Ducommun (NYSE:DCO – Get Rating) had its target price reduced by stock analysts at Royal Bank of Canada from $62.00 to $60.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an "outperform" rating on the aerospace company's stock. Royal Bank of Canada's price objective would indicate a potential upside of 23.25% from the stock's previous close.
A number of other research firms have also weighed in on DCO. Truist Financial dropped their price target on shares of Ducommun from $60.00 to $58.00 in a research report on Wednesday, October 12th. StockNews.com started coverage on shares of Ducommun in a research report on Wednesday, October 12th. They set a "buy" rating on the stock.
Get Ducommun alerts:Ducommun Stock Up 3.1 %
Ducommun stock opened at $48.68 on Friday. Ducommun has a 1-year low of $38.89 and a 1-year high of $58.18. The firm has a market capitalization of $589.03 million, a price-to-earnings ratio of 4.53 and a beta of 1.31. The firm's fifty day moving average price is $47.30 and its two-hundred day moving average price is $45.39. The company has a current ratio of 2.75, a quick ratio of 1.80 and a debt-to-equity ratio of 0.48.
Ducommun (NYSE:DCO – Get Rating) last released its quarterly earnings results on Monday, November 7th. The aerospace company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.06. Ducommun had a net margin of 19.09% and a return on equity of 7.98%. The company had revenue of $186.59 million for the quarter, compared to analyst estimates of $179.57 million. During the same period last year, the firm earned $0.83 earnings per share. On average, equities research analysts predict that Ducommun will post 3.17 earnings per share for the current fiscal year.Insider Buying and Selling
In related news, CEO Stephen G. Oswald sold 2,000 shares of the firm's stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $50.38, for a total transaction of $100,760.00. Following the completion of the sale, the chief executive officer now owns 270,540 shares in the company, valued at $13,629,805.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Christopher D. Wampler sold 1,500 shares of Ducommun stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $44.18, for a total value of $66,270.00. Following the completion of the transaction, the chief financial officer now owns 21,899 shares in the company, valued at $967,497.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen G. Oswald sold 2,000 shares of Ducommun stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $50.38, for a total transaction of $100,760.00. Following the completion of the transaction, the chief executive officer now owns 270,540 shares of the company's stock, valued at approximately $13,629,805.20. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Ducommun
Several large investors have recently modified their holdings of DCO. Swiss National Bank increased its stake in shares of Ducommun by 9.0% in the first quarter. Swiss National Bank now owns 25,400 shares of the aerospace company's stock worth $1,331,000 after purchasing an additional 2,100 shares in the last quarter. Aaron Wealth Advisors LLC purchased a new position in Ducommun during the first quarter valued at approximately $500,000. William Blair Investment Management LLC grew its stake in Ducommun by 2.2% during the first quarter. William Blair Investment Management LLC now owns 922,135 shares of the aerospace company's stock valued at $48,311,000 after acquiring an additional 19,916 shares in the last quarter. Bragg Financial Advisors Inc grew its stake in Ducommun by 0.7% during the first quarter. Bragg Financial Advisors Inc now owns 79,152 shares of the aerospace company's stock valued at $4,147,000 after acquiring an additional 528 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its stake in Ducommun by 100.7% during the first quarter. First Eagle Investment Management LLC now owns 57,863 shares of the aerospace company's stock valued at $3,031,000 after acquiring an additional 29,038 shares in the last quarter. Hedge funds and other institutional investors own 85.17% of the company's stock.
About Ducommun
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Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace and defense, industrial, medical, and other industries in the United States. It operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; higher-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, 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.
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