Ducommun (NYSE:DCO) Reaches New 12-Month High on Analyst Upgrade

Ducommun Incorporated (NYSE:DCO) hit a new 52-week high on Monday after Royal Bank Of Canada raised their price target on the stock from $100.00 to $142.00. Royal Bank Of Canada currently has an outperform rating on the stock. Ducommun traded as high as $128.17 and last traded at $126.3830, with a volume of 131951 shares traded. The stock had previously closed at $126.18.

Several other brokerages have also commented on DCO. Wall Street Zen lowered Ducommun from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Citigroup raised their target price on Ducommun from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Zacks Research upgraded Ducommun from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a research note on Wednesday, January 28th. Finally, The Goldman Sachs Group raised their price objective on shares of Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Ducommun currently has a consensus rating of “Moderate Buy” and an average target price of $123.50.

Insider Buying and Selling at Ducommun

In related news, VP Jerry L. Redondo sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $92.86, for a total transaction of $185,720.00. Following the completion of the transaction, the vice president directly owned 65,269 shares in the company, valued at approximately $6,060,879.34. The trade was a 2.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ducommun

Several large investors have recently added to or reduced their stakes in DCO. Alliancebernstein L.P. increased its stake in shares of Ducommun by 1,993.3% in the second quarter. Alliancebernstein L.P. now owns 302,969 shares of the aerospace company’s stock worth $25,034,000 after purchasing an additional 288,496 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in Ducommun in the 4th quarter worth $26,028,000. Ophir Asset Management Pty Ltd purchased a new stake in Ducommun in the 2nd quarter worth $22,151,000. Brown Advisory Inc. purchased a new stake in Ducommun in the 2nd quarter worth $17,025,000. Finally, Aberdeen Group plc bought a new stake in Ducommun during the third quarter valued at about $19,035,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Ducommun Stock Down 1.6%

The firm has a market capitalization of $1.86 billion, a PE ratio of -53.24 and a beta of 1.05. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.04 and a quick ratio of 1.46. The company has a 50-day moving average price of $109.85 and a 200 day moving average price of $98.57.

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.