Ducommun (NYSE:DCO) Sets New 52-Week High - Should You Buy?

Ducommun Incorporated (NYSE:DCO - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $74.15 and last traded at $73.79, with a volume of 3785 shares changing hands. The stock had previously closed at $73.77.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wall Street Zen raised Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. B. Riley reiterated a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. Finally, Truist Financial boosted their target price on shares of Ducommun from $76.00 to $87.00 and gave the stock a "buy" rating in a research report on Thursday. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $79.67.

Ducommun Stock Up 2.4%

The company has a market cap of $1.14 billion, a price-to-earnings ratio of 38.38 and a beta of 1.33. The business has a 50-day simple moving average of $63.16 and a two-hundred day simple moving average of $63.15. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37.

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

Institutional Trading of Ducommun

Large investors have recently modified their holdings of the company. Gibson Capital LLC acquired a new position in Ducommun during the 4th quarter worth $6,763,000. Raymond James Financial Inc. bought a new position in shares of Ducommun in the fourth quarter worth about $6,737,000. Kennedy Capital Management LLC increased its stake in shares of Ducommun by 60.9% in the fourth quarter. Kennedy Capital Management LLC now owns 273,517 shares of the aerospace company's stock worth $17,412,000 after purchasing an additional 103,570 shares during the period. Oberweis Asset Management Inc. acquired a new position in shares of Ducommun during the 4th quarter worth about $6,092,000. Finally, Nuveen LLC bought a new stake in Ducommun during the 1st quarter valued at approximately $5,097,000. 92.15% of the stock is owned by institutional investors.

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.