Ducommun (NYSE:DCO) Hits New 1-Year High After Analyst Upgrade

Shares of Ducommun Incorporated (NYSE:DCO) hit a new 52-week high during trading 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 trading hands. The stock had previously closed at $126.18.

A number of other equities analysts also recently commented on the company. 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 report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ducommun in a research note on Monday, December 29th. Citigroup raised their price objective on Ducommun from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Finally, Wall Street Zen cut Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Ducommun currently has a consensus rating of “Moderate Buy” and an average target price of $123.50.

Insider Buying and Selling

In other 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 value of $185,720.00. Following the sale, the vice president owned 65,269 shares of the company’s stock, valued at approximately $6,060,879.34. This represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cornerstone Planning Group LLC boosted its position in shares of Ducommun by 6,725.0% during the third quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 269 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares in the last quarter. Traub Capital Management LLC acquired a new position in Ducommun during the second quarter worth $35,000. Financial Consulate Inc. bought a new position in Ducommun in the third quarter valued at $48,000. Finally, CWM LLC increased its stake in Ducommun by 27.7% in the 2nd quarter. CWM LLC now owns 687 shares of the aerospace company’s stock valued at $57,000 after buying an additional 149 shares during the last quarter. Institutional investors own 92.15% of the company’s stock.

Ducommun Stock Down 1.4%

The stock has a market capitalization of $1.86 billion, a P/E ratio of -52.95 and a beta of 1.05. The firm’s 50-day simple moving average is $109.22 and its 200 day simple moving average is $98.34. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.46 and a current ratio of 2.04.

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.