Ducommun (NYSE:DCO) Given New $95.00 Price Target at Truist Financial

Ducommun (NYSE:DCO - Free Report) had its price target upped by Truist Financial from $87.00 to $95.00 in a research report released on Friday,Benzinga reports. They currently have a buy rating on the aerospace company's stock.

A number of other analysts have also weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. B. Riley reiterated a "buy" rating on shares of Ducommun in a report on Wednesday, May 7th. Royal Bank Of Canada boosted their target price on shares of Ducommun from $72.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. Finally, Wall Street Zen upgraded shares of Ducommun from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $94.67.

Ducommun Trading Up 2.2%

NYSE DCO traded up $1.85 on Friday, hitting $85.78. 99,616 shares of the stock were exchanged, compared to its average volume of 85,106. 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 stock has a fifty day moving average price of $74.60 and a two-hundred day moving average price of $65.87. The firm has a market capitalization of $1.28 billion, a P/E ratio of 36.82 and a beta of 1.36. Ducommun has a 52-week low of $51.76 and a 52-week high of $86.64.

Ducommun (NYSE:DCO - Get Free Report) last released its 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 business had revenue of $194.11 million during the quarter, compared to the consensus estimate of $192.30 million. During the same period last year, the company earned $0.70 earnings per share. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. Research analysts forecast that Ducommun will post 3.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Ducommun

Hedge funds have recently modified their holdings of the stock. Gibson Capital LLC acquired a new position in Ducommun in the 4th quarter worth approximately $6,763,000. Raymond James Financial Inc. acquired a new position in Ducommun during the fourth quarter valued at $6,737,000. Kennedy Capital Management LLC lifted its position in Ducommun by 60.9% during the fourth quarter. Kennedy Capital Management LLC now owns 273,517 shares of the aerospace company's stock valued at $17,412,000 after purchasing an additional 103,570 shares during the period. Oberweis Asset Management Inc. acquired a new position in Ducommun during the fourth quarter valued at $6,092,000. Finally, Nuveen LLC acquired a new position in Ducommun during the first quarter valued at $5,097,000. 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.