Ducommun Incorporated (NYSE:DCO) Stock Has Average Price Target of $198.17 According to Analysts

Shares of Ducommun Incorporated (NYSE:DCO) have been given a consensus rating of “Moderate Buy” by the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $198.17.

DCO has been the subject of a number of research analyst reports. Citigroup reiterated a “buy” rating on shares of Ducommun in a report on Wednesday, August 12th. Guggenheim initiated coverage on Ducommun in a research report on Friday, October 9th. They issued a “buy” rating and a $246.00 target price on the stock. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a report on Friday, August 7th. Royal Bank Of Canada cut their target price on Ducommun from $200.00 to $180.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 28th. Finally, Zacks Research downgraded shares of Ducommun from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th.

Insider Activity

In other news, CEO Stephen Oswald sold 2,500 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $203.95, for a total transaction of $509,875.00. Following the transaction, the chief executive officer owned 383,864 shares of the company’s stock, valued at approximately $78,289,062.80. This represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Simplex Trading LLC raised its stake in shares of Ducommun by 434.6% in the third quarter. Simplex Trading LLC now owns 278 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 226 shares in the last quarter. Ethic Inc. lifted its position in Ducommun by 105.7% in the third quarter. Ethic Inc. now owns 2,800 shares of the aerospace company’s stock worth $480,000 after purchasing an additional 1,439 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of Ducommun by 19.9% in the 3rd quarter. Pictet Asset Management Holding SA now owns 2,680 shares of the aerospace company’s stock valued at $460,000 after buying an additional 445 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Ducommun by 44.8% during the 3rd quarter. Parallel Advisors LLC now owns 365 shares of the aerospace company’s stock worth $63,000 after acquiring an additional 113 shares during the period. Finally, Plancorp LLC lifted its holdings in shares of Ducommun by 30.7% during the 3rd quarter. Plancorp LLC now owns 4,066 shares of the aerospace company’s stock worth $652,000 after acquiring an additional 955 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Ducommun Price Performance

DCO stock opened at $131.87 on Friday. The stock has a 50-day moving average price of $167.65 and a two-hundred day moving average price of $153.96. The company has a market cap of $1.99 billion, a PE ratio of -70.52 and a beta of 1.11. Ducommun has a 12-month low of $84.76 and a 12-month high of $210.39. The company has a current ratio of 3.36, a quick ratio of 2.38 and a debt-to-equity ratio of 0.39.

Ducommun (NYSE:DCO) last posted its earnings results on Thursday, November 5th. The aerospace company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.06. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The business had revenue of $227.02 million for the quarter, compared to analysts’ expectations of $221.93 million. During the same period in the previous year, the company posted $0.99 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, research analysts predict that Ducommun will post 4.26 EPS for the current year.

About Ducommun

Ducommun Incorporated (NYSE: DCO) is a manufacturer of engineered components, assemblies and systems for the aerospace, defense and space industries. The company supplies products used in commercial aircraft, military platforms, launch vehicles, satellites and other mission-critical applications.

Its offerings include structural components and assemblies, precision-machined parts, composite structures, electronic and electromechanical systems, circuit-card assemblies, wire harnesses and other specialized products.