Ducommun (NYSE:DCO) Sets New 12-Month High – What’s Next?

Ducommun Incorporated (NYSE:DCO)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $123.99 and last traded at $123.6850, with a volume of 107340 shares changing hands. The stock had previously closed at $121.08.

Analyst Upgrades and Downgrades

DCO has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their target price on shares of Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. B. Riley Financial restated a “buy” rating on shares of Ducommun in a research report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ducommun in a research report on Monday, December 29th. Wall Street Zen raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Zacks Research raised Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ducommun presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.00.

Ducommun Trading Up 1.0%

The company’s 50 day simple moving average is $102.81 and its two-hundred day simple moving average is $96.04. 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 stock has a market cap of $1.83 billion, a price-to-earnings ratio of -52.28 and a beta of 1.05.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Thursday, November 6th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Ducommun had a positive return on equity of 7.70% and a negative net margin of 4.29%.The firm had revenue of $212.56 million during the quarter, compared to analysts’ expectations of $211.41 million. During the same quarter last year, the firm earned $0.67 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. Research analysts expect that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Insider Buying and Selling at Ducommun

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of the business’s stock in a transaction dated 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 $6,060,879.34. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 8.90% of the company’s stock.

Institutional Trading of Ducommun

A number of hedge funds have recently modified their holdings of DCO. Cornerstone Planning Group LLC lifted its position 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 during the period. EverSource Wealth Advisors LLC raised its stake in shares of Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after buying an additional 297 shares in the last quarter. Traub Capital Management LLC bought a new position in shares of Ducommun during the 2nd quarter worth about $35,000. Financial Consulate Inc. bought a new position in shares of Ducommun during the 3rd quarter worth about $48,000. Finally, CWM LLC increased its stake in 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 acquiring an additional 149 shares during the period. 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.