Ducommun (NYSE:DCO) PT Lowered to $71.00 at Truist Financial

Ducommun (NYSE:DCO) had its price target cut by Truist Financial from $72.00 to $71.00 in a research note released on Friday, Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

DCO has been the topic of several other reports. 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 boosted their price target for the stock from $64.00 to $80.00 in a research report on Tuesday, August 13th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $70.75.

Ducommun Stock Down 2.0 %

Shares of NYSE:DCO opened at $63.50 on Friday. The stock’s 50-day moving average is $64.43 and its 200 day moving average is $60.14. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.06 and a quick ratio of 1.97. The company has a market cap of $934.47 million, a PE ratio of 53.36 and a beta of 1.38. Ducommun has a 1 year low of $45.75 and a 1 year high of $67.04.

Ducommun (NYSE:DCO) last posted its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.83 earnings per share 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 analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. Sell-side analysts anticipate that Ducommun will post 2.93 EPS for the current year.

Insider Buying and Selling

In related news, CEO Stephen G. Oswald sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were 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 directly owns 341,151 shares in the company, valued at $22,625,134.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Stephen G. Oswald sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were 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 directly owns 341,151 shares in the company, valued at $22,625,134.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jerry L. Redondo sold 770 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $64.20, for a total transaction of $49,434.00. Following the completion of the transaction, the vice president now 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 ownership of the stock. 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. Insiders own 8.80% of the company’s stock.

Institutional Investors Weigh In On Ducommun

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its stake in Ducommun by 658.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,927 shares of the aerospace company’s stock valued at $100,000 after buying an additional 1,673 shares during the last quarter. EntryPoint Capital LLC increased its stake in shares of Ducommun by 323.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company’s stock worth $129,000 after purchasing an additional 1,914 shares in the last quarter. Arizona State Retirement System purchased a new stake in shares of Ducommun in the 2nd quarter worth $202,000. SG Americas Securities LLC purchased a new stake in shares of Ducommun in the 3rd quarter worth $213,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Ducommun in the 1st quarter worth $274,000. 92.15% of the stock is currently owned by hedge funds and other 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.