Ducommun (NYSE:DCO) Sets New 1-Year High – Should You Buy?

Shares of Ducommun Incorporated (NYSE:DCO) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $169.80 and last traded at $170.00, with a volume of 7732 shares. The stock had previously closed at $165.31.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Royal Bank Of Canada upped their target price on Ducommun from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Citigroup raised their price target on shares of Ducommun from $141.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Wall Street Zen upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Truist Financial increased 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. Finally, B. Riley Financial increased their price objective on shares of Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.00.

Ducommun Price Performance

The company has a quick ratio of 2.59, a current ratio of 3.67 and a debt-to-equity ratio of 0.44. The company has a 50 day simple moving average of $148.67 and a 200-day simple moving average of $127.19. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of -73.11 and a beta of 1.06.

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

Insider Buying and Selling

In other Ducommun news, VP Laureen S. Gonzalez sold 589 shares of Ducommun stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $151.99, for a total value of $89,522.11. Following the completion of the transaction, the vice president owned 11,172 shares of the company’s stock, valued at $1,698,032.28. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jerry L. Redondo sold 5,682 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $154.36, for a total transaction of $877,073.52. Following the sale, the vice president owned 62,034 shares of the company’s stock, valued at approximately $9,575,568.24. The trade was a 8.39% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 7,883 shares of company stock worth $1,200,336 over the last ninety days. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Ducommun

Institutional investors have recently modified their holdings of the business. Optiver Holding B.V. acquired a new stake in Ducommun during the first quarter worth about $27,000. EverSource Wealth Advisors LLC boosted its stake in Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 297 shares during the period. State of Wyoming acquired a new position in Ducommun in the first quarter valued at approximately $35,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Ducommun during the first quarter valued at approximately $56,000. Finally, KBC Group NV bought a new position in shares of Ducommun during the first quarter valued at approximately $71,000. 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.