Ducommun (NYSE:DCO) Sets New 12-Month High – Should You Buy?

Ducommun Incorporated (NYSE:DCO)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $116.00 and last traded at $115.52, with a volume of 9811 shares trading hands. The stock had previously closed at $115.23.

Analyst Ratings Changes

DCO has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price target on Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday. Wall Street Zen lowered shares of Ducommun from a “strong-buy” rating to a “buy” rating in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ducommun in a research report on Monday, December 29th. Citigroup boosted their target price on Ducommun from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Finally, Zacks Research upgraded Ducommun from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $113.00.

Ducommun Price Performance

The stock has a market capitalization of $1.74 billion, a P/E ratio of -49.65 and a beta of 1.07. The business has a fifty day simple moving average of $96.67 and a 200 day simple moving average of $93.63. The company has a current ratio of 2.04, a quick ratio of 1.46 and a debt-to-equity ratio of 0.33.

Ducommun (NYSE:DCO) last announced its earnings results on Thursday, November 6th. The aerospace company reported $0.99 earnings per share (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 analysts’ expectations of $211.41 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. Ducommun’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts expect that Ducommun Incorporated will post 3.21 earnings per share for the current year.

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 dated Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total transaction 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. The trade was a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Ducommun

Hedge funds and other institutional investors have recently modified their holdings of the business. Aberdeen Group plc increased its position in shares of Ducommun by 7.2% during the fourth quarter. Aberdeen Group plc now owns 218,433 shares of the aerospace company’s stock valued at $20,780,000 after acquiring an additional 14,721 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Ducommun by 9.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 42,989 shares of the aerospace company’s stock valued at $4,090,000 after purchasing an additional 3,857 shares during the period. SG Americas Securities LLC increased its position in shares of Ducommun by 248.9% during the 4th quarter. SG Americas Securities LLC now owns 30,799 shares of the aerospace company’s stock valued at $2,930,000 after purchasing an additional 21,972 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Ducommun by 16.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company’s stock worth $72,000 after buying an additional 107 shares during the last quarter. Finally, Tudor Investment Corp ET AL grew its position in Ducommun by 553.2% during the third quarter. Tudor Investment Corp ET AL now owns 26,978 shares of the aerospace company’s stock valued at $2,593,000 after buying an additional 22,848 shares during the period. Hedge funds and other 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.