Ducommun (NYSE:DCO) Price Target Cut to $141.00 by Analysts at Citigroup

Ducommun (NYSE:DCO) had its price objective dropped by equities research analysts at Citigroup from $143.00 to $141.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. Citigroup’s price target would suggest a potential upside of 11.35% from the company’s previous close.

DCO has been the subject of several other research reports. Royal Bank Of Canada upped their price target on Ducommun from $142.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. The Goldman Sachs Group boosted their target price on Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Wall Street Zen downgraded Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a research report on Wednesday, January 28th. 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 investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $139.75.

Ducommun Price Performance

Ducommun stock traded up $0.20 during trading hours on Thursday, reaching $126.63. 30,634 shares of the stock were exchanged, compared to its average volume of 164,840. Ducommun has a twelve month low of $51.76 and a twelve month high of $140.02. The stock has a 50 day moving average of $122.96 and a two-hundred day moving average of $105.12. The company has a current ratio of 3.50, a quick ratio of 2.47 and a debt-to-equity ratio of 0.45. The company has a market cap of $1.90 billion, a P/E ratio of -54.83 and a beta of 0.99.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Thursday, February 26th. The aerospace company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. Ducommun had a positive return on equity of 8.47% and a negative net margin of 4.11%.The company had revenue of $215.80 million during the quarter, compared to the consensus estimate of $217.42 million. During the same period last year, the company earned $0.75 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. Equities analysts expect that Ducommun will post 3.21 EPS for the current fiscal year.

Insider Buying and Selling at Ducommun

In other Ducommun news, Director Richard A. Baldridge sold 10,440 shares of Ducommun stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the completion of the sale, the director directly owned 20,100 shares in the company, valued at $2,629,683. The trade was a 34.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Ducommun

A number of hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its holdings in Ducommun by 16.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company’s stock valued at $72,000 after acquiring an additional 107 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Ducommun by 3.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock valued at $311,000 after purchasing an additional 117 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of Ducommun by 0.9% during the second quarter. Panagora Asset Management Inc. now owns 13,027 shares of the aerospace company’s stock valued at $1,076,000 after buying an additional 119 shares during the period. Ameriprise Financial Inc. raised its stake in Ducommun by 2.3% in the third quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company’s stock worth $657,000 after buying an additional 153 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Ducommun by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 5,014 shares of the aerospace company’s stock worth $414,000 after buying an additional 155 shares during the period. 92.15% of the stock is currently owned by institutional investors.

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.