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

Ducommun (NYSE:DCO) had its price target boosted by research analysts at Royal Bank Of Canada from $142.00 to $150.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the aerospace company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 20.17% from the stock’s previous close.

DCO has been the subject of a number of other research reports. Truist Financial upped their price objective on shares of Ducommun from $124.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Wall Street Zen downgraded shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. B. Riley Financial restated a “buy” rating on shares of Ducommun in a research report on Wednesday, January 28th. Zacks Research raised Ducommun from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Citigroup lifted their price objective on Ducommun from $125.00 to $143.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ducommun currently has a consensus rating of “Moderate Buy” and an average price target of $140.25.

Ducommun Price Performance

NYSE:DCO traded down $0.86 during mid-day trading on Friday, reaching $124.82. The stock had a trading volume of 68,302 shares, compared to its average volume of 164,787. The firm has a 50 day moving average price of $118.60 and a two-hundred day moving average price of $101.94. The stock has a market capitalization of $1.87 billion, a P/E ratio of -54.04 and a beta of 1.03. Ducommun has a one year low of $51.76 and a one year high of $140.02. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.47 and a current ratio of 3.50.

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

Insider Buying and Selling

In related news, Director Richard A. Baldridge sold 10,440 shares of the company’s stock in a transaction 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. This represents a 34.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ducommun

Hedge funds have recently modified their holdings of the company. Cornerstone Planning Group LLC raised its stake in shares of Ducommun by 6,725.0% during the third quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares during the last quarter. Traub Capital Management LLC bought a new stake in shares of Ducommun in the second quarter worth about $35,000. Financial Consulate Inc. purchased a new position in Ducommun during the 3rd quarter valued at about $48,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Ducommun during the 3rd quarter valued at about $63,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

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.