Ducommun (NYSE:DCO) Stock Price Expected to Rise, Truist Financial Analyst Says

Ducommun (NYSE:DCO) had its target price raised by Truist Financial from $71.00 to $80.00 in a research report sent to investors on Friday morning,Benzinga reports. Truist Financial currently has a buy rating on the aerospace company’s stock.

A number of other research firms also recently weighed in on DCO. StockNews.com raised Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. The Goldman Sachs Group upgraded Ducommun from a “neutral” rating to a “buy” rating and raised their price objective for the company from $64.00 to $80.00 in a report on Tuesday, August 13th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $73.00.

Ducommun Price Performance

Shares of DCO opened at $69.00 on Friday. Ducommun has a 52-week low of $47.27 and a 52-week high of $70.04. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.97 and a current ratio of 3.06. The stock has a 50 day simple moving average of $63.84 and a 200 day simple moving average of $61.00. The firm has a market capitalization of $1.02 billion, a PE ratio of 34.67 and a beta of 1.39.

Insider Buying and Selling

In other news, CEO Stephen G. Oswald sold 1,200 shares of the firm’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 transaction of $79,584.00. Following the transaction, the chief executive officer now directly owns 341,151 shares of the company’s stock, valued at approximately $22,625,134.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Ducommun news, CEO Stephen G. Oswald sold 1,200 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $66.32, for a total transaction of $79,584.00. Following the completion of the sale, the chief executive officer now directly owns 341,151 shares in the company, valued at $22,625,134.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jerry L. Redondo sold 770 shares of Ducommun stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $64.20, for a total value of $49,434.00. Following the completion of the transaction, the vice president now owns 63,826 shares in the company, valued at approximately $4,097,629.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 8.80% of the stock is owned by insiders.

Institutional Trading of Ducommun

Several hedge funds and other institutional investors have recently made changes to their positions in DCO. Eastern Bank bought a new stake in Ducommun during the 3rd quarter worth approximately $118,000. EntryPoint Capital LLC increased its holdings in Ducommun by 323.9% in the first quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company’s stock valued at $129,000 after purchasing an additional 1,914 shares during the period. SG Americas Securities LLC bought a new position in Ducommun during the 3rd quarter worth $213,000. Arizona State Retirement System acquired a new position in Ducommun during the 2nd quarter worth about $202,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of Ducommun in the 1st quarter valued at about $274,000. 92.15% of the stock is currently owned by institutional investors.

Ducommun Company Profile

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.