Ducommun (NYSE:DCO) Price Target Raised to $95.00

Ducommun (NYSE:DCO) had its price target upped by Royal Bank Of Canada from $72.00 to $95.00 in a report published on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the aerospace company’s stock.

DCO has been the topic of several other research reports. Wall Street Zen raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 7th. The Goldman Sachs Group increased their target price on shares of Ducommun from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. B. Riley reissued a “buy” rating on shares of Ducommun in a research note on Wednesday, May 7th. Finally, Truist Financial increased their target price on shares of Ducommun from $76.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, June 12th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Ducommun currently has an average rating of “Buy” and an average target price of $92.00.

Ducommun Price Performance

Ducommun stock opened at $84.77 on Thursday. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 36.38 and a beta of 1.36. The firm’s fifty day moving average is $71.91 and its 200 day moving average is $65.10. The company has a quick ratio of 2.20, a current ratio of 3.34 and a debt-to-equity ratio of 0.33. Ducommun has a 52-week low of $51.76 and a 52-week high of $86.64.

Ducommun (NYSE:DCO) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.20. Ducommun had a net margin of 4.45% and a return on equity of 7.61%. The business had revenue of $194.11 million for the quarter, compared to the consensus estimate of $192.30 million. During the same quarter in the prior year, the firm posted $0.70 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. Sell-side analysts forecast that Ducommun will post 3.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DCO. Bank of New York Mellon Corp increased its stake in Ducommun by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 40,454 shares of the aerospace company’s stock worth $2,575,000 after buying an additional 430 shares during the period. US Bancorp DE increased its stake in Ducommun by 49.9% in the 4th quarter. US Bancorp DE now owns 1,327 shares of the aerospace company’s stock worth $84,000 after buying an additional 442 shares during the period. Raymond James Financial Inc. purchased a new position in Ducommun in the 4th quarter worth about $6,737,000. PNC Financial Services Group Inc. increased its stake in Ducommun by 12.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company’s stock worth $146,000 after buying an additional 261 shares during the period. Finally, AlphaQuest LLC increased its stake in Ducommun by 32,550.0% in the 4th quarter. AlphaQuest LLC now owns 5,224 shares of the aerospace company’s stock worth $333,000 after buying an additional 5,208 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.

About Ducommun

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.