Ducommun (NYSE:DCO) Hits New 1-Year High at $67.00

Ducommun Incorporated (NYSE:DCO)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $67.00 and last traded at $66.82, with a volume of 14870 shares changing hands. The stock had previously closed at $65.60.

Wall Street Analysts Forecast Growth

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

Ducommun Trading Up 1.7 %

The company has a market capitalization of $981.70 million, a P/E ratio of 55.73 and a beta of 1.38. The company has a quick ratio of 1.97, a current ratio of 3.06 and a debt-to-equity ratio of 0.38. The firm’s 50-day moving average price is $63.63 and its 200 day moving average price is $58.69.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.20. The business had revenue of $197.00 million during the quarter, compared to the consensus estimate of $194.57 million. Ducommun had a return on equity of 6.79% and a net margin of 2.95%. Ducommun’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 earnings per share. As a group, equities research analysts predict that Ducommun Incorporated will post 2.93 earnings per share for the current year.

Insider Activity

In related news, CEO Stephen G. Oswald sold 1,200 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $66.32, for a total transaction of $79,584.00. Following the completion of the transaction, the chief executive officer now owns 341,151 shares in the company, valued at $22,625,134.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, VP Jerry L. Redondo sold 770 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $64.20, for a total value of $49,434.00. Following the completion of the transaction, the vice president now directly owns 63,826 shares in the company, valued at $4,097,629.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen G. Oswald sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $66.32, for a total value of $79,584.00. Following the completion of the sale, the chief executive officer now owns 341,151 shares of the company’s stock, valued at approximately $22,625,134.32. 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 three months. Corporate insiders own 8.80% of the company’s stock.

Institutional Trading of Ducommun

A number of institutional investors have recently modified their holdings of DCO. Bragg Financial Advisors Inc lifted its holdings in Ducommun by 0.3% in the fourth quarter. Bragg Financial Advisors Inc now owns 100,187 shares of the aerospace company’s stock worth $5,216,000 after buying an additional 260 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Ducommun by 2.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 24,834 shares of the aerospace company’s stock valued at $1,274,000 after purchasing an additional 553 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Ducommun by 8.0% during the first quarter. Russell Investments Group Ltd. now owns 7,839 shares of the aerospace company’s stock valued at $402,000 after purchasing an additional 584 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Ducommun by 9.0% in the first quarter. Janney Montgomery Scott LLC now owns 12,132 shares of the aerospace company’s stock worth $622,000 after purchasing an additional 999 shares during the period. Finally, Rhumbline Advisers raised its holdings in Ducommun by 4.7% in the second quarter. Rhumbline Advisers now owns 23,934 shares of the aerospace company’s stock worth $1,390,000 after purchasing an additional 1,067 shares in the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

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.