Ducommun (NYSE:DCO) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Ducommun Incorporated (NYSE:DCO)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $133.50 and traded as high as $180.52. Ducommun shares last traded at $172.7160, with a volume of 285,786 shares.

Wall Street Analyst Weigh In

Several analysts have issued reports on DCO shares. The Goldman Sachs Group boosted their price target on Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a report on Monday, April 20th. Weiss Ratings downgraded Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. Citigroup lifted their price objective on Ducommun from $167.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Wall Street Zen upgraded Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, B. Riley Financial increased their target price on shares of Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Ducommun presently has a consensus rating of “Moderate Buy” and an average target price of $175.80.

Ducommun Price Performance

The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.59 and a current ratio of 3.67. The company has a market cap of $2.49 billion, a P/E ratio of -69.94 and a beta of 1.03. The firm’s fifty day moving average is $158.09 and its two-hundred day moving average is $134.25.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. Ducommun had a positive return on equity of 8.41% and a negative net margin of 4.11%.The business had revenue of $209.02 million for the quarter, compared to analysts’ expectations of $199.61 million. During the same period last year, the firm earned $0.83 earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, analysts anticipate that Ducommun Incorporated will post 4.07 earnings per share for the current fiscal year.

Insider Activity at Ducommun

In related news, VP Jerry L. Redondo sold 5,682 shares of Ducommun stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $154.36, for a total transaction of $877,073.52. Following the sale, the vice president owned 62,034 shares of the company’s stock, valued at approximately $9,575,568.24. This trade represents a 8.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Laureen S. Gonzalez sold 589 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $151.99, for a total value of $89,522.11. Following the completion of the transaction, the vice president directly owned 11,172 shares in the company, valued at approximately $1,698,032.28. This represents a 5.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 7,883 shares of company stock valued at $1,200,336. 5.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ducommun

Several hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. purchased a new position in Ducommun during the first quarter valued at $27,000. EverSource Wealth Advisors LLC lifted its stake in Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares in the last quarter. State of Wyoming purchased a new stake in Ducommun in the 1st quarter worth $35,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Ducommun during the 1st quarter valued at about $56,000. Finally, KBC Group NV purchased a new position in shares of Ducommun during the first quarter valued at about $71,000. Hedge funds and other institutional investors 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.