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

Ducommun Incorporated (NYSE:DCO) shares hit a new 52-week high 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.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DCO. B. Riley Financial lifted their target price on Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Citigroup raised their price objective on Ducommun from $141.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, May 18th. The Goldman Sachs Group lifted their price objective on Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Royal Bank Of Canada lifted their price objective on Ducommun from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, Truist Financial increased their target price 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. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

Ducommun Trading Up 4.2%

The business’s 50-day moving average is $148.67 and its two-hundred day moving average is $127.19. The company has a current ratio of 3.67, a quick ratio of 2.59 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $2.60 billion, a PE ratio of -73.11 and a beta of 1.06.

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

Insider Activity at Ducommun

In other Ducommun news, VP Laureen S. Gonzalez sold 589 shares of the stock in a transaction that occurred 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 sale, the vice president owned 11,172 shares of the company’s stock, valued at $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 available through the SEC website. Also, VP Rajiv A. Tata sold 1,612 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $145.00, for a total transaction of $233,740.00. Following the completion of the sale, the vice president directly owned 33,171 shares of the company’s stock, 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. In the last ninety days, insiders have sold 7,883 shares of company stock worth $1,200,336. 5.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ducommun

A number of large investors have recently added to or reduced their stakes in the company. Thornburg Investment Management Inc. purchased a new position in Ducommun in the 3rd quarter valued at about $12,953,000. Aberdeen Group plc increased its position in shares of Ducommun by 7.2% during the fourth quarter. Aberdeen Group plc now owns 218,433 shares of the aerospace company’s stock worth $20,780,000 after acquiring an additional 14,721 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Ducommun by 248.9% during the fourth quarter. SG Americas Securities LLC now owns 30,799 shares of the aerospace company’s stock worth $2,930,000 after acquiring an additional 21,972 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Ducommun by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock worth $80,134,000 after acquiring an additional 19,143 shares in the last quarter. Finally, Teton Advisors LLC acquired a new position in shares of Ducommun in the third quarter worth about $4,422,000. 92.15% of the stock is owned by institutional investors and hedge funds.

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.