Analysts Set Ducommun Incorporated (NYSE:DCO) Target Price at $62.80

Ducommun Incorporated (NYSE:DCO) has earned an average recommendation of “Moderate Buy” from the five analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $62.80.

A number of brokerages have weighed in on DCO. Royal Bank of Canada restated an “outperform” rating and issued a $60.00 target price on shares of Ducommun in a research report on Friday, February 16th. Truist Financial reduced their price objective on Ducommun from $69.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Finally, B. Riley reiterated a “buy” rating and issued a $72.00 target price on shares of Ducommun in a research report on Friday, February 16th.

Ducommun Price Performance

Shares of DCO stock opened at $52.18 on Friday. The business has a fifty day simple moving average of $50.54 and a 200 day simple moving average of $49.90. The company has a market cap of $763.97 million, a P/E ratio of 45.37 and a beta of 1.28. The company has a quick ratio of 1.91, a current ratio of 2.99 and a debt-to-equity ratio of 0.40. Ducommun has a twelve month low of $40.24 and a twelve month high of $58.19.

Ducommun (NYSE:DCO) last issued its earnings results on Thursday, February 15th. The aerospace company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.59 by $0.11. The firm had revenue of $192.23 million during the quarter, compared to the consensus estimate of $193.24 million. Ducommun had a return on equity of 5.94% and a net margin of 2.10%. On average, sell-side analysts forecast that Ducommun will post 2.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Ducommun

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bragg Financial Advisors Inc boosted its position in Ducommun by 0.3% during the fourth quarter. Bragg Financial Advisors Inc now owns 100,187 shares of the aerospace company’s stock valued at $5,216,000 after acquiring an additional 260 shares during the last quarter. Covestor Ltd boosted its position in shares of Ducommun by 33.9% during the 3rd quarter. Covestor Ltd now owns 1,083 shares of the aerospace company’s stock valued at $47,000 after purchasing an additional 274 shares in the last quarter. Franklin Resources Inc. grew its stake in Ducommun by 0.7% during the fourth quarter. Franklin Resources Inc. now owns 68,525 shares of the aerospace company’s stock worth $3,567,000 after purchasing an additional 500 shares during the period. Swiss National Bank increased its holdings in Ducommun by 2.2% in the third quarter. Swiss National Bank now owns 28,200 shares of the aerospace company’s stock worth $1,227,000 after purchasing an additional 600 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Ducommun by 13.1% in the third quarter. Advisors Asset Management Inc. now owns 8,580 shares of the aerospace company’s stock valued at $373,000 after buying an additional 995 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.

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.