Ducommun (NYSE:DCO) Sets New 1-Year High – Should You Buy?

Ducommun Incorporated (NYSE:DCO) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $167.88 and last traded at $166.80, with a volume of 170448 shares traded. The stock had previously closed at $164.54.

Analyst Ratings Changes

Several analysts recently commented on DCO shares. The Goldman Sachs Group increased their price objective on shares of Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Citigroup lifted their target price on shares of Ducommun from $141.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Truist Financial upped their target price on shares of Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. B. Riley Financial increased their price target on shares of Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen raised shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Ducommun has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

Ducommun Stock Performance

The company has a quick ratio of 2.59, a current ratio of 3.67 and a debt-to-equity ratio of 0.44. The company has a market cap of $2.49 billion, a PE ratio of -70.34 and a beta of 1.06. The business’s fifty day moving average is $144.02 and its 200-day moving average is $123.05.

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

Insider Transactions at Ducommun

In other news, VP Rajiv A. Tata sold 1,612 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total value of $233,740.00. Following the completion of the sale, the vice president directly owned 33,171 shares in the company, valued at $4,809,795. This represents a 4.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Laureen S. Gonzalez sold 589 shares of the firm’s stock in a transaction 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 SEC filing for this sale provides additional information. Insiders sold 7,883 shares of company stock worth $1,200,336 in the last three months. Corporate insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its position in shares of Ducommun by 16.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company’s stock valued at $72,000 after buying an additional 107 shares in the last quarter. Parvin Asset Management LLC increased its holdings in Ducommun by 8.9% in the 1st quarter. Parvin Asset Management LLC now owns 1,340 shares of the aerospace company’s stock worth $163,000 after acquiring an additional 110 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Ducommun by 3.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock worth $311,000 after acquiring an additional 117 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Ducommun by 2.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company’s stock worth $657,000 after acquiring an additional 153 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Ducommun by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,014 shares of the aerospace company’s stock worth $414,000 after acquiring an additional 155 shares during the period. Institutional investors own 92.15% of the company’s stock.

Ducommun Company Profile

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.