Ducommun (NYSE:DCO) Sets New 52-Week High Following Analyst Upgrade

Ducommun Incorporated (NYSE:DCO - Get Free Report)'s stock price reached a new 52-week high during trading on Monday after The Goldman Sachs Group raised their price target on the stock from $84.00 to $94.00. The Goldman Sachs Group currently has a buy rating on the stock. Ducommun traded as high as $81.79 and last traded at $81.53, with a volume of 14676 shares traded. The stock had previously closed at $80.57.

Several other analysts also recently commented on DCO. Wall Street Zen raised Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. B. Riley reaffirmed a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. Finally, Truist Financial boosted their target price on Ducommun from $76.00 to $87.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $84.33.

Hedge Funds Weigh In On Ducommun

A number of large investors have recently bought and sold shares of DCO. Sterling Capital Management LLC boosted its holdings in shares of Ducommun by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock worth $28,000 after purchasing an additional 386 shares during the period. Venturi Wealth Management LLC grew its position in shares of Ducommun by 833.3% in the 4th quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company's stock worth $46,000 after buying an additional 650 shares during the last quarter. Virtus Fund Advisers LLC purchased a new position in shares of Ducommun during the fourth quarter valued at approximately $78,000. US Bancorp DE raised its holdings in shares of Ducommun by 49.9% during the fourth quarter. US Bancorp DE now owns 1,327 shares of the aerospace company's stock valued at $84,000 after acquiring an additional 442 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its stake in Ducommun by 200.0% in the first quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company's stock worth $87,000 after acquiring an additional 1,000 shares during the period. 92.15% of the stock is owned by hedge funds and other institutional investors.

Ducommun Trading Up 3.3%

The company has a quick ratio of 2.20, a current ratio of 3.34 and a debt-to-equity ratio of 0.33. The firm's fifty day moving average is $67.97 and its two-hundred day moving average is $64.08. The firm has a market cap of $1.26 billion, a P/E ratio of 36.48 and a beta of 1.33.

Ducommun (NYSE:DCO - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (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 company had revenue of $194.11 million during the quarter, compared to the consensus estimate of $192.30 million. During the same period in the prior year, the firm earned $0.70 earnings per share. Ducommun's revenue was up 1.7% on a year-over-year basis. Analysts predict that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

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.