Ducommun Incorporated (DCO)

Ducommun, Inc.'s stock has experienced positive momentum, with a 50.65% increase between October 2024 and October 2025, reaching a 52-week high of $98.25 on October 24, 2025. Analysts have issued a "Moderate Buy" rating with an average target price of $97.50. In Q2 CY2025, the company reported an EPS of $0.88, surpassing expectations, and a year-over-year revenue growth of 2.7%, with revenue at $202.26 million, driven by the defense business.

Demand for Ducommun, Inc.'s products is driven by the aerospace and defense markets, influenced by military spending, air travel growth, and new aircraft development. While long-term contracts provide revenue stability, the company faces risks from program delays or cancellations. Backlog growth has been relatively weak, and revenue growth has been sluggish. Strength in the defense business has offset headwinds in commercial aerospace OEM demand, with destocking in the supply chain expected to improve by mid-2026.

Ducommun, Inc. is a global provider of engineering and manufacturing services, specializing in electronic, engineered, and structural solutions for aerospace and defense, industrial, and medical markets. The company operates through two segments: Electronic Systems and Structural Systems. The Electronic Systems segment offers cable assemblies, PCBAs, electronic components, lightning diversion systems, and wire harnesses. The Structural Systems segment designs and manufactures aerostructure components and assemblies, including winglets, fuselage panels, and engine components, utilized across commercial and military aircraft, missile defense programs, and medical applications.

Ducommun, Inc. is headquartered in Costa Mesa, California, and operates 15 manufacturing performance centers across the United States. It also has one international operation in Guaymas, Mexico, with 95% of its revenue derived from U.S. operations.

Ducommun, Inc. has a strong brand reputation as the oldest continuously operating business in California, founded in 1849. The company celebrated its 175th anniversary in October 2024 by ringing the Closing Bell at the New York Stock Exchange. The current management team, in place since January 2017, has led the company to record revenue levels and tripled its market capitalization. Analyst ratings are generally positive, with a "Moderate Buy" consensus.

Ducommun, Inc. is primarily held by institutional investors, owning approximately 92.15% of the stock. Major institutional owners include BlackRock, Inc., Paradigm Capital Management Inc/ny, Dimensional Fund Advisors Lp, Vanguard Group Inc, Gamco Investors, Inc. Et Al, RDST Capital LLC, State Street Corp, and Geode Capital Management, Llc. Individual investors hold about 7.83% of the shares, including Robert C. Ducommun and Stephen G. Oswald.