Truist Financial Reiterates Buy Rating for Ducommun (NYSE:DCO) (2024)

Truist Financial restated their buy rating on shares of Ducommun (NYSE:DCO - Free Report) in a report issued on Friday, Benzinga reports. They currently have a $72.00 price target on the aerospace company's stock, up from their prior price target of $65.00.

A number of other equities research analysts also recently issued reports on the company. The Goldman Sachs Group upped their price objective on Ducommun from $57.00 to $64.00 and gave the company a neutral rating in a research report on Monday, May 13th. StockNews.com raised shares of Ducommun from a hold rating to a buy rating in a research note on Thursday, May 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $67.00.

View Our Latest Research Report on DCO

Ducommun Stock Performance

DCO remained flat at $61.65 during trading on Friday. 62,903 shares of the company traded hands, compared to its average volume of 84,977. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.88 and a current ratio of 2.99. The company has a market cap of $907.24 million, a P/E ratio of 51.61 and a beta of 1.38. The stock has a 50-day moving average price of $59.41 and a 200-day moving average price of $54.71. Ducommun has a 52 week low of $42.31 and a 52 week high of $65.89.

Ducommun (NYSE:DCO - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The aerospace company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.18. Ducommun had a return on equity of 6.06% and a net margin of 2.29%. The business had revenue of $190.90 million during the quarter, compared to analysts' expectations of $189.20 million. During the same quarter last year, the business posted $0.63 EPS. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts expect that Ducommun will post 2.73 EPS for the current year.

Insider Activity at Ducommun

In other Ducommun news, CEO Stephen G. Oswald sold 2,000 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $58.23, for a total value of $116,460.00. Following the sale, the chief executive officer now owns 347,539 shares in the company, valued at $20,237,195.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 8.80% of the stock is owned by company insiders.

Institutional Trading of Ducommun

Large investors have recently modified their holdings of the company. Bragg Financial Advisors Inc lifted its holdings in shares of Ducommun by 0.3% in the 4th quarter. Bragg Financial Advisors Inc now owns 100,187 shares of the aerospace company's stock worth $5,216,000 after buying an additional 260 shares during the period. Franklin Resources Inc. raised its position in shares of Ducommun by 0.7% in the 4th quarter. Franklin Resources Inc. now owns 68,525 shares of the aerospace company's stock worth $3,567,000 after acquiring an additional 500 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Ducommun by 2.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 24,834 shares of the aerospace company's stock valued at $1,274,000 after purchasing an additional 553 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Ducommun by 8.0% in the first quarter. Russell Investments Group Ltd. now owns 7,839 shares of the aerospace company's stock worth $402,000 after purchasing an additional 584 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Ducommun by 9.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,132 shares of the aerospace company's stock valued at $622,000 after buying an additional 999 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

Ducommun Company Profile

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than Ducommun
• Top Stocks Investing in 5G Technology
• The Cannabis Sector: Profitability Takes Center Stage
• Investing in Travel Stocks Benefits
• Amazon’s Stock Plunge: Is a Prime Buying Opportunity Knocking?
• How to Use High Beta Stocks to Maximize Your Investing Profits
• Buy the Dip in e.l.f. Beauty: Analysts Point to a New High

Should you invest $1,000 in Ducommun right now?

Before you consider Ducommun, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ducommun wasn't on the list.

While Ducommun currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here