Ducommun (NYSE:DCO) Reaches New 52-Week High – Here’s Why

Shares of Ducommun Incorporated (NYSE:DCO) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $78.50 and last traded at $78.09, with a volume of 8202 shares changing hands. The stock had previously closed at $77.65.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DCO shares. B. Riley reissued a “buy” rating on shares of Ducommun in a research report on Wednesday, May 7th. Truist Financial boosted their price objective on Ducommun from $76.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, June 12th. Finally, Wall Street Zen upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $79.67.

Ducommun Stock Performance

The company has a quick ratio of 2.20, a current ratio of 3.34 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $65.43 and a 200 day moving average of $63.55. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 34.42 and a beta of 1.33.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.63 by $0.20. Ducommun had a return on equity of 7.61% and a net margin of 4.45%. The business had revenue of $194.11 million for the quarter, compared to analysts’ expectations of $192.30 million. During the same quarter in the previous year, the firm posted $0.70 earnings per share. The company’s revenue was up 1.7% compared to the same quarter last year. As a group, equities research analysts expect that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Ducommun by 2.5% in the first quarter. Vanguard Group Inc. now owns 767,398 shares of the aerospace company’s stock valued at $44,532,000 after buying an additional 18,436 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in Ducommun by 1.1% in the first quarter. Gamco Investors INC. ET AL now owns 588,278 shares of the aerospace company’s stock valued at $34,138,000 after buying an additional 6,572 shares during the last quarter. Royal Bank of Canada increased its holdings in Ducommun by 8.1% in the fourth quarter. Royal Bank of Canada now owns 361,373 shares of the aerospace company’s stock valued at $23,005,000 after buying an additional 27,068 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in Ducommun by 60.9% in the fourth quarter. Kennedy Capital Management LLC now owns 273,517 shares of the aerospace company’s stock valued at $17,412,000 after buying an additional 103,570 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in Ducommun by 4.4% in the fourth quarter. First Eagle Investment Management LLC now owns 253,087 shares of the aerospace company’s stock valued at $16,112,000 after buying an additional 10,700 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

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.