Truist Financial Reiterates Buy Rating for Ducommun (NYSE:DCO)

Ducommun (NYSE:DCO)‘s stock had its “buy” rating restated by stock analysts at Truist Financial in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $72.00 price target on the aerospace company’s stock, up from their previous price target of $65.00. Truist Financial’s price objective suggests a potential upside of 15.94% from the stock’s previous close.

Several other brokerages have also issued reports on DCO. StockNews.com upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. The Goldman Sachs Group boosted their price objective on shares of Ducommun from $57.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.00.

Ducommun Stock Performance

Shares of DCO stock traded up $0.45 on Friday, reaching $62.10. The stock had a trading volume of 1,124 shares, compared to its average volume of 84,573. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.88 and a current ratio of 2.99. Ducommun has a 1 year low of $42.31 and a 1 year high of $65.89. The stock has a market cap of $913.86 million, a P/E ratio of 52.18 and a beta of 1.38. The company has a 50 day simple moving average of $59.33 and a 200 day simple moving average of $54.66.

Ducommun (NYSE:DCO) last announced its earnings results on Wednesday, May 8th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.18. Ducommun had a return on equity of 6.06% and a net margin of 2.29%. The business had revenue of $190.90 million for the quarter, compared to analysts’ expectations of $189.20 million. During the same period last year, the firm posted $0.63 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts expect that Ducommun will post 2.73 EPS for the current year.

Insider Buying and Selling

In other Ducommun news, CEO Stephen G. Oswald sold 2,000 shares of Ducommun stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $58.23, for a total transaction of $116,460.00. Following the transaction, the chief executive officer now owns 347,539 shares of the company’s stock, valued at $20,237,195.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ducommun

Institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its position in shares of Ducommun by 658.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,927 shares of the aerospace company’s stock worth $100,000 after purchasing an additional 1,673 shares in the last quarter. EntryPoint Capital LLC raised its position in shares of Ducommun by 323.9% during the first quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company’s stock valued at $129,000 after buying an additional 1,914 shares during the last quarter. Arizona State Retirement System bought a new stake in shares of Ducommun during the second quarter valued at approximately $202,000. State Board of Administration of Florida Retirement System purchased a new position in shares of Ducommun in the first quarter worth $274,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Ducommun during the first quarter worth $295,000. 92.15% of the stock is owned by institutional investors.

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.