Truist Financial Issues Positive Forecast for Ducommun (NYSE:DCO) Stock Price

Ducommun (NYSE:DCO - Get Free Report) had its price target lifted by equities researchers at Truist Financial from $87.00 to $95.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the aerospace company's stock. Truist Financial's price objective would indicate a potential upside of 13.00% from the stock's previous close.

DCO has been the subject of a number of other reports. The Goldman Sachs Group raised their target price 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 raised their target price on Ducommun from $72.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. Wall Street Zen raised Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. Finally, B. Riley reiterated a "buy" rating on shares of Ducommun in a report on Wednesday, May 7th. Four 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.com, the company currently has an average rating of "Buy" and an average target price of $94.67.

Ducommun Price Performance

Shares of NYSE:DCO traded up $0.14 during midday trading on Friday, reaching $84.07. 8,150 shares of the company's stock traded hands, compared to its average volume of 84,599. Ducommun has a 1 year low of $51.76 and a 1 year high of $86.64. The company has a market cap of $1.25 billion, a P/E ratio of 36.08 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 company has a fifty day simple moving average of $74.06 and a two-hundred day simple moving average of $65.70.

Ducommun (NYSE:DCO - Get Free Report) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $192.30 million. During the same quarter last year, the firm posted $0.70 EPS. The business's revenue was up 1.7% on a year-over-year basis. Equities analysts predict that Ducommun will post 3.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Ducommun

A number of hedge funds have recently modified their holdings of DCO. Rhumbline Advisers boosted its holdings in Ducommun by 4.7% during the 1st 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. grew its position in Ducommun by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company's stock valued at $467,000 after acquiring an additional 319 shares in the last quarter. AQR Capital Management LLC grew its position in Ducommun by 14.5% in the 1st quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company's stock valued at $4,844,000 after acquiring an additional 10,574 shares in the last quarter. Vident Advisory LLC acquired a new position in Ducommun in the 1st quarter valued at about $2,769,000. Finally, Gamco Investors INC. ET AL grew its position in Ducommun by 1.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 588,278 shares of the aerospace company's stock valued at $34,138,000 after acquiring an additional 6,572 shares in the last quarter. 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.

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