Ducommun (NYSE:DCO) Stock Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Ducommun Incorporated (NYSE:DCO) has seen its stock cross above the 200-day moving average, indicating a potential bullish trend, with shares trading at $96.72.
• Analysts are generally optimistic about the company's future, with six rating a Buy and one a Hold, along with a consensus target price of $97.50.
• Ducommun reported $0.88 EPS for its last quarter, exceeding expectations, and experienced a 2.7% revenue growth year-over-year.

Ducommun Incorporated (NYSE:DCO - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $78.01 and traded as high as $97.11. Ducommun shares last traded at $96.72, with a volume of 102,114 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DCO. Zacks Research raised shares of Ducommun to a "hold" rating in a research report on Monday, August 11th. Citigroup reaffirmed a "buy" rating and set a $101.00 price objective (up previously from $91.00) on shares of Ducommun in a report on Monday, July 14th. Weiss Ratings restated a "buy (b-)" rating on shares of Ducommun in a research note on Saturday, September 27th. Royal Bank Of Canada raised their price target on Ducommun from $95.00 to $100.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Finally, Truist Financial raised their target price on shares of Ducommun from $87.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $97.50.

Ducommun Trading Down 0.1%

The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1.44 billion, a PE ratio of 36.78 and a beta of 1.38. The company's fifty day moving average price is $92.29 and its two-hundred day moving average price is $78.01.

Ducommun (NYSE:DCO - Get Free Report) last issued its earnings results on Thursday, August 7th. The aerospace company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.80 by $0.08. The company had revenue of $202.26 million for the quarter, compared to analyst estimates of $199.29 million. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. The business's revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. As a group, sell-side analysts forecast that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ducommun

Several institutional investors have recently modified their holdings of DCO. Vanguard Group Inc. boosted its position in Ducommun by 2.5% during the first quarter. Vanguard Group Inc. now owns 767,398 shares of the aerospace company's stock worth $44,532,000 after purchasing an additional 18,436 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in Ducommun by 6.5% during the second quarter. Gamco Investors INC. ET AL now owns 626,611 shares of the aerospace company's stock worth $51,777,000 after purchasing an additional 38,333 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Ducommun by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 325,079 shares of the aerospace company's stock worth $26,865,000 after buying an additional 5,725 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Ducommun by 1,993.3% in the 2nd quarter. Alliancebernstein L.P. now owns 302,969 shares of the aerospace company's stock worth $25,034,000 after buying an additional 288,496 shares in the last quarter. Finally, Kennedy Capital Management LLC boosted its position in shares of Ducommun by 25.9% in the 2nd quarter. Kennedy Capital Management LLC now owns 242,734 shares of the aerospace company's stock worth $20,057,000 after buying an additional 49,996 shares in the last quarter. Hedge funds and other institutional investors 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.

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