Truist Financial Raises Ducommun (NYSE:DCO) Price Target to $87.00

Ducommun (NYSE:DCO - Get Free Report) had its target price boosted by equities researchers at Truist Financial from $76.00 to $87.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the aerospace company's stock. Truist Financial's price target suggests a potential upside of 13.90% from the stock's previous close.

A number of other brokerages also recently issued reports on DCO. B. Riley reaffirmed a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. Wall Street Zen raised Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $79.67.

Ducommun Trading Up 2.4%

Shares of NYSE:DCO traded up $1.76 during trading hours on Thursday, hitting $76.38. 87,564 shares of the company's stock traded hands, compared to its average volume of 78,152. Ducommun has a 1 year low of $51.76 and a 1 year high of $76.73. The business has a fifty day moving average price of $63.16 and a 200-day moving average price of $63.15. The firm has a market capitalization of $1.14 billion, a P/E ratio of 38.38 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16.

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 the consensus estimate of $0.63 by $0.20. The business had revenue of $194.11 million during the quarter, compared to analyst estimates of $192.30 million. Ducommun had a return on equity of 7.40% and a net margin of 3.82%. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 earnings per share. Equities analysts expect that Ducommun will post 3.21 earnings per share for the current year.

Institutional Trading of Ducommun

A number of hedge funds have recently bought and sold shares of the business. Rhumbline Advisers raised its holdings in Ducommun by 4.7% in 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 during the last quarter. AQR Capital Management LLC raised its holdings 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 during the last quarter. Vident Advisory LLC acquired a new stake in Ducommun in the 1st quarter valued at about $2,769,000. Finally, Gamco Investors INC. ET AL raised its holdings 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 during the last quarter. 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.