Ducommun (NYSE:DCO) Shares Pass Above 200 Day Moving Average of $50.21

Shares of Ducommun Incorporated (NYSE:DCO - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $50.21 and traded as high as $54.44. Ducommun shares last traded at $54.15, with a volume of 29,820 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DCO shares. Truist Financial decreased their target price on Ducommun from $69.00 to $65.00 and set a "buy" rating for the company in a research report on Friday, February 16th. B. Riley restated a "buy" rating and set a $72.00 price objective on shares of Ducommun in a report on Friday, February 16th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $60.00 target price on shares of Ducommun in a research note on Friday, February 16th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $62.80.

Ducommun Stock Down 0.1 %

The firm has a market capitalization of $791.88 million, a P/E ratio of 47.09 and a beta of 1.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.91 and a current ratio of 2.99. The stock has a 50 day moving average of $50.95 and a 200-day moving average of $50.21.

Ducommun (NYSE:DCO - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.11. The company had revenue of $192.23 million for the quarter, compared to analyst estimates of $193.24 million. Ducommun had a net margin of 2.10% and a return on equity of 5.94%. Research analysts predict that Ducommun Incorporated will post 2.75 earnings per share for the current fiscal year.

Institutional Trading of Ducommun

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Covestor Ltd grew its holdings in Ducommun by 33.9% during the 3rd quarter. Covestor Ltd now owns 1,083 shares of the aerospace company's stock valued at $47,000 after buying an additional 274 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Ducommun by 658.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,927 shares of the aerospace company's stock valued at $100,000 after acquiring an additional 1,673 shares in the last quarter. Advisor Partners II LLC purchased a new position in Ducommun during the third quarter valued at approximately $211,000. Hennion & Walsh Asset Management Inc. bought a new stake in Ducommun during the 1st quarter worth approximately $295,000. Finally, Advisors Asset Management Inc. lifted its stake in Ducommun by 13.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 8,580 shares of the aerospace company's stock worth $373,000 after purchasing an additional 995 shares in the last quarter. 92.15% of the stock is currently 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.