Ducommun (NYSE:DCO) Price Target Cut to $71.00 by Analysts at Truist Financial

Ducommun (NYSE:DCO) had its price objective reduced by Truist Financial from $72.00 to $71.00 in a research report sent to investors on Friday morning, Benzinga reports. Truist Financial currently has a buy rating on the aerospace company’s stock.

Other equities research analysts also recently issued research reports about the company. StockNews.com raised Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. The Goldman Sachs Group raised shares of Ducommun from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $64.00 to $80.00 in a report on Tuesday, August 13th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $70.75.

Ducommun Trading Down 2.0 %

Shares of Ducommun stock opened at $64.81 on Friday. Ducommun has a twelve month low of $45.75 and a twelve month high of $67.04. The firm has a market capitalization of $953.74 million, a PE ratio of 54.50 and a beta of 1.38. The company has a current ratio of 3.06, a quick ratio of 1.97 and a debt-to-equity ratio of 0.38. The firm’s 50-day moving average price is $64.39 and its 200 day moving average price is $59.87.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. The company had revenue of $197.00 million for the quarter, compared to analyst estimates of $194.57 million. Ducommun had a return on equity of 6.79% and a net margin of 2.95%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 EPS. On average, sell-side analysts predict that Ducommun will post 2.93 EPS for the current fiscal year.

Insider Buying and Selling

In other Ducommun news, VP Jerry L. Redondo sold 3,300 shares of Ducommun stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $60.69, for a total transaction of $200,277.00. Following the completion of the transaction, the vice president now owns 63,826 shares in the company, valued at approximately $3,873,599.94. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Jerry L. Redondo sold 3,300 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $60.69, for a total value of $200,277.00. Following the sale, the vice president now directly owns 63,826 shares in the company, valued at $3,873,599.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jerry L. Redondo sold 770 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $64.20, for a total transaction of $49,434.00. Following the sale, the vice president now directly owns 63,826 shares in the company, valued at $4,097,629.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,270 shares of company stock worth $329,295 in the last three months. Corporate insiders own 8.80% of the company’s stock.

Institutional Investors Weigh In On Ducommun

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its stake in Ducommun by 49.7% in the 1st quarter. BNP Paribas Financial Markets now owns 24,918 shares of the aerospace company’s stock worth $1,278,000 after buying an additional 8,273 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Ducommun by 7.6% in the first quarter. First Eagle Investment Management LLC now owns 219,479 shares of the aerospace company’s stock valued at $11,259,000 after purchasing an additional 15,494 shares during the period. RDST Capital LLC increased its position in Ducommun by 16.8% during the second quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock worth $31,369,000 after purchasing an additional 77,595 shares during the last quarter. Diamond Hill Capital Management Inc. raised its stake in Ducommun by 70.4% during the second quarter. Diamond Hill Capital Management Inc. now owns 112,664 shares of the aerospace company’s stock worth $6,541,000 after purchasing an additional 46,544 shares during the period. Finally, Oliver Luxxe Assets LLC boosted its holdings in shares of Ducommun by 111.5% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 20,304 shares of the aerospace company’s stock valued at $1,337,000 after purchasing an additional 10,702 shares during the last quarter. 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.