Ducommun (NYSE:DCO) Hits New 1-Year High – Here’s Why

Ducommun Incorporated (NYSE:DCO) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $143.41 and last traded at $141.1150, with a volume of 27354 shares. The stock had previously closed at $141.48.

Analysts Set New Price Targets

DCO has been the subject of several research analyst reports. Citigroup cut their price objective on Ducommun from $143.00 to $141.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a research report on Wednesday, January 28th. Royal Bank Of Canada lifted their price target on shares of Ducommun from $142.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ducommun in a research note on Monday, December 29th. Finally, Wall Street Zen raised Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Ducommun has an average rating of “Moderate Buy” and a consensus price target of $144.50.

Ducommun Trading Up 4.7%

The firm has a market cap of $2.15 billion, a price-to-earnings ratio of -61.98 and a beta of 1.00. The company has a quick ratio of 2.47, a current ratio of 3.50 and a debt-to-equity ratio of 0.45. The business’s fifty day moving average is $129.67 and its two-hundred day moving average is $109.89.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, February 26th. The aerospace company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.14. Ducommun had a positive return on equity of 8.47% and a negative net margin of 4.11%.The firm had revenue of $215.80 million during the quarter, compared to analysts’ expectations of $217.42 million. During the same period in the previous year, the business posted $0.75 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities analysts anticipate that Ducommun Incorporated will post 4.1 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Richard A. Baldridge sold 10,440 shares of Ducommun stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the completion of the sale, the director directly owned 20,100 shares of the company’s stock, valued at $2,629,683. The trade was a 34.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DCO. Pictet Asset Management Holding SA bought a new position in Ducommun during the first quarter worth about $313,000. Focused Wealth Management Inc bought a new position in shares of Ducommun during the 1st quarter valued at about $211,000. SG Americas Securities LLC lifted its holdings in shares of Ducommun by 95.9% during the 1st quarter. SG Americas Securities LLC now owns 60,333 shares of the aerospace company’s stock valued at $7,361,000 after purchasing an additional 29,534 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Ducommun by 84.5% in the 4th quarter. Hsbc Holdings PLC now owns 5,822 shares of the aerospace company’s stock valued at $553,000 after purchasing an additional 2,667 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Ducommun during the 4th quarter worth approximately $628,000. 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.