Ducommun (NYSE:DCO) Trading Down 4.5% - What's Next?

Ducommun Incorporated (NYSE:DCO - Get Free Report)'s share price fell 4.5% on Monday . The stock traded as low as $82.46 and last traded at $82.42. 94,126 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 87,607 shares. The stock had previously closed at $86.27.

Analysts Set New Price Targets

DCO has been the topic of several research analyst reports. Truist Financial boosted their price target on shares of Ducommun from $76.00 to $87.00 and gave the company a "buy" rating in a report on Thursday, June 12th. B. Riley reaffirmed a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. The Goldman Sachs Group raised their price target on Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Royal Bank Of Canada lifted their price target on Ducommun from $72.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Wall Street Zen upgraded Ducommun from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 7th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Ducommun has an average rating of "Buy" and a consensus target price of $92.00.

Ducommun Stock Up 2.3%

The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 36.38 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 3.34. The business's 50 day moving average is $71.35 and its 200-day moving average is $64.93.

Ducommun (NYSE:DCO - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.20. The business had revenue of $194.11 million for the quarter, compared to analyst estimates of $192.30 million. Ducommun had a return on equity of 7.61% and a net margin of 4.45%. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 earnings per share. Equities analysts anticipate that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Rhumbline Advisers increased its stake in Ducommun by 4.7% during the first quarter. Rhumbline Advisers now owns 23,912 shares of the aerospace company's stock valued at $1,388,000 after acquiring an additional 1,081 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Ducommun by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company's stock valued at $467,000 after purchasing an additional 319 shares during the period. AQR Capital Management LLC increased its position in shares of Ducommun by 14.5% during the first quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company's stock valued at $4,844,000 after purchasing an additional 10,574 shares during the period. Vident Advisory LLC acquired a new position in shares of Ducommun in the first quarter valued at $2,769,000. Finally, Gamco Investors INC. ET AL lifted its position in Ducommun by 1.1% in the first quarter. Gamco Investors INC. ET AL now owns 588,278 shares of the aerospace company's stock worth $34,138,000 after purchasing an additional 6,572 shares during the period. Institutional investors and hedge funds 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.