Ducommun (NYSE:DCO) Price Target Cut to $203.00 by Analysts at B. Riley Financial

Key Points

• B. Riley cut its Ducommun price target to $203 from $222 but maintained a Buy rating, implying 48.41% upside from the prior close.
• Analyst sentiment is broadly positive: five analysts rate the stock Buy and three Hold, with an average price target of $200.83.
• Ducommun beat quarterly estimates, reporting EPS of $1.21 versus $1.15 expected and revenue of $227.02 million, up 6.8% year over year.

Ducommun (NYSE:DCO - Get Free Report) had its price target reduced by B. Riley Financial from $222.00 to $203.00 in a report released on Friday, Benzinga reports. The firm currently has a "buy" rating on the aerospace company's stock. B. Riley Financial's price target would suggest a potential upside of 48.41% from the company's previous close.

A number of other equities research analysts have also recently commented on the stock. Zacks Research cut shares of Ducommun from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 12th. Truist Financial lifted their price target on shares of Ducommun from $150.00 to $209.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Wall Street Zen raised Ducommun from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Citigroup reaffirmed a "buy" rating on shares of Ducommun in a research report on Wednesday, August 12th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Ducommun in a report on Monday, August 10th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $200.83.

Ducommun Stock Up 3.2%

Ducommun stock traded up $4.28 during trading hours on Friday, reaching $136.78. The stock had a trading volume of 32,138 shares, compared to its average volume of 217,284. The company has a market cap of $2.07 billion, a price-to-earnings ratio of -73.04 and a beta of 1.11. The business's 50 day moving average price is $167.65 and its 200-day moving average price is $153.96. Ducommun has a 52 week low of $84.76 and a 52 week high of $210.39. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.36 and a quick ratio of 2.38.

Ducommun (NYSE:DCO - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The aerospace company reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.06. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The business had revenue of $227.02 million for the quarter, compared to analysts' expectations of $221.93 million. During the same period last year, the business earned $0.99 EPS. The company's revenue was up 6.8% compared to the same quarter last year. Sell-side analysts anticipate that Ducommun will post 4.26 EPS for the current year.

Insider Activity

In related news, CEO Stephen Oswald sold 5,766 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $201.15, for a total value of $1,159,830.90. Following the completion of the transaction, the chief executive officer directly owned 385,875 shares of the company's stock, valued at $77,618,756.25. This trade represents a 1.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.00% of the stock is currently owned by company insiders.

Institutional Trading of Ducommun

Large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Ducommun during the second quarter worth about $359,395,000. Paradigm Capital Management Inc. NY purchased a new stake in Ducommun in the second quarter valued at approximately $142,704,000. Van ECK Associates Corp boosted its position in Ducommun by 68.4% in the second quarter. Van ECK Associates Corp now owns 427,603 shares of the aerospace company's stock valued at $79,196,000 after buying an additional 173,616 shares during the last quarter. Moore Capital Management LP acquired a new position in Ducommun in the 2nd quarter worth approximately $44,236,000. Finally, Deutsche Bank AG acquired a new position in Ducommun in the 2nd quarter worth approximately $41,095,000. Hedge funds and other institutional investors own 92.15% of the company's stock.

Ducommun Company Profile

Ducommun Incorporated NYSE: DCO is a manufacturer of engineered components, assemblies and systems for the aerospace, defense and space industries. The company supplies products used in commercial aircraft, military platforms, launch vehicles, satellites and other mission-critical applications.

Its offerings include structural components and assemblies, precision-machined parts, composite structures, electronic and electromechanical systems, circuit-card assemblies, wire harnesses and other specialized products.

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