Ducommun (NYSE:DCO) Reaches New 12-Month High – What’s Next?

Ducommun Incorporated (NYSE:DCO)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $111.57 and last traded at $110.0550, with a volume of 9669 shares changing hands. The stock had previously closed at $109.25.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wall Street Zen downgraded Ducommun from a “strong-buy” rating to a “buy” rating in a report on Monday, November 10th. Zacks Research upgraded Ducommun from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Citigroup upped their price objective on shares of Ducommun from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Ducommun in a research report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $103.50.

Ducommun Price Performance

The company’s 50-day simple moving average is $95.13 and its 200 day simple moving average is $92.71. The company has a market capitalization of $1.70 billion, a P/E ratio of -48.68 and a beta of 1.07. The company has a quick ratio of 1.46, a current ratio of 2.04 and a debt-to-equity ratio of 0.33.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Thursday, November 6th. The aerospace company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $212.56 million for the quarter, compared to analyst estimates of $211.41 million. Ducommun had a positive return on equity of 7.70% and a negative net margin of 4.29%.The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 EPS. As a group, sell-side analysts expect that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

Insider Transactions at Ducommun

In other news, VP Jerry L. Redondo sold 2,000 shares of Ducommun stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $92.86, for a total transaction of $185,720.00. Following the sale, the vice president owned 65,269 shares of the company’s stock, valued at approximately $6,060,879.34. This trade represents a 2.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ducommun

A number of institutional investors have recently bought and sold shares of DCO. AQR Capital Management LLC raised its stake in shares of Ducommun by 14.5% in the 1st quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company’s stock valued at $4,844,000 after buying an additional 10,574 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ducommun by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock valued at $467,000 after acquiring an additional 319 shares during the period. Rhumbline Advisers lifted its stake in Ducommun by 4.7% during the first quarter. Rhumbline Advisers now owns 23,912 shares of the aerospace company’s stock worth $1,388,000 after purchasing an additional 1,081 shares during the period. Oliver Luxxe Assets LLC lifted its stake in Ducommun by 0.9% during the second quarter. Oliver Luxxe Assets LLC now owns 31,489 shares of the aerospace company’s stock worth $2,602,000 after purchasing an additional 267 shares during the period. Finally, KLP Kapitalforvaltning AS boosted its holdings in Ducommun by 26.1% during the second quarter. KLP Kapitalforvaltning AS now owns 2,900 shares of the aerospace company’s stock valued at $240,000 after purchasing an additional 600 shares in the last quarter. 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.