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

Ducommun Incorporated (NYSE:DCO)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $117.66 and last traded at $118.0250, with a volume of 3893 shares traded. The stock had previously closed at $115.02.

Wall Street Analysts Forecast Growth

DCO has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Ducommun in a research note on Monday, December 29th. Zacks Research upgraded Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Citigroup boosted their price target on Ducommun from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. The Goldman Sachs Group increased their price objective on Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, B. Riley reissued a “buy” rating on shares of Ducommun in a report on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ducommun has an average rating of “Moderate Buy” and a consensus target price of $113.00.

Ducommun Trading Up 4.6%

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 $1.80 billion, a P/E ratio of -51.31 and a beta of 1.05. The company has a 50-day simple moving average of $100.49 and a 200-day simple moving average of $95.19.

Ducommun (NYSE:DCO) last announced its earnings results on Thursday, November 6th. The aerospace company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The company had revenue of $212.56 million during the quarter, compared to analyst estimates of $211.41 million. Ducommun had a positive return on equity of 7.70% and a negative net margin of 4.29%.The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company posted $0.67 earnings per share. On average, sell-side analysts forecast that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Insider Transactions at Ducommun

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of the stock in a transaction 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Ducommun

Hedge funds have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its stake in 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 acquiring an additional 269 shares during the period. EverSource Wealth Advisors LLC grew its position 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 purchasing an additional 297 shares during the period. Traub Capital Management LLC bought a new stake in Ducommun during the 2nd quarter worth approximately $35,000. Financial Consulate Inc. bought a new stake in Ducommun during the 3rd quarter worth approximately $48,000. Finally, CWM LLC raised its holdings in Ducommun by 27.7% during the 2nd quarter. CWM LLC now owns 687 shares of the aerospace company’s stock worth $57,000 after buying 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.