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

Ducommun Incorporated (NYSE:DCO - Get Free Report)'s stock price hit 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 traded. The stock had previously closed at $70.24.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DCO. B. Riley reissued a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. Wall Street Zen raised Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Finally, Truist Financial set a $76.00 price target on Ducommun in a report on Wednesday, May 7th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $76.00.

Ducommun Trading Up 1.2%

The stock has a fifty day moving average of $61.20 and a 200 day moving average of $62.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21. The company has a market capitalization of $1.09 billion, a PE ratio of 36.80 and a beta of 1.30.

Ducommun (NYSE:DCO - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.20. Ducommun had a return on equity of 7.40% and a net margin of 3.82%. The business had revenue of $194.11 million for the quarter, compared to the consensus estimate of $192.30 million. During the same quarter in the previous year, the company posted $0.70 EPS. The company's revenue was up 1.7% compared to the same quarter last year. As a group, sell-side analysts predict that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

Institutional Trading of Ducommun

A number of large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in Ducommun by 4.7% in the 1st quarter. Rhumbline Advisers now owns 23,912 shares of the aerospace company's stock worth $1,388,000 after acquiring an additional 1,081 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Ducommun by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company's stock valued at $467,000 after purchasing an additional 319 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Ducommun by 14.5% during the 1st quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company's stock valued at $4,844,000 after purchasing an additional 10,574 shares during the last quarter. Vident Advisory LLC bought a new position in shares of Ducommun during the 1st quarter valued at approximately $2,769,000. Finally, Gamco Investors INC. ET AL increased 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 purchasing an additional 6,572 shares during the last quarter. 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.