Ducommun (NYSE:DCO) Trading Down 4.5% - Time to Sell?

Ducommun Incorporated (NYSE:DCO - Get Free Report) shares fell 4.5% during mid-day trading on Monday . The company traded as low as $82.46 and last traded at $82.42. 94,126 shares traded hands during trading, an increase of 7% from the average session volume of 87,607 shares. The stock had previously closed at $86.27.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. B. Riley restated a "buy" rating on shares of Ducommun in a report on Wednesday, May 7th. Truist Financial upped their target price on shares of Ducommun from $76.00 to $87.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Finally, The Goldman Sachs Group increased their target price on shares of Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $84.33.

Ducommun Price Performance

The company has a 50 day moving average price of $69.13 and a 200 day moving average price of $64.41. 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 $1.23 billion, a P/E ratio of 35.43 and a beta of 1.33.

Ducommun (NYSE:DCO - Get Free Report) last posted its earnings results 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 company had revenue of $194.11 million during the quarter, compared to analysts' expectations of $192.30 million. During the same quarter last year, the company posted $0.70 EPS. Ducommun's quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts predict that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Ducommun

Several institutional investors and hedge funds have recently modified their holdings of DCO. Sterling Capital Management LLC grew its position in shares of Ducommun by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock worth $28,000 after purchasing an additional 386 shares in the last quarter. Virtus Fund Advisers LLC acquired a new position in Ducommun in the 4th quarter valued at $78,000. US Bancorp DE lifted its position in shares of Ducommun by 49.9% during the 4th quarter. US Bancorp DE now owns 1,327 shares of the aerospace company's stock valued at $84,000 after acquiring an additional 442 shares during the period. Central Pacific Bank Trust Division lifted its position in shares of Ducommun by 200.0% during the 1st quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company's stock valued at $87,000 after acquiring an additional 1,000 shares during the period. Finally, Parvin Asset Management LLC acquired a new stake in shares of Ducommun during the 4th quarter worth $98,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

About Ducommun

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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