Ducommun (NYSE:DCO) Hits New 52-Week High - Here's What Happened

Ducommun Incorporated (NYSE:DCO - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as $81.79 and last traded at $81.53, with a volume of 14676 shares. The stock had previously closed at $80.57.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Truist Financial raised their price target on shares of Ducommun from $76.00 to $87.00 and gave the company a "buy" rating in a report on Thursday, June 12th. The Goldman Sachs Group lifted their price objective on Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a research note on Monday. B. Riley restated a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. Finally, Wall Street Zen raised Ducommun from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 7th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Ducommun presently has a consensus rating of "Buy" and a consensus target price of $84.33.

Ducommun Price Performance

The stock has a market capitalization of $1.21 billion, a P/E ratio of 23.70 and a beta of 1.33. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 3.34. The firm has a 50-day moving average price of $66.93 and a 200 day moving average price of $63.82.

Ducommun (NYSE:DCO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.83 EPS for the quarter, beating 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 analysts' expectations of $192.30 million. During the same period last year, the business earned $0.70 earnings per share. The business's quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts expect that Ducommun Incorporated will post 3.21 EPS for the current year.

Institutional Trading of Ducommun

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in shares of Ducommun by 49.0% in the fourth quarter. Bank of America Corp DE now owns 63,120 shares of the aerospace company's stock worth $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 grew its position in Ducommun by 36.9% during the 4th 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 last quarter. Intech Investment Management LLC purchased a new position in Ducommun in the 4th quarter worth approximately $383,000. Two Sigma Investments LP boosted its position in Ducommun by 76.9% during the 4th quarter. Two Sigma Investments LP now owns 73,990 shares of the aerospace company's stock valued at $4,710,000 after buying an additional 32,156 shares during the period. Finally, Northern Trust Corp grew its holdings in Ducommun by 5.4% in the 4th quarter. Northern Trust Corp now owns 130,177 shares of the aerospace company's stock worth $8,287,000 after acquiring an additional 6,649 shares during the last quarter. 92.15% of the stock is owned by institutional investors.

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.