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

Ducommun Incorporated (NYSE:DCO)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $187.07 and last traded at $184.6870, with a volume of 282417 shares trading hands. The stock had previously closed at $184.42.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DCO. Royal Bank Of Canada boosted their price objective on Ducommun from $150.00 to $155.00 and gave the company an “outperform” rating in a research 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. Citigroup upped their price target on shares of Ducommun from $167.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday. Truist Financial increased their price objective on shares of Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ducommun in a report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Ducommun currently has a consensus rating of “Moderate Buy” and an average price target of $171.80.

Ducommun Stock Performance

The stock’s 50-day moving average price is $153.69 and its 200 day moving average price is $130.98. The firm has a market cap of $2.80 billion, a P/E ratio of -78.70 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.

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

Insider Activity at Ducommun

In other Ducommun news, VP Jerry L. Redondo sold 5,682 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $154.36, for a total value of $877,073.52. Following the completion of the transaction, the vice president directly owned 62,034 shares in the company, valued at $9,575,568.24. This trade represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Rajiv A. Tata sold 1,612 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total value of $233,740.00. Following the transaction, the vice president directly owned 33,171 shares in the company, valued at $4,809,795. This trade represents a 4.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 7,883 shares of company stock valued at $1,200,336. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Ducommun

Several large investors have recently made changes to their positions in the stock. Optiver Holding B.V. acquired a new stake in Ducommun in the first quarter valued at $27,000. EverSource Wealth Advisors LLC increased its stake in shares of Ducommun by 618.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares during the last quarter. State of Wyoming bought a new stake in shares of Ducommun in the 1st quarter valued at about $35,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Ducommun in the 1st quarter valued at about $56,000. Finally, KBC Group NV acquired a new stake in Ducommun in the 1st quarter valued at about $71,000. Institutional investors and hedge funds 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.