Ducommun (NYSE:DCO) Hits New 12-Month High - Still a Buy?

Key Points

• Ducommun Incorporated recently reached a new 52-week high of $95.00, closing at $90.18 with significant trading activity.
• Multiple brokerage firms have upgraded Ducommun's stock ratings, with Goldman Sachs and Truist Financial boosting their target prices to $94.00 and $95.00, respectively.
• Ducommun reported an earnings per share (EPS) of $0.88 for the last quarter, surpassing analysts' expectations and showing a revenue growth of 2.7% year-over-year.

Ducommun Incorporated (NYSE:DCO - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $95.00 and last traded at $90.18, with a volume of 154 shares changing hands. The stock had previously closed at $89.34.

Analysts Set New Price Targets

Several brokerages recently issued reports on DCO. Zacks Research upgraded shares of Ducommun to a "hold" rating in a research report on Monday, August 11th. Wall Street Zen upgraded shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 10th. The Goldman Sachs Group boosted 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. Truist Financial boosted their target price on shares of Ducommun from $87.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Royal Bank Of Canada lifted their price target on shares of Ducommun from $95.00 to $100.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $97.50.

Ducommun Price Performance

The firm's fifty day moving average price is $86.90 and its 200 day moving average price is $70.66. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.31. The stock has a market cap of $1.36 billion, a PE ratio of 34.47 and a beta of 1.38.

Ducommun (NYSE:DCO - Get Free Report) last released its earnings results on Thursday, August 7th. The aerospace company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.80 by $0.08. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. The firm had revenue of $202.26 million for the quarter, compared to the consensus estimate of $199.29 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The company's quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts expect that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Ducommun

A number of hedge funds have recently bought and sold shares of DCO. Alliancebernstein L.P. raised its stake in shares of Ducommun by 1,993.3% in the second quarter. Alliancebernstein L.P. now owns 302,969 shares of the aerospace company's stock valued at $25,034,000 after acquiring an additional 288,496 shares during the period. Ophir Asset Management Pty Ltd purchased a new stake in shares of Ducommun in the second quarter valued at $22,151,000. Brown Advisory Inc. purchased a new stake in shares of Ducommun in the second quarter valued at $17,025,000. Raymond James Financial Inc. purchased a new stake in shares of Ducommun in the fourth quarter valued at $6,737,000. Finally, Oberweis Asset Management Inc. purchased a new stake in shares of Ducommun in the fourth quarter valued at $6,092,000. Hedge funds and other 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.

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