Analysts Set Ducommun Incorporated (NYSE:DCO) Price Target at $96.25

Ducommun Incorporated (NYSE:DCO) has been given an average rating of “Buy” by the five research firms that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have covered the stock in the last year is $97.50.

DCO has been the topic of several analyst reports. Wall Street Zen upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Royal Bank Of Canada upped their price target on Ducommun from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Truist Financial upped their price target on Ducommun from $87.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Citigroup restated a “buy” rating and issued a $101.00 price objective (up from $91.00) on shares of Ducommun in a research report on Monday, July 14th. Finally, The Goldman Sachs Group upped their price objective on shares of Ducommun from $84.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Ducommun by 2.5% during the first quarter. Vanguard Group Inc. now owns 767,398 shares of the aerospace company’s stock valued at $44,532,000 after acquiring an additional 18,436 shares during the last quarter. Gamco Investors INC. ET AL grew its position in Ducommun by 1.1% during the first quarter. Gamco Investors INC. ET AL now owns 588,278 shares of the aerospace company’s stock valued at $34,138,000 after acquiring an additional 6,572 shares during the last quarter. Royal Bank of Canada grew its position in Ducommun by 8.1% during the fourth quarter. Royal Bank of Canada now owns 361,373 shares of the aerospace company’s stock valued at $23,005,000 after acquiring an additional 27,068 shares during the last quarter. Geode Capital Management LLC grew its position in Ducommun by 1.8% during the second quarter. Geode Capital Management LLC now owns 325,079 shares of the aerospace company’s stock valued at $26,865,000 after acquiring an additional 5,725 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its position in Ducommun by 60.9% during the fourth quarter. Kennedy Capital Management LLC now owns 273,517 shares of the aerospace company’s stock valued at $17,412,000 after acquiring an additional 103,570 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors.

Ducommun Price Performance

NYSE DCO opened at $92.71 on Friday. The firm’s 50-day simple moving average is $84.61 and its two-hundred day simple moving average is $69.61. Ducommun has a 52 week low of $51.76 and a 52 week high of $93.41. The company has a market cap of $1.38 billion, a PE ratio of 35.25 and a beta of 1.38. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.31.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.08. Ducommun had a return on equity of 7.61% and a net margin of 5.03%. The firm had revenue of $202.26 million for the quarter, compared to analysts’ expectations of $199.29 million. During the same period in the prior year, the business posted $0.52 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. Research analysts predict that Ducommun will post 3.21 earnings per share for the current year.

Ducommun Company Profile

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.