Ducommun (NYSE:DCO) Sets New 52-Week High - Here's Why

Ducommun Incorporated (NYSE:DCO - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $74.15 and last traded at $73.79, with a volume of 3785 shares traded. The stock had previously closed at $73.77.

Wall Street Analyst Weigh In

DCO has been the topic of several analyst reports. B. Riley restated 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 report on Wednesday, May 7th. Finally, Truist Financial set a $76.00 price objective on shares of Ducommun in a report 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 data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $76.00.

Ducommun Stock Up 0.1%

The stock has a market capitalization of $1.10 billion, a P/E ratio of 37.12 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. The stock's fifty day moving average is $62.09 and its two-hundred day moving average is $62.94.

Ducommun (NYSE:DCO - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.20. Ducommun had a net margin of 3.82% and a return on equity of 7.40%. The firm had revenue of $194.11 million during the quarter, compared to analyst estimates of $192.30 million. During the same quarter last year, the business posted $0.70 EPS. The company's revenue was up 1.7% on a year-over-year basis. As a group, 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 bought and sold shares of the business. Bank of America Corp DE boosted its position in Ducommun by 49.0% during the 4th quarter. Bank of America Corp DE now owns 63,120 shares of the aerospace company's stock worth $4,018,000 after acquiring an additional 20,763 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Ducommun during the 4th quarter valued at $383,000. Barclays PLC boosted its stake in shares of Ducommun by 137.2% during the 3rd quarter. Barclays PLC now owns 53,382 shares of the aerospace company's stock valued at $3,514,000 after buying an additional 30,873 shares during the period. Two Sigma Investments LP boosted its stake in shares of Ducommun by 76.9% during the 4th quarter. Two Sigma Investments LP now owns 73,990 shares of the aerospace company's stock valued at $4,710,000 after buying an additional 32,156 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Ducommun by 5.4% during the 4th quarter. Northern Trust Corp now owns 130,177 shares of the aerospace company's stock valued at $8,287,000 after buying an additional 6,649 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

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.

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