Ducommun (NYSE:DCO) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Ducommun Incorporated (NYSE:DCO) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $136.51 and traded as high as $172.30. Ducommun shares last traded at $168.5750, with a volume of 307,954 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DCO shares. B. Riley Financial upped their price objective on Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Weiss Ratings cut Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 8th. Citigroup boosted their target price on Ducommun from $167.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Wall Street Zen raised Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, Royal Bank Of Canada cut shares of Ducommun from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $155.00 to $175.00 in a research report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Ducommun presently has an average rating of “Moderate Buy” and an average target price of $175.80.

Ducommun Stock Performance

The firm has a market capitalization of $2.54 billion, a P/E ratio of -71.43 and a beta of 1.03. The company has a 50-day simple moving average of $160.20 and a two-hundred day simple moving average of $136.51. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.59 and a current ratio of 3.67.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.07. The company had revenue of $209.02 million for the quarter, compared to analyst estimates of $199.61 million. Ducommun had a positive return on equity of 8.41% and a negative net margin of 4.11%.The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share. As a group, equities analysts forecast that Ducommun Incorporated will post 4.07 EPS for the current year.

Insider Buying and Selling at Ducommun

In other Ducommun news, VP Rajiv A. Tata sold 1,612 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total transaction of $233,740.00. Following the completion of the transaction, the vice president owned 33,171 shares of the company’s stock, valued at approximately $4,809,795. This trade represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Laureen S. Gonzalez sold 589 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $151.99, for a total transaction of $89,522.11. Following the sale, the vice president owned 11,172 shares in the company, valued at approximately $1,698,032.28. This trade represents a 5.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 7,883 shares of company stock valued at $1,200,336. 5.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ducommun

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Ducommun by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock valued at $80,134,000 after purchasing an additional 19,143 shares in the last quarter. State Street Corp grew its position in Ducommun by 10.4% in the 4th quarter. State Street Corp now owns 670,966 shares of the aerospace company’s stock worth $63,829,000 after purchasing an additional 63,070 shares during the period. Geode Capital Management LLC raised its stake in Ducommun by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 333,371 shares of the aerospace company’s stock valued at $31,720,000 after buying an additional 5,899 shares during the last quarter. GW&K Investment Management LLC lifted its holdings in shares of Ducommun by 2.0% during the 4th quarter. GW&K Investment Management LLC now owns 319,772 shares of the aerospace company’s stock valued at $30,420,000 after buying an additional 6,192 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Ducommun by 5.4% during the 3rd quarter. Alliancebernstein L.P. now owns 319,470 shares of the aerospace company’s stock valued at $30,711,000 after buying an additional 16,501 shares during the period. 92.15% of the stock is currently owned by institutional investors.

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.