Ducommun (NYSE:DCO) Stock Price Up 6.4% Following Better-Than-Expected Earnings

Ducommun Incorporated (NYSE:DCO - Get Free Report) rose 6.4% on Tuesday following a stronger than expected earnings report. The company traded as high as $61.94 and last traded at $62.32. Approximately 15,129 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 76,310 shares. The stock had previously closed at $58.55.

The aerospace company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.63 by $0.20. Ducommun had a net margin of 3.82% and a return on equity of 7.40%. During the same quarter in the prior year, the business earned $0.70 EPS. Ducommun's revenue for the quarter was up 1.7% on a year-over-year basis.

Analyst Upgrades and Downgrades

DCO has been the subject of a number of research analyst reports. Truist Financial cut their price objective on shares of Ducommun from $82.00 to $70.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. StockNews.com downgraded shares of Ducommun from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 15th.

Institutional Trading of Ducommun

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC increased its stake in Ducommun by 804.2% in the 4th quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock valued at $28,000 after buying an additional 386 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Ducommun during the 4th quarter valued at $32,000. Venturi Wealth Management LLC raised its stake in shares of Ducommun by 833.3% during the fourth quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company's stock valued at $46,000 after acquiring an additional 650 shares during the last quarter. Virtus Fund Advisers LLC acquired a new position in Ducommun during the 4th quarter worth about $78,000. Finally, US Bancorp DE lifted its position in shares of Ducommun by 49.9% in the 4th quarter. US Bancorp DE now owns 1,327 shares of the aerospace company's stock worth $84,000 after purchasing an additional 442 shares during the period. 92.15% of the stock is owned by institutional investors.

Ducommun Price Performance

The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. The business's 50 day moving average is $57.50 and its two-hundred day moving average is $62.24. The firm has a market cap of $911.55 million, a P/E ratio of 30.68 and a beta of 1.30.

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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