Ducommun (NYSE:DCO) Given New $80.00 Price Target at Truist Financial

Ducommun (NYSE:DCO) had its price objective hoisted by research analysts at Truist Financial from $71.00 to $80.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. Truist Financial’s target price indicates a potential upside of 16.43% from the stock’s previous close.

Several other equities research analysts have also issued reports on DCO. StockNews.com raised Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. The Goldman Sachs Group raised Ducommun from a “neutral” rating to a “buy” rating and upped their price target for the company from $64.00 to $80.00 in a research report on Tuesday, August 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ducommun has an average rating of “Buy” and a consensus target price of $73.00.

Ducommun Stock Performance

Shares of DCO opened at $68.71 on Friday. The business’s 50 day moving average is $63.78 and its two-hundred day moving average is $60.79. Ducommun has a 52-week low of $46.79 and a 52-week high of $70.00. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 44.62 and a beta of 1.39. The company has a quick ratio of 1.97, a current ratio of 3.06 and a debt-to-equity ratio of 0.38.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Thursday, August 8th. 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 $197.00 million for the quarter, compared to analyst estimates of $194.57 million. Ducommun had a return on equity of 6.79% and a net margin of 2.95%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. Analysts forecast that Ducommun will post 2.97 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Stephen G. Oswald sold 1,200 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $66.32, for a total value of $79,584.00. Following the completion of the transaction, the chief executive officer now owns 341,151 shares of the company’s stock, valued at approximately $22,625,134.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Stephen G. Oswald sold 1,200 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $66.32, for a total value of $79,584.00. Following the completion of the transaction, the chief executive officer now owns 341,151 shares of the company’s stock, valued at approximately $22,625,134.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Jerry L. Redondo sold 770 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $64.20, for a total value of $49,434.00. Following the completion of the transaction, the vice president now directly owns 63,826 shares of the company’s stock, valued at approximately $4,097,629.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,270 shares of company stock worth $329,295 in the last three months. 8.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DCO. BNP Paribas Financial Markets boosted its stake in Ducommun by 49.7% during the first quarter. BNP Paribas Financial Markets now owns 24,918 shares of the aerospace company’s stock valued at $1,278,000 after buying an additional 8,273 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Ducommun by 9.0% during the first quarter. Janney Montgomery Scott LLC now owns 12,132 shares of the aerospace company’s stock valued at $622,000 after buying an additional 999 shares in the last quarter. Inspire Investing LLC bought a new position in Ducommun during the first quarter valued at about $359,000. Russell Investments Group Ltd. boosted its stake in Ducommun by 8.0% during the first quarter. Russell Investments Group Ltd. now owns 7,839 shares of the aerospace company’s stock valued at $402,000 after buying an additional 584 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new position in Ducommun during the first quarter valued at about $274,000. Institutional investors 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.