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

Ducommun Incorporated (NYSE:DCO) shares passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $158.41 and traded as high as $170.74. Ducommun shares last traded at $166.8970, with a volume of 255,455 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DCO shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Ducommun in a report on Monday, August 10th. Wall Street Zen raised Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Truist Financial raised their target price on Ducommun from $150.00 to $209.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Citigroup reiterated a “buy” rating on shares of Ducommun in a report on Wednesday, August 12th. Finally, Royal Bank Of Canada upped their price objective on shares of Ducommun from $175.00 to $200.00 and gave the company a “sector performer” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $192.60.

Ducommun Stock Up 1.4%

The business’s 50 day moving average price is $179.75 and its 200-day moving average price is $158.71. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.38 and a current ratio of 3.36. The firm has a market capitalization of $2.64 billion, a PE ratio of -93.52 and a beta of 1.04.

Ducommun (NYSE:DCO) last posted its earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The firm had revenue of $224.49 million during the quarter, compared to the consensus estimate of $214.32 million. During the same quarter last year, the firm earned $0.88 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts forecast that Ducommun Incorporated will post 4.26 earnings per share for the current year.

Insider Transactions at Ducommun

In related news, CEO Stephen Oswald sold 5,766 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $201.15, for a total transaction of $1,159,830.90. Following the completion of the transaction, the chief executive officer directly owned 385,875 shares in the company, valued at $77,618,756.25. This trade represents a 1.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.00% of the company’s stock.

Institutional Trading of Ducommun

A number of institutional investors and hedge funds have recently bought and sold shares of DCO. BlackRock Inc. purchased a new position in shares of Ducommun in the second quarter valued at approximately $359,395,000. Paradigm Capital Management Inc. NY acquired a new position in shares of Ducommun in the second quarter valued at approximately $142,704,000. Van ECK Associates Corp increased its stake in Ducommun by 68.4% during the 2nd quarter. Van ECK Associates Corp now owns 427,603 shares of the aerospace company’s stock worth $79,196,000 after buying an additional 173,616 shares during the period. Moore Capital Management LP purchased a new stake in Ducommun during the 2nd quarter worth approximately $44,236,000. Finally, Deutsche Bank AG acquired a new stake in Ducommun during the 2nd quarter worth approximately $41,095,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Ducommun Company Profile

Ducommun Incorporated is a diversified manufacturing company that provides engineered products and production services primarily for the aerospace and defense industries. The company supplies components and assemblies used in commercial aircraft, military platforms, space systems and other specialized applications.

Ducommun’s Electronic Systems business produces electronic and electromechanical assemblies, interconnect systems, high-reliability components, RF and microwave products, and other systems used in avionics, communications, radar and defense applications.