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

Ducommun Incorporated (NYSE:DCO - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $91.60 and last traded at $90.64, with a volume of 99988 shares changing hands. The stock had previously closed at $90.54.

Wall Street Analysts Forecast Growth

DCO has been the topic of a number of recent research reports. Royal Bank Of Canada raised their target price on Ducommun from $72.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. The Goldman Sachs Group boosted their price objective on Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. B. Riley reaffirmed a "buy" rating on shares of Ducommun in a report on Wednesday, May 7th. Truist Financial increased their price target on shares of Ducommun from $87.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Wall Street Zen upgraded shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $96.25.

Ducommun Stock Down 0.4%

The company has a 50 day simple moving average of $77.08 and a two-hundred day simple moving average of $66.80. The company has a market capitalization of $1.34 billion, a P/E ratio of 38.70 and a beta of 1.36. The company has a quick ratio of 2.20, a current ratio of 3.34 and a debt-to-equity ratio of 0.33.

Ducommun (NYSE:DCO - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.20. Ducommun had a net margin of 4.45% and a return on equity of 7.61%. The business had revenue of $194.11 million for the quarter, compared to the consensus estimate of $192.30 million. During the same period in the prior year, the firm earned $0.70 EPS. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, equities analysts predict that Ducommun Incorporated will post 3.21 EPS for the current year.

Hedge Funds Weigh In On Ducommun

A number of large investors have recently added to or reduced their stakes in DCO. Bank of America Corp DE raised its holdings in shares of Ducommun by 49.0% in the 4th quarter. Bank of America Corp DE now owns 63,120 shares of the aerospace company's stock valued at $4,018,000 after buying an additional 20,763 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Ducommun by 36.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,456 shares of the aerospace company's stock worth $1,621,000 after acquiring an additional 6,866 shares during the period. Intech Investment Management LLC purchased a new stake in Ducommun during the 4th quarter worth about $383,000. Two Sigma Investments LP increased its holdings in Ducommun by 76.9% during the 4th quarter. Two Sigma Investments LP now owns 73,990 shares of the aerospace company's stock worth $4,710,000 after purchasing an additional 32,156 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Ducommun by 5.4% during the fourth quarter. Northern Trust Corp now owns 130,177 shares of the aerospace company's stock worth $8,287,000 after buying an additional 6,649 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Ducommun Company Profile

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.

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