Ducommun (NYSE:DCO) Sets New 12-Month High – Here’s Why

Ducommun Incorporated (NYSE:DCO)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $111.57 and last traded at $110.0550, with a volume of 9669 shares trading hands. The stock had previously closed at $109.25.

Analyst Ratings Changes

DCO has been the topic of several recent research reports. Wall Street Zen downgraded Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Ducommun in a report on Monday, December 29th. Citigroup reiterated a “buy” rating on shares of Ducommun in a report on Tuesday. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $99.75.

Ducommun Price Performance

The company’s fifty day moving average is $93.88 and its two-hundred day moving average is $92.27. 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 firm has a market cap of $1.65 billion, a price-to-earnings ratio of -47.06 and a beta of 1.07.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Thursday, November 6th. The aerospace company reported $0.99 EPS for the quarter, beating the consensus estimate 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 company had revenue of $212.56 million for the quarter, compared to analyst estimates of $211.41 million. During the same period last year, the company posted $0.67 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. Equities research analysts forecast that Ducommun Incorporated will post 3.21 EPS for the current year.

Insider Buying and Selling

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of the company’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 transaction, the vice president owned 65,269 shares in the company, valued at $6,060,879.34. This represents a 2.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC grew its holdings in Ducommun by 14.5% during the 1st quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company’s stock valued at $4,844,000 after purchasing an additional 10,574 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Ducommun by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock valued at $467,000 after buying an additional 319 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Ducommun by 4.7% during the first quarter. Rhumbline Advisers now owns 23,912 shares of the aerospace company’s stock valued at $1,388,000 after acquiring an additional 1,081 shares in the last quarter. Oliver Luxxe Assets LLC grew its stake in shares of Ducommun by 0.9% during the second quarter. Oliver Luxxe Assets LLC now owns 31,489 shares of the aerospace company’s stock valued at $2,602,000 after acquiring an additional 267 shares in the last quarter. Finally, KLP Kapitalforvaltning AS increased its position in shares of Ducommun by 26.1% during the second quarter. KLP Kapitalforvaltning AS now owns 2,900 shares of the aerospace company’s stock worth $240,000 after acquiring an additional 600 shares during the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

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.