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

Key Points

• Ducommun hit a new 52-week high of $147.90, last trading around $145 with modest volume, and is trading well above its 50- and 200-day moving averages ($131.63 and $112.04).
• Several analysts have raised price targets to about $150–151 and MarketBeat shows a consensus Moderate Buy with an average target of $144.50; the company also reported an earnings beat (EPS $1.05 vs. $0.91) and 9.4% revenue growth year-over-year.
• Insider activity includes Director Richard Baldridge selling 10,440 shares at about $130.83, insiders own 5% of the company while institutional investors control roughly 92% of the stock.

Ducommun Incorporated (NYSE:DCO - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $147.90 and last traded at $144.9770, with a volume of 6060 shares traded. The stock had previously closed at $142.56.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of Ducommun from $142.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, March 13th. The Goldman Sachs Group increased their price objective on shares of Ducommun from $134.00 to $151.00 and gave the stock a "buy" rating in a research note on Monday, April 20th. B. Riley Financial reiterated a "buy" rating on shares of Ducommun in a research report on Wednesday, January 28th. Truist Financial upgraded shares of Ducommun to a "strong-buy" rating in a research report on Friday, May 1st. Finally, Citigroup cut their price objective on shares of Ducommun from $143.00 to $141.00 and set a "buy" rating on the stock in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Ducommun has a consensus rating of "Moderate Buy" and an average price target of $144.50.

Ducommun Price Performance

The company has a debt-to-equity ratio of 0.45, a current ratio of 3.50 and a quick ratio of 2.47. The firm has a market capitalization of $2.19 billion, a PE ratio of -63.37 and a beta of 1.06. The business's 50 day moving average is $131.63 and its two-hundred day moving average is $112.04.

Ducommun (NYSE:DCO - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The aerospace company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.14. The company had revenue of $215.80 million during the quarter, compared to analyst estimates of $217.42 million. Ducommun had a positive return on equity of 8.47% and a negative net margin of 4.11%.The firm's revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. As a group, research analysts anticipate that Ducommun Incorporated will post 4.1 EPS for the current year.

Insider Buying and Selling

In related news, Director Richard A. Baldridge sold 10,440 shares of Ducommun stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $130.83, for a total value of $1,365,865.20. Following the completion of the sale, the director directly owned 20,100 shares in the company, valued at approximately $2,629,683. This trade represents a 34.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DCO. Cornerstone Planning Group LLC lifted its holdings in Ducommun by 6,725.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company's stock worth $26,000 after purchasing an additional 269 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company's stock valued at $29,000 after acquiring an additional 297 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Ducommun in the 3rd quarter valued at $63,000. State of Alaska Department of Revenue bought a new position in shares of Ducommun during the 3rd quarter worth $79,000. Finally, CIBC Private Wealth Group LLC purchased a new position in Ducommun during the 4th quarter valued at about $95,000. 92.15% of the stock is currently owned by institutional investors.

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.

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