Ducommun (NYSE:DCO) Hits New 1-Year High – Here’s Why

Ducommun Incorporated (NYSE:DCO) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $125.79 and last traded at $124.45, with a volume of 2658 shares changing hands. The stock had previously closed at $123.96.

Analysts Set New Price Targets

Several brokerages have recently commented on DCO. Zacks Research raised Ducommun from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. The Goldman Sachs Group lifted their target price on shares of Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Wall Street Zen downgraded shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Sunday. B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a research report on Wednesday, January 28th. Finally, Citigroup increased 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. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $113.00.

Ducommun Stock Up 1.2%

The business’s 50 day simple moving average is $106.65 and its 200-day simple moving average is $97.37. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.46 and a current ratio of 2.04. The company has a market cap of $1.88 billion, a price-to-earnings ratio of -53.63 and a beta of 1.05.

Insider Buying and Selling at Ducommun

In related news, VP Jerry L. Redondo sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $92.86, for a total value of $185,720.00. Following the completion of the sale, the vice president owned 65,269 shares of the company’s stock, valued at approximately $6,060,879.34. The trade was a 2.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 8.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Cornerstone Planning Group LLC boosted its holdings in Ducommun by 6,725.0% in the third quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 269 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares during the last quarter. Traub Capital Management LLC bought a new stake in Ducommun during the second quarter worth approximately $35,000. Financial Consulate Inc. acquired a new position in Ducommun during the third quarter valued at approximately $48,000. Finally, CWM LLC raised its position in shares of Ducommun by 27.7% in the second quarter. CWM LLC now owns 687 shares of the aerospace company’s stock valued at $57,000 after purchasing an additional 149 shares during the period. Institutional investors own 92.15% of the company’s stock.

About Ducommun

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.