Ducommun

DCO · NYSE

$166.44−$3.53 (−2.08%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $169.97

DCO analyst rating

BuyConsensus of 5 analysts over the last 12 months. 80% rate it a buy.

Strong buy0
Buy4
Hold1
Underperform0
Sell0

12-month price target · 7 analysts

Average $215.69 (+29.6% upside)

Low: $202.00
Now: $166.44
High: $239.40

Upgrades and downgrades

The latest rating actions, newest first

DCO analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Guggenheim	Oct 9, 2026	Initiates	Buy	$246.00	71%
Truist Securities	Aug 13, 2026	Maintains	Buy	$150.00 → $209.00	71%
RBC Capital	Aug 7, 2026	Maintains	Sector Perform → Sector Performer	$175.00 → $200.00	59%
RBC Capital	Jul 9, 2026	Downgrade	Outperform → Sector Perform	$155.00 → $175.00	59%
Citigroup	Jul 1, 2026	Maintains	Buy	$167.00 → $216.00	27%
Truist Securities	May 26, 2026	Maintains	Buy	$136.00 → $150.00	71%
Citigroup	May 18, 2026	Maintains	Buy	$141.00 → $167.00	27%
B. Riley Securities	May 13, 2026	Maintains	Buy	$155.00 → $187.00	61%
RBC Capital	May 13, 2026	Maintains	Outperform	$150.00 → $155.00	59%
Goldman Sachs	Apr 20, 2026	Maintains	Buy	$134.00 → $151.00	56%

The case for and against

Updated Oct 17, 2026

Bull case

Ducommun is positioned for a favorable rerating because its Tier 1 role in aerospace and defense, combined with a roughly 60/40 Defense/Commercial Aerospace mix, supports durable demand and better visibility. Its margin profile is improving as Vision 2032 targets 600 bps of expansion after Vision 2027 added 470 bps, while Engineered Products grew to about 25% of revenue from 9% in 2017 and should lift mix and profitability. Strong missile growth, rising commercial aerospace production, and M&A up to $500M create multiple organic and inorganic growth levers, reinforced by 2Q26 revenue growth of 12%, 28% gross margins, and record backlog.

Bear case

Ducommun is viewed negatively because its revenue is highly concentrated, with BA and RTX representing 13% and 18% of 2025 revenue and the top ten customers contributing 61%, leaving results exposed to program-specific disruptions. Boeing’s ongoing FAA quality-control scrutiny and the pace of the 737 MAX production ramp, along with defense funding uncertainty, outsourcing trends, and commercial aerospace inventory work-downs, create material visibility risk across both segments. Although long-term debt fell to $276M by July 2026 after the November 2025 refinancing, the disclosed material weakness, restatement-related risk factors, and $5M executive-comp clawback underscore governance concerns that can pressure valuation.

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