Ducommun (NYSE:DCO) Hits New 1-Year High – Here’s Why

Shares of Ducommun Incorporated (NYSE:DCO) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $71.50 and last traded at $71.50, with a volume of 348 shares changing hands. The stock had previously closed at $65.65.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. The Goldman Sachs Group upgraded Ducommun from a “neutral” rating to a “buy” rating and upped their price objective for the company from $64.00 to $80.00 in a report on Tuesday, August 13th. StockNews.com upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. Finally, Truist Financial dropped their target price on shares of Ducommun from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Ducommun presently has an average rating of “Buy” and an average target price of $70.75.

Ducommun Price Performance

The stock has a 50-day moving average of $63.73 and a two-hundred day moving average of $60.75. The firm has a market cap of $998.72 million, a price-to-earnings ratio of 42.49 and a beta of 1.39. The company has a current ratio of 3.06, a quick ratio of 1.97 and a debt-to-equity ratio of 0.38.

Ducommun (NYSE:DCO) last announced its earnings results on Thursday, August 8th. 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 2.95% and a return on equity of 6.79%. The company had revenue of $197.00 million during the quarter, compared to analysts’ expectations of $194.57 million. During the same period last year, the company posted $0.54 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts anticipate that Ducommun Incorporated will post 2.97 EPS for the current year.

Insider Transactions at Ducommun

In related news, VP Jerry L. Redondo sold 3,300 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $60.69, for a total value of $200,277.00. Following the completion of the sale, the vice president now directly owns 63,826 shares of the company’s stock, valued at approximately $3,873,599.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ducommun news, VP Jerry L. Redondo sold 3,300 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $60.69, for a total value of $200,277.00. Following the completion of the sale, the vice president now owns 63,826 shares in the company, valued at $3,873,599.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jerry L. Redondo sold 770 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $64.20, for a total transaction of $49,434.00. Following the transaction, the vice president now owns 63,826 shares in the company, valued at approximately $4,097,629.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,270 shares of company stock valued at $329,295 over the last quarter. Company insiders own 8.80% of the company’s stock.

Institutional Investors Weigh In On Ducommun

Several large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in shares of Ducommun by 49.7% during the 1st quarter. BNP Paribas Financial Markets now owns 24,918 shares of the aerospace company’s stock worth $1,278,000 after purchasing an additional 8,273 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Ducommun by 7.6% during the 1st quarter. First Eagle Investment Management LLC now owns 219,479 shares of the aerospace company’s stock worth $11,259,000 after acquiring an additional 15,494 shares in the last quarter. RDST Capital LLC lifted its holdings in Ducommun by 16.8% in the 2nd quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock worth $31,369,000 after purchasing an additional 77,595 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in Ducommun by 70.4% during the second quarter. Diamond Hill Capital Management Inc. now owns 112,664 shares of the aerospace company’s stock worth $6,541,000 after purchasing an additional 46,544 shares during the period. Finally, Oliver Luxxe Assets LLC lifted its stake in shares of Ducommun by 111.5% in the third quarter. Oliver Luxxe Assets LLC now owns 20,304 shares of the aerospace company’s stock worth $1,337,000 after buying an additional 10,702 shares during the last quarter. Institutional investors own 92.15% of the company’s stock.

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.