Ducommun (NYSE:DCO) Hits New 12-Month High on Analyst Upgrade

Ducommun Incorporated (NYSE:DCO)’s share price hit a new 52-week high on Monday after Truist Financial raised their price target on the stock from $124.00 to $136.00. Truist Financial currently has a buy rating on the stock. Ducommun traded as high as $131.31 and last traded at $130.1780, with a volume of 42573 shares. The stock had previously closed at $123.59.

Other equities research analysts also recently issued research reports about the company. Zacks Research raised Ducommun from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ducommun in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a report on Wednesday, January 28th. Finally, Royal Bank Of Canada upped their price objective on Ducommun from $100.00 to $142.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $133.75.

Insider Buying and Selling at Ducommun

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Planning Group LLC lifted its stake in shares of Ducommun by 6,725.0% in the third quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock valued at $26,000 after buying an additional 269 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Ducommun by 618.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 297 shares during the last quarter. Traub Capital Management LLC bought a new stake in Ducommun during the 2nd quarter worth approximately $35,000. Financial Consulate Inc. purchased a new stake in shares of Ducommun in the third quarter worth approximately $48,000. Finally, CWM LLC lifted its holdings 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 in the last quarter. 92.15% of the stock is owned by institutional investors.

Ducommun Price Performance

The firm has a market cap of $1.95 billion, a P/E ratio of -56.35 and a beta of 1.03. The company has a fifty day moving average of $112.38 and a 200-day moving average of $99.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.50 and a quick ratio of 2.47.

Ducommun (NYSE:DCO) last posted its earnings results on Thursday, February 26th. The aerospace company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.91 by $0.14. The firm had revenue of $215.80 million for the quarter, compared to analysts’ expectations of $217.42 million. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.47%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 EPS. On average, sell-side analysts anticipate that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

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.