Truist Financial Issues Positive Forecast for Ducommun (NYSE:DCO) Stock Price

Ducommun (NYSE:DCO - Get Free Report) had its target price lifted by investment analysts at Truist Financial from $71.00 to $80.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the aerospace company's stock. Truist Financial's price objective points to a potential upside of 17.84% from the company's current price.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group raised Ducommun from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $64.00 to $80.00 in a report on Tuesday, August 13th. StockNews.com raised Ducommun from a "hold" rating to a "buy" rating in a research note on Saturday, August 17th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $73.00.

Ducommun Price Performance

Shares of NYSE:DCO traded up $0.17 during trading on Friday, reaching $67.89. The stock had a trading volume of 279,629 shares, compared to its average volume of 76,282. The stock has a market capitalization of $1.00 billion, a PE ratio of 44.62 and a beta of 1.39. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.06 and a quick ratio of 1.97. Ducommun has a 52 week low of $46.79 and a 52 week high of $70.00. The business's 50-day moving average price is $63.78 and its 200 day moving average price is $60.79.

Ducommun (NYSE:DCO - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.20. The firm had revenue of $197.00 million during the quarter, compared to the consensus estimate of $194.57 million. Ducommun had a return on equity of 6.79% and a net margin of 2.95%. The business'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 posted $0.54 EPS. As a group, equities analysts predict that Ducommun will post 2.97 earnings per share for the current year.

Insider Activity at Ducommun

In related news, VP Jerry L. Redondo sold 3,300 shares of the firm's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $60.69, for a total value of $200,277.00. Following the completion of the transaction, the vice president now directly owns 63,826 shares of the company's stock, valued at approximately $3,873,599.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Jerry L. Redondo sold 3,300 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $60.69, for a total value of $200,277.00. Following the transaction, the vice president now directly owns 63,826 shares of the company's stock, valued at $3,873,599.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen G. Oswald sold 1,200 shares of the company's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $66.32, for a total transaction of $79,584.00. Following the completion of the transaction, the chief executive officer now owns 341,151 shares in the company, valued at approximately $22,625,134.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,270 shares of company stock valued at $329,295. 8.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Ducommun

Institutional investors and hedge funds have recently modified their holdings of the business. Eastern Bank bought a new position in shares of Ducommun during the third quarter worth approximately $118,000. EntryPoint Capital LLC increased its holdings in Ducommun by 323.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company's stock valued at $129,000 after buying an additional 1,914 shares during the period. Arizona State Retirement System acquired a new position in shares of Ducommun in the 2nd quarter valued at approximately $202,000. SG Americas Securities LLC bought a new stake in shares of Ducommun during the 3rd quarter worth approximately $213,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Ducommun during the 1st quarter worth approximately $274,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Ducommun Company Profile

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.