Ducommun (NYSE:DCO) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Shares of Ducommun Incorporated (NYSE:DCO - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $64.54 and traded as high as $86.27. Ducommun shares last traded at $82.60, with a volume of 252,768 shares traded.

Analyst Ratings Changes

DCO has been the topic of several recent analyst reports. Truist Financial upped their price objective on shares of Ducommun from $76.00 to $87.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. The Goldman Sachs Group raised their price target on Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Wall Street Zen raised Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. Finally, B. Riley reissued a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $84.33.

Ducommun Stock 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 company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 35.63 and a beta of 1.33. The stock's fifty day simple moving average is $69.68 and its 200-day simple moving average is $64.54.

Ducommun (NYSE:DCO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (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 business had revenue of $194.11 million for the quarter, compared to analysts' expectations of $192.30 million. During the same period last year, the firm earned $0.70 earnings per share. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. Analysts predict that Ducommun Incorporated will post 3.21 EPS for the current year.

Hedge Funds Weigh In On Ducommun

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers raised its holdings in Ducommun by 4.7% in the first quarter. Rhumbline Advisers now owns 23,912 shares of the aerospace company's stock valued at $1,388,000 after acquiring an additional 1,081 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Ducommun by 4.1% in 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 in the last quarter. AQR Capital Management LLC lifted 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 worth $4,844,000 after purchasing an additional 10,574 shares during the last quarter. Vident Advisory LLC acquired a new position in shares of Ducommun during the first quarter worth $2,769,000. Finally, Gamco Investors INC. ET AL grew its stake in shares of Ducommun by 1.1% during the first quarter. Gamco Investors INC. ET AL now owns 588,278 shares of the aerospace company's stock worth $34,138,000 after purchasing an additional 6,572 shares in the last quarter. 92.15% of the stock is 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.