Ducommun (NYSE:DCO) Stock Price Expected to Rise, Truist Financial Analyst Says

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

Other research analysts have also issued reports about the stock. B. Riley reiterated a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. Wall Street Zen upgraded shares of Ducommun from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 7th. Royal Bank Of Canada raised their target price on shares of Ducommun from $72.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. Finally, The Goldman Sachs Group boosted their price target on Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $96.25.

Ducommun Stock Up 3.3%

Ducommun stock traded up $2.83 during trading hours on Friday, hitting $88.54. 274,017 shares of the stock traded hands, compared to its average volume of 86,033. Ducommun has a one year low of $51.76 and a one year high of $89.74. The firm's 50-day moving average price is $74.60 and its two-hundred day moving average price is $65.92. 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 company has a market cap of $1.32 billion, a PE ratio of 38.00 and a beta of 1.36.

Ducommun (NYSE:DCO - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.20. The company 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 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. On average, research analysts forecast that Ducommun will post 3.21 EPS for the current year.

Institutional Trading of Ducommun

Several institutional investors have recently bought and sold shares of DCO. Bank of New York Mellon Corp grew its holdings in shares of Ducommun by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 40,454 shares of the aerospace company's stock valued at $2,575,000 after buying an additional 430 shares during the last quarter. US Bancorp DE lifted its position in 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in Ducommun during the 4th quarter valued at $6,737,000. PNC Financial Services Group Inc. increased its holdings in shares of Ducommun by 12.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company's stock worth $146,000 after purchasing an additional 261 shares in the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Ducommun by 32,550.0% in the 4th quarter. AlphaQuest LLC now owns 5,224 shares of the aerospace company's stock worth $333,000 after purchasing an additional 5,208 shares in the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

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.