Ducommun (NYSE:DCO) Reaches New 1-Year High - Here's Why

Ducommun Incorporated (NYSE:DCO - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $71.12 and last traded at $71.12, with a volume of 25093 shares. The stock had previously closed at $70.24.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DCO shares. Wall Street Zen raised shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. B. Riley reissued a "buy" rating on shares of Ducommun in a report on Wednesday, May 7th. Finally, Truist Financial set a $76.00 price objective on Ducommun in a research note on Wednesday, May 7th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $76.00.

Ducommun Stock Performance

The company's fifty day simple moving average is $62.09 and its two-hundred day simple moving average is $62.97. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 36.98 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21.

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, topping the consensus estimate of $0.63 by $0.20. The business had revenue of $194.11 million for the quarter, compared to analysts' expectations of $192.30 million. Ducommun had a net margin of 3.82% and a return on equity of 7.40%. The company's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.70 earnings per share. Equities research analysts predict that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ducommun

Institutional investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in Ducommun by 4.7% in the first quarter. Rhumbline Advisers now owns 23,912 shares of the aerospace company's stock worth $1,388,000 after purchasing an additional 1,081 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ducommun by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company's stock worth $467,000 after buying an additional 319 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Ducommun by 14.5% in the 1st quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company's stock valued at $4,844,000 after buying an additional 10,574 shares during the period. Vident Advisory LLC bought a new stake in shares of Ducommun during the 1st quarter valued at about $2,769,000. Finally, Gamco Investors INC. ET AL grew its position in shares of Ducommun by 1.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 588,278 shares of the aerospace company's stock valued at $34,138,000 after buying an additional 6,572 shares during the last quarter. 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.