Ducommun (NYSE:DCO) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Ducommun (NYSE:DCO) had its target price raised by analysts at Royal Bank Of Canada from $100.00 to $142.00 in a report issued on Friday, MarketBeat.com reports. The firm presently has an “outperform” rating on the aerospace company’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 11.57% from the company’s current price.

A number of other analysts have also issued reports on DCO. B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a report on Wednesday, January 28th. The Goldman Sachs Group upped their target price on Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Citigroup lifted their target price on Ducommun from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ducommun in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Ducommun from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Ducommun presently has an average rating of “Moderate Buy” and a consensus price target of $123.50.

Ducommun Trading Up 0.9%

Shares of Ducommun stock traded up $1.09 during trading on Friday, hitting $127.27. The stock had a trading volume of 9,294 shares, compared to its average volume of 154,644. Ducommun has a 12 month low of $51.76 and a 12 month high of $127.09. The firm’s fifty day simple moving average is $108.57 and its 200-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. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.04 and a quick ratio of 1.46.

Insider Activity

In other news, VP Jerry L. Redondo sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total value 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. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DCO. AQR Capital Management LLC lifted its position in shares of Ducommun by 14.5% during the 1st quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company’s stock worth $4,844,000 after buying an additional 10,574 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Ducommun by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock valued at $467,000 after acquiring an additional 319 shares in the last quarter. CWM LLC increased its position in shares of Ducommun by 27.7% during the second quarter. CWM LLC now owns 687 shares of the aerospace company’s stock worth $57,000 after purchasing an additional 149 shares in the last quarter. Ethic Inc. acquired a new stake in shares of Ducommun in the 2nd quarter valued at about $204,000. Finally, Envestnet Asset Management Inc. purchased a new position in Ducommun during the 2nd quarter worth approximately $258,000. 92.15% of the stock is owned by institutional investors and hedge funds.

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.