Truist Financial Has Lowered Expectations for Ducommun (NYSE:DCO) Stock Price

Ducommun (NYSE:DCO - Get Free Report) had its price objective lowered by equities researchers at Truist Financial from $82.00 to $70.00 in a research note issued on Thursday,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 27.67% from the stock's current price.

DCO has been the subject of a number of other research reports. Royal Bank of Canada started coverage on shares of Ducommun in a research report on Tuesday, December 31st. They issued an "outperform" rating and a $72.00 price objective for the company. StockNews.com downgraded Ducommun from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 15th.

Ducommun Stock Performance

Shares of NYSE DCO traded down $0.45 during midday trading on Thursday, reaching $54.83. 43,781 shares of the stock were exchanged, compared to its average volume of 76,969. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. The firm has a 50-day simple moving average of $58.49 and a two-hundred day simple moving average of $62.75. Ducommun has a twelve month low of $51.76 and a twelve month high of $70.50. The firm has a market cap of $814.94 million, a price-to-earnings ratio of 27.59 and a beta of 1.27.

Hedge Funds Weigh In On Ducommun

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rafferty Asset Management LLC raised its stake in Ducommun by 4.9% in the 4th quarter. Rafferty Asset Management LLC now owns 3,481 shares of the aerospace company's stock valued at $222,000 after purchasing an additional 164 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ducommun by 3.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,731 shares of the aerospace company's stock valued at $492,000 after buying an additional 247 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Ducommun by 12.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company's stock valued at $146,000 after purchasing an additional 261 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Ducommun by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock worth $28,000 after buying an additional 386 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of Ducommun by 10.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,361 shares of the aerospace company's stock worth $278,000 after purchasing an additional 414 shares during the period. Hedge funds and other 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.