Ducommun (NYSE:DCO) Stock Breaks Below 200-Day Moving Average – Time to Sell?

Ducommun Incorporated (NYSE:DCO) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $153.96 and traded as low as $128.47. Ducommun shares last traded at $131.87, with a volume of 543,424 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DCO shares. B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a research report on Friday, August 7th. Royal Bank Of Canada dropped their price target on Ducommun from $200.00 to $180.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 28th. Wall Street Zen raised Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Guggenheim initiated coverage on Ducommun in a report on Friday, October 9th. They issued a “buy” rating and a $246.00 price objective for the company. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Ducommun in a research report on Monday, August 10th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ducommun presently has a consensus rating of “Moderate Buy” and an average target price of $198.17.

Ducommun Trading Down 15.6%

The stock has a market capitalization of $1.99 billion, a P/E ratio of -70.52 and a beta of 1.11. The stock’s fifty day moving average price is $167.65 and its two-hundred day moving average price is $153.96. The company has a current ratio of 3.36, a quick ratio of 2.38 and a debt-to-equity ratio of 0.39.

Ducommun (NYSE:DCO) last released its earnings results on Thursday, November 5th. The aerospace company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.15 by $0.06. The company had revenue of $227.02 million for the quarter, compared to analyst estimates of $221.93 million. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 EPS. Equities research analysts forecast that Ducommun Incorporated will post 4.26 EPS for the current year.

Insider Transactions at Ducommun

In other Ducommun news, CEO Stephen Oswald sold 2,500 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $203.95, for a total transaction of $509,875.00. Following the completion of the sale, the chief executive officer directly owned 383,864 shares in the company, valued at $78,289,062.80. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 5.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ducommun

A number of hedge funds and other institutional investors have recently modified their holdings of DCO. BlackRock Inc. purchased a new stake in Ducommun in the 2nd quarter worth approximately $359,395,000. Paradigm Capital Management Inc. NY purchased a new position in shares of Ducommun during the second quarter valued at approximately $142,704,000. Moore Capital Management LP purchased a new position in shares of Ducommun during the second quarter valued at approximately $44,236,000. Deutsche Bank AG purchased a new position in shares of Ducommun during the second quarter valued at approximately $41,095,000. Finally, Van ECK Associates Corp raised its holdings in shares of Ducommun by 68.4% during the second quarter. Van ECK Associates Corp now owns 427,603 shares of the aerospace company’s stock valued at $79,196,000 after acquiring an additional 173,616 shares in the last quarter. Institutional investors own 92.15% of the company’s stock.

Ducommun Company Profile

Ducommun Incorporated (NYSE: DCO) is a manufacturer of engineered components, assemblies and systems for the aerospace, defense and space industries. The company supplies products used in commercial aircraft, military platforms, launch vehicles, satellites and other mission-critical applications.

Its offerings include structural components and assemblies, precision-machined parts, composite structures, electronic and electromechanical systems, circuit-card assemblies, wire harnesses and other specialized products.