Ducommun (NYSE:DCO) Given New $80.00 Price Target at Truist Financial

Ducommun (NYSE:DCO) had its target price upped by equities researchers at Truist Financial from $71.00 to $80.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. Truist Financial’s price objective indicates a potential upside of 16.43% from the company’s current price.

Several other brokerages also recently issued reports on DCO. The Goldman Sachs Group raised Ducommun from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $64.00 to $80.00 in a research note 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, Ducommun currently has an average rating of “Buy” and a consensus price target of $73.00.

Ducommun Trading Up 1.5 %

Shares of NYSE DCO opened at $68.71 on Friday. Ducommun has a 12 month low of $46.79 and a 12 month high of $70.00. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 44.62 and a beta of 1.39. The company has a quick ratio of 1.97, a current ratio of 3.06 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $63.78 and a 200-day simple moving average of $60.79.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, topping 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% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS. Sell-side analysts predict that Ducommun will post 2.97 EPS for the current year.

Insiders Place Their Bets

In other Ducommun news, VP Jerry L. Redondo sold 3,300 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Stephen G. Oswald sold 1,200 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $66.32, for a total transaction of $79,584.00. Following the transaction, the chief executive officer now owns 341,151 shares of the company’s stock, valued at approximately $22,625,134.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 in the company, valued at approximately $3,873,599.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,270 shares of company stock valued at $329,295 in the last three months. Insiders own 8.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Ducommun by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 746,879 shares of the aerospace company’s stock valued at $38,315,000 after acquiring an additional 6,869 shares during the last quarter. RDST Capital LLC grew its holdings in 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 buying an additional 77,595 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Ducommun by 2.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 223,979 shares of the aerospace company’s stock valued at $13,004,000 after buying an additional 4,500 shares during the last quarter. Meros Investment Management LP grew its holdings in 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 last quarter. Finally, Diamond Hill Capital Management Inc. grew its holdings in Ducommun by 15.7% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 130,384 shares of the aerospace company’s stock valued at $8,583,000 after buying an additional 17,720 shares during the last quarter. Institutional investors and hedge funds 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.