Ducommun (NYSE:DCO) Shares Break Above 200-Day Moving Average – Time to Sell?

Ducommun Incorporated (NYSE:DCO) shares crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $161.22 and traded as high as $176.39. Ducommun shares last traded at $173.15, with a volume of 179,084 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DCO shares. Zacks Research upgraded shares of Ducommun from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Wall Street Zen raised shares of Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a research report on Friday, August 7th. Weiss Ratings cut Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 18th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Ducommun in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ducommun presently has an average rating of “Moderate Buy” and an average target price of $192.60.

Ducommun Stock Down 5.6%

The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39. The business has a 50-day simple moving average of $179.50 and a 200-day simple moving average of $161.58. The company has a market cap of $2.50 billion, a PE ratio of -88.55 and a beta of 1.03.

Ducommun (NYSE:DCO) last posted its quarterly earnings data on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.20. Ducommun had a positive return on equity of 9.20% and a negative net margin of 3.10%.The business had revenue of $224.49 million during the quarter, compared to analysts’ expectations of $214.32 million. During the same period in the previous year, the business earned $0.88 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. Equities research analysts anticipate that Ducommun Incorporated will post 4.26 EPS for the current year.

Insiders Place Their Bets

In other Ducommun news, CEO Stephen Oswald sold 5,766 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $201.15, for a total transaction of $1,159,830.90. Following the transaction, the chief executive officer directly owned 385,875 shares of the company’s stock, valued at $77,618,756.25. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DCO. Meros Investment Management LP lifted its holdings in Ducommun by 4.8% in the 4th quarter. Meros Investment Management LP now owns 174,485 shares of the aerospace company’s stock valued at $16,599,000 after purchasing an additional 7,945 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of Ducommun during the second quarter worth $3,350,000. Hsbc Holdings PLC raised its position in shares of Ducommun by 124.9% in the first quarter. Hsbc Holdings PLC now owns 13,091 shares of the aerospace company’s stock valued at $1,569,000 after buying an additional 7,269 shares during the last quarter. Calamos Advisors LLC purchased a new position in shares of Ducommun in the first quarter worth about $960,000. Finally, Paradigm Capital Management Inc. NY purchased a new position in shares of Ducommun in the second quarter worth about $142,704,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

About Ducommun

Ducommun Incorporated (NYSE:DCO) is a manufacturing company that designs, engineers and produces complex components and assemblies for the aerospace and defense industries. Its products include structural components, electronic and electromechanical systems, wiring and interconnect assemblies, and other specialized parts used in aircraft, spacecraft, missiles and military systems.

The company serves commercial aerospace, defense, space, medical and select industrial markets. Its capabilities include precision machining, forming, composite manufacturing, electronics manufacturing, circuit-card assembly, testing and systems integration.