Ducommun (NYSE:DCO) Sets New 12-Month High - Time to Buy?

Key Points

• Ducommun Incorporated reached a new 52-week high of $93.51 during trading, with positive trading volume of 46,513 shares.
• Several analysts have raised their price targets for Ducommun, with Royal Bank of Canada setting it at $100.00 and a consensus target price of $97.50 among research analysts.
• The company reported $0.88 earnings per share for the last quarter, surpassing analysts' expectations and showing a revenue increase of 2.7% year-over-year.

Ducommun Incorporated (NYSE:DCO - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $93.43 and last traded at $93.51, with a volume of 46513 shares. The stock had previously closed at $92.54.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DCO. The Goldman Sachs Group raised their price target on Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. B. Riley reaffirmed a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. Wall Street Zen upgraded shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 10th. Truist Financial boosted their price objective on shares of Ducommun from $87.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Royal Bank Of Canada upped their price objective on shares of Ducommun from $95.00 to $100.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Ducommun has a consensus rating of "Buy" and a consensus target price of $97.50.

Ducommun Price Performance

The firm has a fifty day moving average of $86.09 and a two-hundred day moving average of $70.27. The company has a current ratio of 3.24, a quick ratio of 2.17 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $1.37 billion, a PE ratio of 34.89 and a beta of 1.38.

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

Institutional Investors Weigh In On Ducommun

A number of large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in shares of Ducommun by 618.8% during the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company's stock valued at $29,000 after acquiring an additional 297 shares during the last quarter. Traub Capital Management LLC purchased a new position in Ducommun during the 2nd quarter valued at about $35,000. Sterling Capital Management LLC raised its position in Ducommun by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 386 shares during the last quarter. CWM LLC lifted its holdings in Ducommun by 27.7% in the 2nd quarter. CWM LLC now owns 687 shares of the aerospace company's stock worth $57,000 after buying an additional 149 shares during the period. Finally, Virtus Fund Advisers LLC bought a new stake in shares of Ducommun in the 4th quarter worth approximately $78,000. Institutional investors own 92.15% of the company's stock.

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.