Truist Securities reiterates Buy rating on Ducommun stock amid commercial destocking

Published 15/08/2025, 16:52
Truist Securities reiterates Buy rating on Ducommun stock amid commercial destocking

Investing.com - Truist Securities maintained its Buy rating and $107.00 price target on Ducommun Incorporated (NYSE:DCO) on Friday, despite acknowledging that commercial aerospace destocking will continue into 2026. The stock, currently trading near its 52-week high of $94.00, has shown impressive momentum with a 46% gain over the past six months.

The research firm views Ducommun as an "attractive undervalued asset" in the aerospace and defense sector, citing defense tailwinds, strong execution, and restructuring benefits that should help maintain approximately 16% EBITDA margins. InvestingPro data shows the company maintains strong financial health with a current ratio of 3.24, indicating robust liquidity management.

Truist’s sum-of-the-parts (SOTP) analysis indicates a potential value of $122 per share, representing 32% upside from current levels, which the firm believes "further validates the undervalued/underappreciated nature" of the stock. According to InvestingPro, analysts maintain a strong buy consensus with price targets ranging from $100 to $110 per share. Unlock 12 additional InvestingPro Tips and comprehensive analysis with an InvestingPro subscription.

The firm notes that management is continuing to shift the portfolio toward higher-margin engineered products, a strategic initiative that factors into its positive outlook.

Ducommun, a manufacturer of components for the aerospace, defense, and industrial markets, continues to navigate the commercial aerospace sector’s inventory challenges while leveraging its defense business strengths.

In other recent news, Ducommun Incorporated reported its second-quarter 2025 earnings, which surpassed analyst expectations. The company achieved an adjusted earnings per share (EPS) of $0.88, exceeding the forecasted $0.82. Additionally, Ducommun’s revenue reached $202.3 million, surpassing the anticipated $198.97 million. The company also reported adjusted EBITDA margins of 16% during the quarter. Following these results, RBC Capital raised its price target for Ducommun to $100.00, up from $95.00, while maintaining an Outperform rating. This adjustment reflects the company’s growth in the defense sector. Despite these positive developments, the stock showed minimal movement in pre-market trading. These recent updates highlight Ducommun’s performance in the aerospace and defense industry.

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