Truist Financial Raises Ducommun (NYSE:DCO) Price Target to $82.00

Ducommun (NYSE:DCO) had its target price hoisted by equities research analysts at Truist Financial from $80.00 to $82.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Truist Financial’s price target indicates a potential upside of 20.25% from the company’s current price.

Other research analysts have also recently issued research reports about the company. StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada started coverage on shares of Ducommun in a research report on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 target price for the company. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $76.50.

Ducommun Stock Performance

Shares of NYSE DCO opened at $68.19 on Tuesday. Ducommun has a 12-month low of $47.53 and a 12-month high of $70.50. The company has a market cap of $1.01 billion, a PE ratio of 34.27 and a beta of 1.42. The stock has a 50 day simple moving average of $64.84 and a 200-day simple moving average of $63.48. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37.

Insider Transactions at Ducommun

In related news, Director Robert C. Ducommun sold 1,000 shares of Ducommun stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $69.50, for a total transaction of $69,500.00. Following the transaction, the director now directly owns 409,900 shares of the company’s stock, valued at $28,488,050. The trade was a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.80% of the company’s stock.

Hedge Funds Weigh In On Ducommun

Several large investors have recently made changes to their positions in DCO. RDST Capital LLC lifted its stake in Ducommun by 16.8% during the second quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock valued at $31,369,000 after purchasing an additional 77,595 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Ducommun by 0.5% in the third quarter. Geode Capital Management LLC now owns 310,704 shares of the aerospace company’s stock valued at $20,458,000 after buying an additional 1,610 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of Ducommun by 2.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 223,979 shares of the aerospace company’s stock valued at $13,004,000 after acquiring an additional 4,500 shares during the last quarter. Meros Investment Management LP lifted its position in shares of Ducommun by 1.4% during the 2nd quarter. Meros Investment Management LP now owns 206,449 shares of the aerospace company’s stock valued at $11,986,000 after acquiring an additional 2,880 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of Ducommun during the 3rd quarter worth $8,990,000. Institutional investors own 92.15% of the company’s stock.

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.