Ducommun (NYSE:DCO) Reaches New 52-Week High on Analyst Upgrade

Ducommun Incorporated (NYSE:DCO - Get Free Report)'s stock price hit a new 52-week high on Monday after Truist Financial raised their price target on the stock from $87.00 to $95.00. Truist Financial currently has a buy rating on the stock. Ducommun traded as high as $87.51 and last traded at $86.94, with a volume of 31333 shares changing hands. The stock had previously closed at $85.71.

Several other analysts have also recently commented on DCO. B. Riley reiterated a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. The Goldman Sachs Group upped their price target on shares of Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Royal Bank Of Canada increased their target price on Ducommun from $72.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. Finally, Wall Street Zen raised shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $96.25.

Institutional Trading of Ducommun

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC increased its position 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 in the last quarter. Virtus Fund Advisers LLC acquired a new stake in shares of Ducommun in the fourth quarter worth $78,000. Central Pacific Bank Trust Division raised its stake in shares of Ducommun by 200.0% during the 1st quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company's stock valued at $87,000 after buying an additional 1,000 shares during the last quarter. Parvin Asset Management LLC acquired a new position in Ducommun in the fourth quarter valued at approximately $98,000. Finally, Virtus Advisers LLC acquired a new position in shares of Ducommun in the 1st quarter valued at $103,000. Institutional investors own 92.15% of the company's stock.

Ducommun Stock Performance

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's 50 day moving average price is $76.17 and its 200-day moving average price is $66.40. The firm has a market capitalization of $1.29 billion, a PE ratio of 37.21 and a beta of 1.36.

Ducommun (NYSE:DCO - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $194.11 million during the quarter, compared to analyst estimates of $192.30 million. Ducommun had a return on equity of 7.61% and a net margin of 4.45%. Ducommun's quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.70 EPS. On average, research analysts expect that Ducommun Incorporated will post 3.21 EPS for the current 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.