Ducommun Incorporated (NYSE:DCO) Stock Has Consensus Price Target of $192.60 According to Brokerages

Shares of Ducommun Incorporated (NYSE:DCO) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $201.50.

Several equities analysts recently weighed in on DCO shares. Royal Bank Of Canada raised their price objective on shares of Ducommun from $175.00 to $200.00 and gave the company a “sector performer” rating in a research report on Friday, August 7th. B. Riley Financial restated a “buy” rating on shares of Ducommun in a report on Friday, August 7th. Guggenheim assumed coverage on Ducommun in a research report on Friday. They issued a “buy” rating and a $246.00 price target for the company. Zacks Research upgraded Ducommun from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Ducommun in a research note on Monday, August 10th.

Ducommun Stock Performance

Shares of NYSE DCO opened at $170.49 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.36 and a quick ratio of 2.38. Ducommun has a one year low of $84.76 and a one year high of $210.39. The business’s 50-day moving average price is $178.94 and its two-hundred day moving average price is $162.26. The company has a market capitalization of $2.57 billion, a P/E ratio of -91.17 and a beta of 1.03.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. The company had revenue of $224.49 million during the quarter, compared to the consensus estimate of $214.32 million. Ducommun had a positive return on equity of 9.20% and a negative net margin of 3.10%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. Analysts anticipate that Ducommun will post 4.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ducommun news, CEO Stephen Oswald sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $203.95, for a total transaction of $509,875.00. Following the completion of the sale, the chief executive officer owned 383,864 shares of the company’s stock, valued at $78,289,062.80. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Ducommun

A number of institutional investors have recently modified their holdings of the company. Allworth Financial LP acquired a new stake in shares of Ducommun in the second quarter worth $26,000. Optiver Holding B.V. acquired a new position in Ducommun in the 1st quarter valued at $27,000. Public Employees Retirement System of Ohio acquired a new position in Ducommun in the 2nd quarter valued at $33,000. State of Wyoming bought a new position in Ducommun in the 1st quarter worth $35,000. Finally, Nykredit A S bought a new position in Ducommun in the 2nd quarter worth $55,000. Institutional investors own 92.15% of the company’s stock.

About Ducommun

Ducommun Incorporated (NYSE:DCO) is a manufacturing company that designs, engineers and produces complex components and assemblies for the aerospace and defense industries. Its products include structural components, electronic and electromechanical systems, wiring and interconnect assemblies, and other specialized parts used in aircraft, spacecraft, missiles and military systems.

The company serves commercial aerospace, defense, space, medical and select industrial markets. Its capabilities include precision machining, forming, composite manufacturing, electronics manufacturing, circuit-card assembly, testing and systems integration.