Ducommun (NYSE:DCO) Price Target Raised to $94.00 at The Goldman Sachs Group

Ducommun (NYSE:DCO - Get Free Report) had its price objective raised by equities research analysts at The Goldman Sachs Group from $84.00 to $94.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the aerospace company's stock. The Goldman Sachs Group's price target suggests a potential upside of 10.59% from the stock's current price.

Several other research analysts also recently commented on DCO. Wall Street Zen upgraded Ducommun from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 7th. B. Riley restated a "buy" rating on shares of Ducommun in a report on Wednesday, May 7th. Finally, Truist Financial raised their price objective on Ducommun from $76.00 to $87.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $84.33.

Ducommun Trading Up 3.3%

Shares of NYSE DCO traded up $2.73 during midday trading on Monday, hitting $85.00. The company's stock had a trading volume of 181,856 shares, compared to its average volume of 81,850. 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 business's 50 day moving average is $67.97 and its two-hundred day moving average is $64.08. Ducommun has a 12-month low of $51.76 and a 12-month high of $85.04. The firm has a market cap of $1.26 billion, a P/E ratio of 36.48 and a beta of 1.33.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DCO. Sterling Capital Management LLC increased its holdings in 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 purchasing an additional 386 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Ducommun by 833.3% in the 4th quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company's stock valued at $46,000 after acquiring an additional 650 shares during the period. Virtus Fund Advisers LLC purchased a new position in shares of Ducommun in the 4th quarter valued at $78,000. US Bancorp DE increased its holdings in shares of Ducommun by 49.9% in the 4th quarter. US Bancorp DE now owns 1,327 shares of the aerospace company's stock valued at $84,000 after acquiring an additional 442 shares during the period. Finally, Central Pacific Bank Trust Division increased its holdings in shares of Ducommun by 200.0% in the 1st quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company's stock valued at $87,000 after acquiring an additional 1,000 shares during the period. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

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.