Ducommun (NYSE:DCO) Given New $82.00 Price Target at Truist Financial

Ducommun (NYSE:DCO - Get Free Report) had its price target hoisted by stock analysts at Truist Financial from $80.00 to $82.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the aerospace company's stock. Truist Financial's target price would indicate a potential upside of 22.59% from the stock's current price.

Other equities research analysts have also recently issued reports about the company. StockNews.com raised Ducommun from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 12th. Royal Bank of Canada began coverage on Ducommun in a report on Tuesday, December 31st. They issued an "outperform" rating and a $72.00 price target for the company. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $76.50.

Ducommun Price Performance

DCO stock traded up $0.99 during trading on Tuesday, hitting $66.89. The company had a trading volume of 54,655 shares, compared to its average volume of 80,681. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average price of $64.68 and a two-hundred day moving average price of $63.39. Ducommun has a fifty-two week low of $47.53 and a fifty-two week high of $70.50. The company has a market cap of $988.63 million, a P/E ratio of 33.61 and a beta of 1.41.

Insider Activity

In related news, Director Robert C. Ducommun sold 1,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $69.50, for a total value of $69,500.00. Following the transaction, the director now directly owns 409,900 shares in the company, valued at $28,488,050. This represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 8.80% of the stock is currently owned by insiders.

Institutional Trading of Ducommun

Several institutional investors and hedge funds have recently made changes to their positions in the business. RDST Capital LLC raised its position in shares of Ducommun by 16.8% in the 2nd quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company's stock valued at $31,369,000 after acquiring an additional 77,595 shares during the period. Geode Capital Management LLC raised its holdings in Ducommun by 0.5% in the third quarter. Geode Capital Management LLC now owns 310,704 shares of the aerospace company's stock worth $20,458,000 after purchasing an additional 1,610 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Ducommun by 2.1% during the second quarter. First Eagle Investment Management LLC now owns 223,979 shares of the aerospace company's stock worth $13,004,000 after purchasing an additional 4,500 shares in the last quarter. Meros Investment Management LP grew its holdings in shares of Ducommun by 1.4% in the 2nd quarter. Meros Investment Management LP now owns 206,449 shares of the aerospace company's stock valued at $11,986,000 after buying an additional 2,880 shares during the period. Finally, Wellington Management Group LLP bought a new stake in shares of Ducommun in the 3rd quarter valued at $8,990,000. Institutional investors own 92.15% of the company's stock.

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.