Ducommun (NYSE:DCO) Hits New 52-Week High at $66.45

Shares of Ducommun Incorporated (NYSE:DCO) reached a new 52-week high during trading on Thursday . The company traded as high as $66.45 and last traded at $64.83, with a volume of 2586 shares traded. The stock had previously closed at $65.05.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. The Goldman Sachs Group raised shares of Ducommun from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $64.00 to $80.00 in a research note on Tuesday, August 13th. Truist Financial restated a “buy” rating and set a $72.00 price target (up from $65.00) on shares of Ducommun in a research report on Friday, August 9th. Finally, StockNews.com upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Ducommun has a consensus rating of “Buy” and an average price target of $71.00.

Ducommun Stock Down 1.7 %

The stock has a market capitalization of $962.87 million, a price-to-earnings ratio of 54.98 and a beta of 1.38. The business’s 50-day moving average is $63.13 and its two-hundred day moving average is $57.83. The company has a quick ratio of 1.97, a current ratio of 3.06 and a debt-to-equity ratio of 0.38.

Ducommun (NYSE:DCO) last posted its earnings results on Thursday, August 8th. The aerospace company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.20. The company had revenue of $197.00 million for the quarter, compared to analyst estimates of $194.57 million. Ducommun had a net margin of 2.95% and a return on equity of 6.79%. Ducommun’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 EPS. Equities analysts anticipate that Ducommun Incorporated will post 2.93 EPS for the current year.

Insider Buying and Selling at Ducommun

In other Ducommun news, VP Jerry L. Redondo sold 770 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $64.20, for a total value of $49,434.00. Following the transaction, the vice president now directly owns 63,826 shares in the company, valued at approximately $4,097,629.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ducommun news, VP Jerry L. Redondo sold 770 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $64.20, for a total value of $49,434.00. Following the transaction, the vice president now directly owns 63,826 shares in the company, valued at approximately $4,097,629.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jerry L. Redondo sold 3,300 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $60.69, for a total transaction of $200,277.00. Following the completion of the transaction, the vice president now owns 63,826 shares in the company, valued at $3,873,599.94. The disclosure for this sale can be found here. 8.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ducommun

Several large investors have recently made changes to their positions in DCO. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ducommun by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 188,363 shares of the aerospace company’s stock worth $9,806,000 after acquiring an additional 10,090 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Ducommun by 535.3% in the 4th quarter. BNP Paribas Financial Markets now owns 16,645 shares of the aerospace company’s stock worth $867,000 after acquiring an additional 14,025 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ducommun by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,016,433 shares of the aerospace company’s stock worth $52,916,000 after acquiring an additional 17,897 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Ducommun by 17.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,133 shares of the aerospace company’s stock worth $580,000 after acquiring an additional 1,675 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Ducommun in the 4th quarter worth approximately $476,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

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.