Ducommun (NYSE:DCO) Share Price Breaks Above Two Hundred Day Moving Average – What’s Next?

Ducommun Incorporated (NYSE:DCO)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $165.12 and traded as high as $170.54. Ducommun shares last traded at $168.2730, with a volume of 135,315 shares.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DCO shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Ducommun in a report on Monday, August 10th. Royal Bank Of Canada increased their price objective on shares of Ducommun from $175.00 to $200.00 and gave the stock a “sector performer” rating in a research note on Friday, August 7th. Guggenheim began coverage on shares of Ducommun in a report on Friday, October 9th. They set a “buy” rating and a $246.00 target price for the company. Citigroup reissued a “buy” rating on shares of Ducommun in a report on Wednesday, August 12th. Finally, Wall Street Zen raised shares of Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $201.50.

Ducommun Trading Down 1.8%

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 company’s 50-day moving average is $174.03 and its 200 day moving average is $165.35. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -84.05 and a beta of 1.03.

Ducommun (NYSE:DCO) last posted its earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.20. The business had revenue of $224.49 million for the quarter, compared to analyst estimates of $214.32 million. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 EPS. Research analysts predict that Ducommun Incorporated will post 4.26 EPS for the current year.

Insider Transactions at Ducommun

In other news, CEO Stephen Oswald sold 5,766 shares of Ducommun stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $201.15, for a total value of $1,159,830.90. Following the sale, the chief executive officer owned 385,875 shares in the company, valued at $77,618,756.25. This trade represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ducommun

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Ducommun in the 2nd quarter valued at $359,395,000. Paradigm Capital Management Inc. NY acquired a new position in Ducommun during the second quarter worth about $142,704,000. Moore Capital Management LP acquired a new position in Ducommun during the second quarter worth about $44,236,000. Deutsche Bank AG purchased a new stake in Ducommun during the 2nd quarter valued at about $41,095,000. Finally, Van ECK Associates Corp raised its holdings in Ducommun by 68.4% in the 2nd quarter. Van ECK Associates Corp now owns 427,603 shares of the aerospace company’s stock valued at $79,196,000 after acquiring an additional 173,616 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Company Profile

Ducommun Incorporated (NYSE: DCO) is a manufacturer of engineered components, assemblies and systems for the aerospace, defense and space industries. The company supplies products used in commercial aircraft, military platforms, launch vehicles, satellites and other mission-critical applications.

Its offerings include structural components and assemblies, precision-machined parts, composite structures, electronic and electromechanical systems, circuit-card assemblies, wire harnesses and other specialized products.