Ducommun (NYSE:DCO) Price Target Raised to $200.00

Ducommun (NYSE:DCO) had its price target upped by equities researchers at Royal Bank Of Canada from $175.00 to $200.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “sector performer” rating on the aerospace company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 1.93% from the stock’s previous close.

DCO has been the subject of a number of other research reports. Weiss Ratings cut Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Wall Street Zen cut Ducommun from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. The Goldman Sachs Group raised their price target on Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a report on Monday, April 20th. B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a research note on Friday. Finally, Citigroup boosted their target price on shares of Ducommun from $167.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Ducommun presently has an average rating of “Moderate Buy” and a consensus price target of $180.80.

Ducommun Stock Down 2.6%

Ducommun stock traded down $5.25 during trading hours on Friday, reaching $196.22. The stock had a trading volume of 188,879 shares, compared to its average volume of 223,672. The company has a market cap of $2.96 billion, a price-to-earnings ratio of -83.05 and a beta of 1.04. The business’s 50 day moving average price is $170.60 and its 200-day moving average price is $144.60. Ducommun has a 52 week low of $84.76 and a 52 week high of $210.39. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.67 and a quick ratio of 2.59.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.20. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The business had revenue of $224.49 million for the quarter, compared to analysts’ expectations of $214.32 million. During the same period last year, the business earned $0.88 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. Sell-side analysts anticipate that Ducommun will post 4.07 EPS for the current year.

Insiders Place Their Bets

In other news, VP Rajiv A. Tata sold 1,612 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $145.00, for a total value of $233,740.00. Following the sale, the vice president directly owned 33,171 shares of the company’s stock, valued at $4,809,795. This represents a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jerry L. Redondo sold 5,682 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $154.36, for a total transaction of $877,073.52. Following the completion of the sale, the vice president owned 62,034 shares in the company, valued at $9,575,568.24. The trade was a 8.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 7,883 shares of company stock valued at $1,200,336. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Ducommun

Several hedge funds have recently added to or reduced their stakes in DCO. Optiver Holding B.V. purchased a new position in shares of Ducommun during the 1st quarter valued at about $27,000. EverSource Wealth Advisors LLC boosted its stake in shares of Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after buying an additional 297 shares during the last quarter. State of Wyoming acquired a new stake in Ducommun during the first quarter worth about $35,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Ducommun during the first quarter worth about $56,000. Finally, KBC Group NV purchased a new position in Ducommun during the first quarter valued at approximately $71,000. 92.15% of the stock is owned by hedge funds and other institutional investors.

Ducommun Company Profile

Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.

Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.