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

Ducommun Incorporated (NYSE:DCO)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $167.88 and last traded at $166.80, with a volume of 170448 shares traded. The stock had previously closed at $164.54.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wall Street Zen raised Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup raised their target price on Ducommun from $141.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. B. Riley Financial raised their target price on Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada raised their target price on Ducommun from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, Truist Financial raised their target price on Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $162.00.

Ducommun Trading Down 1.5%

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 company has a fifty day moving average of $145.48 and a 200-day moving average of $124.08. The firm has a market capitalization of $2.46 billion, a PE ratio of -68.98 and a beta of 1.06.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share (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 business had revenue of $209.02 million during the quarter, compared to analyst estimates of $199.61 million. During the same period last year, the company earned $0.83 earnings per share. Ducommun’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Ducommun Incorporated will post 4.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Laureen S. Gonzalez sold 589 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $151.99, for a total transaction of $89,522.11. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Rajiv A. Tata sold 1,612 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $145.00, for a total value of $233,740.00. Following the transaction, the vice president owned 33,171 shares in the company, valued at approximately $4,809,795. This trade represents a 4.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 7,883 shares of company stock worth $1,200,336. Corporate insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Ducommun

Institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. bought a new position in Ducommun during the first quarter valued at about $27,000. State of Wyoming bought a new position in Ducommun during the first quarter valued at about $35,000. EverSource Wealth Advisors LLC raised its holdings in Ducommun by 618.8% during the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after buying an additional 297 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Ducommun during the first quarter valued at about $56,000. Finally, KBC Group NV bought a new position in Ducommun during the first quarter valued at about $71,000. 92.15% of the stock is currently owned by institutional investors.

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.