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

Key Points

• Ducommun Incorporated (NYSE:DCO) reached a new 52-week high of $98.25, reflecting a 2.6% increase in stock price.
• Multiple analysts have issued positive ratings on Ducommun, with a consensus rating of "Moderate Buy" and a target price averaging $97.50.
• For the most recent quarter, Ducommun reported an EPS of $0.88, exceeding expectations and showing a year-over-year revenue growth of 2.7%.

Ducommun Incorporated (NYSE:DCO - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $98.00 and last traded at $98.25, with a volume of 11056 shares traded. The stock had previously closed at $96.24.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DCO shares. Weiss Ratings reissued a "buy (b-)" rating on shares of Ducommun in a research report on Wednesday, October 8th. Zacks Research raised Ducommun to a "hold" rating in a research report on Monday, August 11th. Truist Financial boosted their price target on Ducommun from $87.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Wall Street Zen raised Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 10th. Finally, Royal Bank Of Canada boosted their price target on Ducommun from $95.00 to $100.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Ducommun currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.50.

Ducommun Stock Up 2.6%

The firm has a 50-day moving average price of $93.02 and a 200 day moving average price of $80.62. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.24 and a quick ratio of 2.17. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 37.60 and a beta of 1.38.

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

Institutional Investors Weigh In On Ducommun

Several institutional investors have recently made changes to their positions in DCO. Teacher Retirement System of Texas boosted its stake in shares of Ducommun by 49.2% in the first quarter. Teacher Retirement System of Texas now owns 74,576 shares of the aerospace company's stock valued at $4,328,000 after buying an additional 24,585 shares during the period. Arizona State Retirement System boosted its stake in shares of Ducommun by 4.8% in the first quarter. Arizona State Retirement System now owns 3,815 shares of the aerospace company's stock valued at $221,000 after buying an additional 176 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Ducommun by 25.0% in the first quarter. New York State Common Retirement Fund now owns 20,012 shares of the aerospace company's stock valued at $1,161,000 after buying an additional 3,998 shares during the period. MQS Management LLC bought a new stake in shares of Ducommun in the first quarter valued at approximately $400,000. Finally, AMH Equity Ltd bought a new stake in shares of Ducommun in the first quarter valued at approximately $1,567,000. 92.15% of the stock is currently owned by institutional investors.

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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