Ducommun (NYSE:DCO) Reaches New 12-Month High – What’s Next?

Ducommun Incorporated (NYSE:DCO)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $125.79 and last traded at $124.45, with a volume of 2658 shares changing hands. The stock had previously closed at $123.96.

Analysts Set New Price Targets

DCO has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Ducommun from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Wall Street Zen downgraded Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ducommun in a report on Monday, December 29th. Citigroup raised their price objective on shares of Ducommun from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Finally, The Goldman Sachs Group upped their target price on shares of Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.00.

Ducommun Price Performance

The company has a quick ratio of 1.46, a current ratio of 2.04 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average is $106.65 and its 200-day moving average is $97.37. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of -53.63 and a beta of 1.05.

Insider Activity

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total transaction of $185,720.00. Following the sale, the vice president directly owned 65,269 shares of the company’s stock, valued at approximately $6,060,879.34. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ducommun

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Ducommun in the 3rd quarter valued at about $849,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of Ducommun by 39.7% during 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 purchasing an additional 11,130 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Ducommun during the second quarter valued at approximately $4,318,000. Geode Capital Management LLC increased its holdings in shares of Ducommun by 1.8% in the second quarter. Geode Capital Management LLC now owns 325,079 shares of the aerospace company’s stock valued at $26,865,000 after purchasing an additional 5,725 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its position 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 during the last quarter. Institutional investors own 92.15% of the company’s stock.

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.