $9,575,568.24. This represents a 8.39% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 7,883 shares of company stock worth $1,200,336. Company insiders own 5.00% of the company’s stock.

Institutional Trading of Ducommun

Hedge funds and other institutional investors have recently modified their holdings of the stock. Optiver Holding B.V. bought a new position in Ducommun in the 1st quarter valued at about $27,000. EverSource Wealth Advisors LLC lifted its position in Ducommun by 618.8% during the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 297 shares during the last quarter. State of Wyoming acquired a new stake in Ducommun during the first quarter worth approximately $35,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Ducommun during the first quarter worth approximately $56,000. Finally, KBC Group NV bought a new stake in shares of Ducommun during the first quarter worth approximately $71,000. Institutional investors own 92.15% of the company’s stock.

Ducommun News Roundup

Here are the key news stories impacting Ducommun this week:

• Positive Sentiment: Second-quarter adjusted earnings were $1.18 per share, exceeding the $0.98 consensus estimate and rising from $0.88 a year earlier. Revenue increased 11% year over year to $224.49 million, also ahead of expectations. Ducommun Q2 earnings report
• Positive Sentiment: Management highlighted record revenue and gross margin, while remaining performance obligations reached an all-time high. The backlog provides greater visibility into future aerospace and defense sales. Ducommun second-quarter results
• Positive Sentiment: Growth in engineered products and strong missile-related demand were identified as key drivers of the quarterly outperformance, supporting the company’s exposure to defense and aerospace programs. DCO Q2 deep dive
• Neutral Sentiment: Royal Bank of Canada raised its price target from $175 to $200 but maintained a “sector performer” rating. The new target represents only about 1.8% potential upside based on the reference price, suggesting analysts see fairly limited near-term appreciation. RBC Ducommun price target update
• Negative Sentiment: Despite the earnings beat, Ducommun continues to report a negative net margin, and its elevated valuation—reflected in a price-to-earnings ratio below zero—could make the stock sensitive to profit-taking after its substantial run toward the 12-month high.

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.