Ducommun (NYSE:DCO) Reaches New 12-Month High on Analyst Upgrade

Ducommun Incorporated (NYSE:DCO - Get Free Report) reached a new 52-week high during trading on Monday after Truist Financial raised their price target on the stock from $87.00 to $95.00. Truist Financial currently has a buy rating on the stock. Ducommun traded as high as $87.51 and last traded at $86.94, with a volume of 31333 shares changing hands. The stock had previously closed at $85.71.

DCO has been the subject of several other research reports. Royal Bank Of Canada increased their price target on Ducommun from $72.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. The Goldman Sachs Group raised their target price on shares of Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Wall Street Zen upgraded shares of Ducommun from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 7th. Finally, B. Riley reissued a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $94.67.

Hedge Funds Weigh In On Ducommun

Large investors have recently modified their holdings of the business. Sterling Capital Management LLC grew its holdings in shares of Ducommun by 804.2% in 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 during the period. Virtus Fund Advisers LLC purchased a new stake in Ducommun during the fourth quarter worth $78,000. US Bancorp DE grew its holdings in Ducommun by 49.9% in the fourth quarter. US Bancorp DE now owns 1,327 shares of the aerospace company's stock valued at $84,000 after purchasing an additional 442 shares during the last quarter. Central Pacific Bank Trust Division increased its position in shares of Ducommun by 200.0% in the first quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company's stock valued at $87,000 after buying an additional 1,000 shares in the last quarter. Finally, Parvin Asset Management LLC purchased a new position in shares of Ducommun in the fourth quarter valued at $98,000. 92.15% of the stock is owned by hedge funds and other institutional investors.

Ducommun Stock Up 2.6%

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 firm has a 50 day moving average price of $74.60 and a 200-day moving average price of $65.92. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 37.75 and a beta of 1.36.

Ducommun (NYSE:DCO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. 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 $194.11 million during the quarter, compared to the consensus estimate of $192.30 million. Ducommun had a return on equity of 7.61% and a net margin of 4.45%. The company's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 EPS. On average, equities analysts forecast that Ducommun Incorporated will post 3.21 EPS for the current year.

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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