Ducommun (NYSE:DCO) Hits New 1-Year High - Time to Buy?

Key Points

• Ducommun's stock reached a new 52-week high of $96.55, and it currently holds a market cap of $1.45 billion.
• Analysts have upgraded the stock, with a current consensus rating of "Moderate Buy" and an average price target of $97.50.
• The company reported a quarterly EPS of $0.88, surpassing analyst expectations, with year-over-year revenue growth of 2.7%.

Ducommun Incorporated (NYSE:DCO - Get Free Report)'s share price hit a new 52-week high on Monday . The company traded as high as $96.55 and last traded at $96.38, with a volume of 9350 shares traded. The stock had previously closed at $94.80.

Analyst Upgrades and Downgrades

DCO has been the subject of several recent analyst reports. Zacks Research upgraded Ducommun to a "hold" rating in a research report on Monday, August 11th. Truist Financial raised their price target on shares of Ducommun from $87.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Ducommun in a report on Saturday, September 27th. Citigroup reissued a "buy" rating and issued a $101.00 price objective (up previously from $91.00) on shares of Ducommun in a research note on Monday, July 14th. Finally, The Goldman Sachs Group raised their target price on shares of Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $97.50.

Ducommun Trading Up 2.2%

The company has a debt-to-equity ratio of 0.31, a current ratio of 3.24 and a quick ratio of 2.17. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 36.85 and a beta of 1.38. The firm's fifty day moving average is $92.04 and its 200-day moving average is $77.61.

Ducommun (NYSE:DCO - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.08. Ducommun had a return on equity of 7.61% and a net margin of 5.03%.The firm had revenue of $202.26 million during the quarter, compared to analyst estimates of $199.29 million. During the same period last year, the company posted $0.52 EPS. The business's quarterly revenue was up 2.7% on a year-over-year basis. Equities analysts anticipate that Ducommun Incorporated will post 3.21 earnings per share for the current year.

Hedge Funds Weigh In On Ducommun

A number of institutional investors and hedge funds have recently made changes to their positions in DCO. EverSource Wealth Advisors LLC raised its stake in Ducommun by 618.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company's stock worth $29,000 after buying an additional 297 shares during the period. Traub Capital Management LLC bought a new stake in Ducommun during the 2nd quarter valued at $35,000. CWM LLC increased its holdings in Ducommun by 27.7% during the 2nd quarter. CWM LLC now owns 687 shares of the aerospace company's stock worth $57,000 after purchasing an additional 149 shares in the last quarter. Virtus Advisers LLC purchased a new stake in Ducommun in the 1st quarter valued at $103,000. Finally, CANADA LIFE ASSURANCE Co bought a new stake in shares of Ducommun in the 2nd quarter worth $145,000. Institutional investors own 92.15% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.