Ducommun (NYSE:DCO) Price Target Raised to $142.00 at Royal Bank Of Canada

Ducommun (NYSE:DCO) had its price target boosted by Royal Bank Of Canada from $100.00 to $142.00 in a report published on Friday morning, Marketbeat Ratings reports. They currently have an outperform rating on the aerospace company’s stock.

A number of other research firms have also issued reports on DCO. The Goldman Sachs Group boosted their price objective on Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Citigroup lifted their target price on Ducommun from $110.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a report on Wednesday, January 28th. Zacks Research upgraded shares of Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ducommun in a research note on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ducommun has a consensus rating of “Moderate Buy” and an average price target of $123.50.

Ducommun Stock Up 0.3%

DCO opened at $126.55 on Friday. Ducommun has a 12 month low of $51.76 and a 12 month high of $128.17. The company has a market cap of $1.89 billion, a PE ratio of -54.08 and a beta of 1.05. The company has a current ratio of 2.04, a quick ratio of 1.46 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $109.22 and a 200 day moving average of $98.24.

Insiders Place Their Bets

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of Ducommun stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total transaction of $185,720.00. Following the completion of the sale, the vice president directly owned 65,269 shares in the company, valued at $6,060,879.34. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.90% of the stock is owned by corporate insiders.

Institutional Trading of Ducommun

Institutional investors and hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. lifted its holdings in shares of Ducommun by 1,993.3% during the 2nd 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. Loomis Sayles & Co. L P purchased a new stake in Ducommun during the fourth quarter valued at about $26,028,000. Ophir Asset Management Pty Ltd bought a new stake in Ducommun during the second quarter worth about $22,151,000. Brown Advisory Inc. purchased a new position in shares of Ducommun in the 2nd quarter worth about $17,025,000. Finally, Aberdeen Group plc purchased a new position in shares of Ducommun in the 3rd quarter worth about $19,035,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Ducommun Company Profile

Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.

Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.