Ducommun (NYSE:DCO) Price Target Raised to $100.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has raised the price target for Ducommun (NYSE:DCO) from $95.00 to $100.00, indicating a potential upside of 12.82%.
• Ducommun recently reported earnings of $0.88 per share, surpassing analyst expectations, with quarterly revenues increasing by 2.7% year-over-year.
• Over 92% of Ducommun's shares are owned by institutional investors, highlighting strong institutional confidence in the stock.

Ducommun (NYSE:DCO - Get Free Report) had its price objective boosted by analysts at Royal Bank Of Canada from $95.00 to $100.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the aerospace company's stock. Royal Bank Of Canada's price target indicates a potential upside of 12.82% from the company's current price.

Other research analysts also recently issued reports about the company. Truist Financial boosted their price target on Ducommun from $87.00 to $95.00 and gave the company a "buy" rating in a report on Friday, July 11th. Wall Street Zen downgraded Ducommun from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. B. Riley reiterated a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. The Goldman Sachs Group boosted their price target on Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, Citigroup reiterated a "buy" rating and set a $101.00 price target (up from $91.00) on shares of Ducommun in a research report on Monday, July 14th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Ducommun has a consensus rating of "Buy" and a consensus target price of $97.50.

Ducommun Stock Down 3.5%

Shares of DCO stock traded down $3.22 during trading hours on Friday, reaching $88.64. 65,934 shares of the company's stock were exchanged, compared to its average volume of 98,741. Ducommun has a 1 year low of $51.76 and a 1 year high of $93.41. The stock has a market cap of $1.32 billion, a PE ratio of 38.02 and a beta of 1.38. The company has a current ratio of 3.34, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33. The stock's fifty day moving average price is $83.42 and its two-hundred day moving average price is $69.17.

Ducommun (NYSE:DCO - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.08. The business had revenue of $202.26 million for the quarter, compared to analyst estimates of $199.29 million. Ducommun had a return on equity of 7.61% and a net margin of 4.45%. The company's revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. Research analysts predict that Ducommun will post 3.21 EPS for the current year.

Institutional Investors Weigh In On Ducommun

A number of hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC raised its position in shares of Ducommun by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock worth $28,000 after acquiring an additional 386 shares in the last quarter. CWM LLC raised its position in shares of Ducommun by 27.7% during the 2nd quarter. CWM LLC now owns 687 shares of the aerospace company's stock worth $57,000 after acquiring an additional 149 shares in the last quarter. Virtus Fund Advisers LLC purchased a new position in Ducommun during the 4th quarter worth approximately $78,000. Central Pacific Bank Trust Division grew its stake in Ducommun by 200.0% during the 1st quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company's stock worth $87,000 after buying an additional 1,000 shares during the last quarter. Finally, Parvin Asset Management LLC purchased a new position in Ducommun during the 4th quarter worth approximately $98,000. 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.

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