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

Ducommun Incorporated (NYSE:DCO - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $63.32 and traded as high as $77.79. Ducommun shares last traded at $77.70, with a volume of 154,065 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Truist Financial upped their price target on Ducommun from $76.00 to $87.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Wall Street Zen upgraded shares of Ducommun from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 7th. Finally, B. Riley reissued a "buy" rating on shares of Ducommun in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $79.67.

Ducommun Trading Up 0.7%

The company has a quick ratio of 2.20, a current ratio of 3.34 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average price of $65.94 and a 200-day moving average price of $63.64. The company has a market cap of $1.20 billion, a P/E ratio of 34.61 and a beta of 1.33.

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, topping analysts' consensus estimates of $0.63 by $0.20. Ducommun had a net margin of 4.45% and a return on equity of 7.61%. The firm had revenue of $194.11 million for the quarter, compared to the consensus estimate of $192.30 million. During the same period in the prior year, the company posted $0.70 earnings per share. The business's revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts forecast that Ducommun Incorporated will post 3.21 earnings per share for the current year.

Institutional Inflows and Outflows

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