Ducommun (NYSE:DCO) Reaches New 52-Week High – Should You Buy?

Ducommun Incorporated (NYSE:DCO) reached a new 52-week high on Monday . The company traded as high as $123.99 and last traded at $123.6850, with a volume of 107340 shares changing hands. The stock had previously closed at $121.08.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DCO shares. Citigroup boosted their price target on Ducommun from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a report on Wednesday, January 28th. Wall Street Zen raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a report on Saturday. The Goldman Sachs Group raised their price target on Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, Zacks Research upgraded Ducommun from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Ducommun has an average rating of “Moderate Buy” and an average target price of $113.00.

Ducommun Trading Up 1.0%

The stock has a market cap of $1.83 billion, a price-to-earnings ratio of -52.28 and a beta of 1.05. The business has a 50-day simple moving average of $102.81 and a two-hundred day simple moving average of $96.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.04 and a quick ratio of 1.46.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Thursday, November 6th. The aerospace company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. Ducommun had a positive return on equity of 7.70% and a negative net margin of 4.29%.The business had revenue of $212.56 million during the quarter, compared to analysts’ expectations of $211.41 million. During the same period last year, the firm posted $0.67 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities analysts forecast that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Insider Buying and Selling at Ducommun

In related news, VP Jerry L. Redondo sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total value of $185,720.00. Following the completion of the transaction, the vice president owned 65,269 shares of the company’s stock, valued at $6,060,879.34. This represents a 2.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 8.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in Ducommun during the 3rd quarter valued at about $849,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of Ducommun by 39.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 39,132 shares of the aerospace company’s stock valued at $3,762,000 after acquiring an additional 11,130 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Ducommun during the second quarter valued at approximately $4,318,000. Geode Capital Management LLC increased its holdings in Ducommun by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 325,079 shares of the aerospace company’s stock worth $26,865,000 after acquiring an additional 5,725 shares during the period. Finally, Gamco Investors INC. ET AL lifted its stake in Ducommun by 6.5% in the 2nd quarter. Gamco Investors INC. ET AL now owns 626,611 shares of the aerospace company’s stock worth $51,777,000 after purchasing an additional 38,333 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

About Ducommun

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.