Analysts Set Ducommun Incorporated (NYSE:DCO) PT at $97.50

Ducommun Incorporated (NYSE:DCO) has received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $97.50.

A number of analysts have recently issued reports on DCO shares. Royal Bank Of Canada increased their price objective on shares of Ducommun from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Ducommun in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Research raised shares of Ducommun to a “hold” rating in a research note on Monday, August 11th. Finally, Citigroup reissued a “buy” rating and issued a $101.00 price objective (up from $91.00) on shares of Ducommun in a research note on Monday, July 14th.

Hedge Funds Weigh In On Ducommun

A number of hedge funds and other institutional investors have recently modified their holdings of DCO. Alliancebernstein L.P. boosted its position in shares of Ducommun by 1,993.3% during the second quarter. Alliancebernstein L.P. now owns 302,969 shares of the aerospace company’s stock worth $25,034,000 after acquiring an additional 288,496 shares during the last quarter. Ophir Asset Management Pty Ltd bought a new position in shares of Ducommun during the second quarter worth $22,151,000. Brown Advisory Inc. bought a new position in shares of Ducommun during the second quarter worth $17,025,000. Nuveen LLC bought a new position in shares of Ducommun during the first quarter worth $5,097,000. Finally, LPL Financial LLC bought a new position in shares of Ducommun during the first quarter worth $5,052,000. Institutional investors own 92.15% of the company’s stock.

Ducommun Stock Performance

DCO opened at $93.61 on Wednesday. The company has a 50 day simple moving average of $93.52 and a two-hundred day simple moving average of $82.14. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.24 and a quick ratio of 2.17. The firm has a market cap of $1.40 billion, a P/E ratio of 35.59 and a beta of 1.38. Ducommun has a 1-year low of $51.76 and a 1-year high of $101.47.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. The firm had revenue of $202.26 million during the quarter, compared to analysts’ expectations of $199.29 million. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 earnings per share. Equities analysts forecast that Ducommun will post 3.21 earnings per share for the current fiscal year.

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.