Ducommun (NYSE:DCO) Sets New 12-Month High – Time to Buy?

Ducommun Incorporated (NYSE:DCO) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $78.50 and last traded at $78.09, with a volume of 8202 shares trading hands. The stock had previously closed at $77.65.

Analyst Ratings Changes

Several research firms have recently commented on DCO. Wall Street Zen raised Ducommun from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 7th. B. Riley reaffirmed a “buy” rating on shares of Ducommun in a research note on Wednesday, May 7th. Finally, Truist Financial boosted their price objective on Ducommun from $76.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Ducommun currently has an average rating of “Buy” and a consensus price target of $79.67.

Ducommun Stock Up 3.1%

The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 40.30 and a beta of 1.33. The firm has a fifty day moving average price of $64.55 and a 200 day moving average price of $63.32.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.20. The business had revenue of $194.11 million for the quarter, compared to analyst estimates of $192.30 million. Ducommun had a return on equity of 7.40% and a net margin of 3.82%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.70 earnings per share. Sell-side analysts anticipate that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC boosted its holdings in Ducommun by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 386 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of Ducommun by 833.3% in the fourth quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company’s stock valued at $46,000 after acquiring an additional 650 shares during the last quarter. Virtus Fund Advisers LLC acquired a new position in Ducommun during the fourth quarter valued at approximately $78,000. US Bancorp DE grew its stake in Ducommun by 49.9% in the fourth quarter. US Bancorp DE now owns 1,327 shares of the aerospace company’s stock valued at $84,000 after purchasing an additional 442 shares in the last quarter. Finally, Central Pacific Bank Trust Division grew its stake in shares of Ducommun by 200.0% in the first quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company’s stock valued at $87,000 after buying an additional 1,000 shares in the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

About Ducommun

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.