Ducommun (NYSE:DCO) Given New $64.00 Price Target at The Goldman Sachs Group

Ducommun (NYSE:DCO - Get Free Report) had its price objective boosted by analysts at The Goldman Sachs Group from $57.00 to $64.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the aerospace company's stock. The Goldman Sachs Group's price target points to a potential upside of 12.99% from the company's current price.

DCO has been the topic of several other reports. B. Riley reissued a "buy" rating and set a $72.00 price target on shares of Ducommun in a research report on Friday, February 16th. Royal Bank of Canada reissued an "outperform" rating and set a $60.00 price target on shares of Ducommun in a research report on Friday, February 16th. StockNews.com raised Ducommun from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Truist Financial reduced their price target on Ducommun from $69.00 to $65.00 and set a "buy" rating on the stock in a research report on Friday, February 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $65.20.

Ducommun Trading Down 1.6 %

Shares of NYSE DCO traded down $0.91 during midday trading on Monday, hitting $56.64. The stock had a trading volume of 58,472 shares, compared to its average volume of 103,621. The company has a market capitalization of $833.74 million, a price-to-earnings ratio of 47.60 and a beta of 1.26. Ducommun has a 1-year low of $40.24 and a 1-year high of $60.00. The company has a quick ratio of 1.88, a current ratio of 2.99 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average price of $52.40 and a 200 day moving average price of $50.85.

Ducommun (NYSE:DCO - Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The aerospace company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.18. The business had revenue of $190.90 million for the quarter, compared to analyst estimates of $189.20 million. Ducommun had a return on equity of 6.06% and a net margin of 2.29%. The company's revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 EPS. On average, analysts predict that Ducommun will post 2.77 earnings per share for the current year.

Institutional Investors Weigh In On Ducommun

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bragg Financial Advisors Inc raised its position in shares of Ducommun by 0.3% during the 4th quarter. Bragg Financial Advisors Inc now owns 100,187 shares of the aerospace company's stock valued at $5,216,000 after acquiring an additional 260 shares in the last quarter. Covestor Ltd increased its position in Ducommun by 33.9% in the third quarter. Covestor Ltd now owns 1,083 shares of the aerospace company's stock worth $47,000 after buying an additional 274 shares during the period. Franklin Resources Inc. increased its position in Ducommun by 0.7% in the fourth quarter. Franklin Resources Inc. now owns 68,525 shares of the aerospace company's stock worth $3,567,000 after buying an additional 500 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Ducommun by 2.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 24,834 shares of the aerospace company's stock worth $1,274,000 after buying an additional 553 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Ducommun by 8.0% in the first quarter. Russell Investments Group Ltd. now owns 7,839 shares of the aerospace company's stock worth $402,000 after buying an additional 584 shares during the period. 92.15% of the stock is owned by institutional investors and hedge funds.

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.