Ducommun (NYSE:DCO) Hits New 1-Year High - Should You Buy?

Key Points

• Ducommun's stock reached a new **52-week high** of **$96.07** during trading, closing at **$94.81** with a trading volume of 9,289 shares.
• Analysts have a **consensus rating of "Moderate Buy"** for Ducommun, with **five analysts** rating it as a buy and a **price target of $97.50**.
• The company reported **$0.88 earnings per share** for the quarter, exceeding expectations and showing a **2.7% increase** in revenue compared to the previous year.

Ducommun Incorporated (NYSE:DCO - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $96.07 and last traded at $94.81, with a volume of 9289 shares traded. The stock had previously closed at $94.96.

Analyst Ratings Changes

Several equities research analysts have commented on DCO shares. Wall Street Zen raised shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 10th. Citigroup restated a "buy" rating and issued a $101.00 price objective (up previously from $91.00) on shares of Ducommun in a research report on Monday, July 14th. Truist Financial lifted their target price on Ducommun from $87.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Zacks Research upgraded Ducommun to a "hold" rating in a report on Monday, August 11th. Finally, The Goldman Sachs Group lifted their price objective on Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $97.50.

Ducommun Stock Up 0.2%

The stock has a market cap of $1.40 billion, a P/E ratio of 35.80 and a beta of 1.41. The firm has a 50 day simple moving average of $91.02 and a 200-day simple moving average of $75.18. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.31.

Ducommun (NYSE:DCO - Get Free Report) last posted its earnings results on Thursday, August 7th. The aerospace company reported $0.88 earnings per share for the quarter, topping 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 business had revenue of $202.26 million for the quarter, compared to analyst estimates of $199.29 million. During the same period in the previous year, the firm earned $0.52 EPS. The firm's revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings 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 worth $29,000 after acquiring an additional 297 shares during the period. Traub Capital Management LLC bought a new stake in Ducommun in the 2nd quarter valued at $35,000. CWM LLC grew its holdings in Ducommun by 27.7% in the 2nd quarter. CWM LLC now owns 687 shares of the aerospace company's stock valued at $57,000 after buying an additional 149 shares in the last quarter. Central Pacific Bank Trust Division increased its position in Ducommun by 200.0% during the 1st quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company's stock worth $87,000 after buying an additional 1,000 shares during the period. Finally, Virtus Advisers LLC acquired a new stake in shares of Ducommun during the first quarter worth $103,000. 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.