Ducommun (NYSE:DCO) Reaches New 52-Week High – Still a Buy?
by Teresa Graham · The Cerbat GemDucommun Incorporated (NYSE:DCO – Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $143.41 and last traded at $141.1150, with a volume of 27354 shares. The stock had previously closed at $141.48.
Analyst Upgrades and Downgrades
DCO has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank Of Canada lifted their price target on shares of Ducommun from $142.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Ducommun in a report on Monday, December 29th. Truist Financial lifted their target price on shares of Ducommun from $124.00 to $136.00 and gave the company a “buy” rating in a report on Friday, February 27th. Finally, The Goldman Sachs Group boosted their target price on Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a research report on Monday. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.50.
View Our Latest Analysis on Ducommun
Ducommun Stock Performance
The stock has a market capitalization of $2.07 billion, a PE ratio of -59.92 and a beta of 1.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.47 and a current ratio of 3.50. The firm’s 50 day moving average is $128.88 and its two-hundred day moving average is $109.47.
Ducommun (NYSE:DCO – Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The aerospace company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.91 by $0.14. The business had revenue of $215.80 million during the quarter, compared to the consensus estimate of $217.42 million. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.47%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 earnings per share. As a group, research analysts predict that Ducommun Incorporated will post 4.1 earnings per share for the current year.
Insider Transactions at Ducommun
In related news, Director Richard A. Baldridge sold 10,440 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the sale, the director directly owned 20,100 shares in the company, valued at approximately $2,629,683. This represents a 34.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.00% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Ducommun
A number of large investors have recently modified their holdings of DCO. Cornerstone Planning Group LLC lifted its position in shares of Ducommun by 6,725.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after buying an additional 297 shares in the last quarter. Financial Consulate Inc. purchased a new stake in Ducommun during the 3rd quarter worth about $48,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Ducommun during the 3rd quarter worth about $63,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Ducommun during the 3rd quarter worth about $79,000. 92.15% of the stock is owned by hedge funds and other institutional investors.
Ducommun Company Profile
Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.
Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.