Ducommun (NYSE:DCO) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Ducommun Incorporated (NYSE:DCO)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $133.50 and traded as high as $180.52. Ducommun shares last traded at $172.7160, with a volume of 285,786 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DCO shares. Royal Bank Of Canada upped their price objective on shares of Ducommun from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Truist Financial raised their price objective on shares of Ducommun from $136.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group upped their target price on Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ducommun in a research note on Wednesday, June 24th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Ducommun presently has an average rating of “Moderate Buy” and an average price target of $171.80.

Ducommun Stock Performance

The firm has a market capitalization of $2.61 billion, a PE ratio of -73.18 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.67 and a quick ratio of 2.59. The firm has a fifty day moving average price of $157.01 and a 200 day moving average price of $133.50.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. The firm had revenue of $209.02 million for the quarter, compared to analysts’ expectations of $199.61 million. Ducommun had a positive return on equity of 8.41% and a negative net margin of 4.11%.Ducommun’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS. Research analysts anticipate that Ducommun Incorporated will post 4.07 earnings per share for the current fiscal year.

Insider Transactions at Ducommun

In related news, VP Rajiv A. Tata sold 1,612 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total value of $233,740.00. Following the completion of the sale, the vice president directly owned 33,171 shares of the company’s stock, valued at approximately $4,809,795. This represents a 4.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Laureen S. Gonzalez sold 589 shares of Ducommun stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $151.99, for a total value of $89,522.11. Following the transaction, the vice president directly owned 11,172 shares in the company, valued at approximately $1,698,032.28. This trade represents a 5.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,883 shares of company stock valued at $1,200,336 over the last ninety days. Corporate insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Aberdeen Group plc lifted its stake in Ducommun by 7.2% in 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. Vanguard Group Inc. increased its position in Ducommun by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock worth $80,134,000 after buying an additional 19,143 shares during the last quarter. SG Americas Securities LLC increased its position in Ducommun by 248.9% during the fourth quarter. SG Americas Securities LLC now owns 30,799 shares of the aerospace company’s stock worth $2,930,000 after buying an additional 21,972 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in shares of Ducommun by 553.2% during the 3rd quarter. Tudor Investment Corp ET AL now owns 26,978 shares of the aerospace company’s stock worth $2,593,000 after buying an additional 22,848 shares during the period. Finally, Meros Investment Management LP grew its position in shares of Ducommun by 4.8% in the fourth quarter. Meros Investment Management LP now owns 174,485 shares of the aerospace company’s stock valued at $16,599,000 after purchasing an additional 7,945 shares during the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

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.