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

Key Points

• Ducommun shares moved above their 200-day moving average of $158.41, reaching an intraday high of $170.74 before trading near $166.90.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $192.60; RBC recently raised its target to $200.
• Ducommun beat quarterly expectations, reporting $1.18 in EPS and $224.49 million in revenue, while revenue increased 11% year over year. CEO Stephen Oswald also sold 5,766 shares at an average price of $201.15.

Shares of Ducommun Incorporated (NYSE:DCO - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $158.41 and traded as high as $170.74. Ducommun shares last traded at $166.8970, with a volume of 255,455 shares traded.

Wall Street Analyst Weigh In

DCO has been the topic of several research analyst reports. Zacks Research raised shares of Ducommun from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. B. Riley Financial reaffirmed a "buy" rating on shares of Ducommun in a report on Friday, August 7th. Citigroup reiterated a "buy" rating on shares of Ducommun in a research note on Wednesday, August 12th. The Goldman Sachs Group reissued a "buy" rating on shares of Ducommun in a report on Monday, August 10th. Finally, Royal Bank Of Canada raised their price objective on shares of Ducommun from $175.00 to $200.00 and gave the stock a "sector performer" rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $192.60.

Ducommun Stock Down 0.7%

The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.38 and a current ratio of 3.36. The stock has a market cap of $2.52 billion, a P/E ratio of -89.25 and a beta of 1.04. The stock's fifty day simple moving average is $179.78 and its 200-day simple moving average is $158.41.

Ducommun (NYSE:DCO - Get Free Report) last announced its earnings results on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.98 by $0.20. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The company had revenue of $224.49 million for the quarter, compared to analysts' expectations of $214.32 million. During the same period last year, the firm earned $0.88 earnings per share. The business's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, research analysts forecast that Ducommun Incorporated will post 4.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ducommun news, CEO Stephen Oswald sold 5,766 shares of the firm's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $201.15, for a total transaction of $1,159,830.90. Following the transaction, the chief executive officer owned 385,875 shares in the company, valued at $77,618,756.25. This trade represents a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.00% of the stock is currently owned by company insiders.

Institutional Trading of Ducommun

Large investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC acquired a new position in Ducommun in the second quarter valued at about $218,000. Integrated Wealth Concepts LLC bought a new stake in Ducommun during the second quarter worth about $100,000. Squarepoint Ops LLC grew its stake in Ducommun by 44.9% during the second quarter. Squarepoint Ops LLC now owns 13,973 shares of the aerospace company's stock worth $2,588,000 after buying an additional 4,332 shares in the last quarter. Nykredit A S acquired a new stake in Ducommun during the second quarter worth about $55,000. Finally, Corient Private Wealth LP acquired a new stake in Ducommun during the second quarter worth about $279,000. 92.15% of the stock is owned by institutional investors and hedge funds.

About Ducommun

Ducommun Incorporated is a diversified manufacturing company that provides engineered products and production services primarily for the aerospace and defense industries. The company supplies components and assemblies used in commercial aircraft, military platforms, space systems and other specialized applications.

Ducommun's Electronic Systems business produces electronic and electromechanical assemblies, interconnect systems, high-reliability components, RF and microwave products, and other systems used in avionics, communications, radar and defense applications.

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