Ducommun (NYSE:DCO) Hits New 12-Month High - What's Next?

Key Points

• Ducommun's stock price reached a new 52-week high of $92.64, closing at $92.43 with a trading volume of 88,554 shares.
• Analysts have upgraded their target prices for Ducommun, with a consensus rating of "Buy" and an average price target of $96.25, reflecting confidence in the company's performance.
• The company's latest earnings report showed an EPS of $0.83, exceeding estimates, with a revenue increase of 1.7% year-over-year.

Ducommun Incorporated (NYSE:DCO - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as $92.64 and last traded at $92.43, with a volume of 88554 shares traded. The stock had previously closed at $89.58.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank Of Canada increased their price target on shares of Ducommun from $72.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. The Goldman Sachs Group lifted their price objective on shares of Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. B. Riley reissued a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. Citigroup reissued a "buy" rating and set a $101.00 target price (up previously from $91.00) on shares of Ducommun in a research note on Monday, July 14th. Finally, Truist Financial increased 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. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Ducommun presently has a consensus rating of "Buy" and an average price target of $96.25.

Ducommun Stock Up 3.1%

The stock has a market capitalization of $1.37 billion, a PE ratio of 39.62 and a beta of 1.38. The company has a 50 day moving average price of $81.62 and a 200-day moving average price of $68.53. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.34 and a quick ratio of 2.20.

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

Hedge Funds Weigh In On Ducommun

Several institutional investors have recently added to or reduced their stakes in DCO. American Century Companies Inc. boosted its holdings in Ducommun by 4.5% during the 4th quarter. American Century Companies Inc. now owns 26,992 shares of the aerospace company's stock valued at $1,718,000 after acquiring an additional 1,153 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Ducommun in the 4th quarter worth $146,000. JPMorgan Chase & Co. raised its position in shares of Ducommun by 1,151.0% in the 4th quarter. JPMorgan Chase & Co. now owns 75,509 shares of the aerospace company's stock worth $4,807,000 after acquiring an additional 69,473 shares in the last quarter. Wellington Management Group LLP increased its position in Ducommun by 41.9% during the 4th quarter. Wellington Management Group LLP now owns 193,741 shares of the aerospace company's stock valued at $12,334,000 after buying an additional 57,172 shares in the last quarter. Finally, Trexquant Investment LP increased its position in Ducommun by 539.1% during the 4th quarter. Trexquant Investment LP now owns 39,762 shares of the aerospace company's stock valued at $2,531,000 after buying an additional 33,540 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

About Ducommun

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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