Ducommun (NYSE:DCO) Hits New 52-Week High - What's Next?

Key Points

• Ducommun Incorporated (NYSE:DCO) reached a new 52-week high of $92.18 during trading, closing at $91.63 with a trading volume of 10,916 shares.
• Analysts have responded positively, with multiple brokerages issuing buy ratings and raising their price targets, indicating strong investor confidence in the stock.
• The company's recent quarterly earnings showed a 20 cent beat on EPS estimates, with revenue growth of 1.7% year-over-year, further reinforcing its financial performance.

Shares of Ducommun Incorporated (NYSE:DCO - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $92.18 and last traded at $91.63, with a volume of 10916 shares traded. The stock had previously closed at $90.70.

Analyst Ratings Changes

A number of brokerages recently weighed in on DCO. Citigroup restated a "buy" rating and set a $101.00 price objective (up previously from $91.00) on shares of Ducommun in a research report on Monday, July 14th. Royal Bank Of Canada boosted their price objective on Ducommun from $72.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. Wall Street Zen lowered Ducommun from a "strong-buy" rating to a "buy" rating in a research report on Saturday. The Goldman Sachs Group upped 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. Finally, Truist Financial upped their price target on Ducommun from $87.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $96.25.

Ducommun Price Performance

The company has a current ratio of 3.34, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33. The business has a 50-day simple moving average of $81.62 and a 200 day simple moving average of $68.53. The stock has a market cap of $1.33 billion, a P/E ratio of 38.41 and a beta of 1.36.

Ducommun (NYSE:DCO - Get Free Report) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.63 by $0.20. Ducommun had a return on equity of 7.61% and a net margin of 4.45%. The company had revenue of $194.11 million for the quarter, compared to analyst estimates of $192.30 million. During the same quarter in the prior year, the company earned $0.70 EPS. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. On average, analysts forecast that Ducommun Incorporated will post 3.21 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DCO. Bank of America Corp DE raised its stake in shares of Ducommun by 49.0% in the fourth quarter. Bank of America Corp DE now owns 63,120 shares of the aerospace company's stock worth $4,018,000 after purchasing an additional 20,763 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Ducommun by 36.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,456 shares of the aerospace company's stock valued at $1,621,000 after acquiring an additional 6,866 shares during the period. Two Sigma Investments LP grew its position in shares of Ducommun by 76.9% in the fourth quarter. Two Sigma Investments LP now owns 73,990 shares of the aerospace company's stock valued at $4,710,000 after purchasing an additional 32,156 shares in the last quarter. Northern Trust Corp grew its position in shares of Ducommun by 5.4% in the fourth quarter. Northern Trust Corp now owns 130,177 shares of the aerospace company's stock valued at $8,287,000 after purchasing an additional 6,649 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Ducommun by 5,623.8% during the first quarter. GAMMA Investing LLC now owns 8,414 shares of the aerospace company's stock worth $488,000 after buying an additional 8,267 shares in the last quarter. Institutional investors and hedge funds 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.