Ducommun Incorporated (DCO)

Ducommun's Board rejected an acquisition proposal from Albion River LLC in July 2024. In August 2025, the company reported strong second-quarter results driven by its defense business. In November 2025, third-quarter results met revenue expectations but showed a decrease in operating margin due to non-recurring charges, and backlog decreased. Citigroup initiated coverage with a "Buy" rating in December 2025. In January 2026, Ducommun settled a claim related to a fire in Guaymas, Truist raised the price target, and the stock price hit a 52-week high.

Ducommun's demand is primarily driven by market cycles in the aerospace and defense industries rather than seasonal patterns. The company benefits from commercial aerospace and defense demand, supported by production ramp-ups and a focus on higher-margin engineered products. Military and space markets account for a significant portion of its revenue.

Ducommun, Inc. is a global provider of manufacturing and engineering services, specializing in electronic, engineered, and structural solutions for aerospace, defense, and industrial markets. It operates through Electronic Systems and Structural Systems segments, providing products for commercial and military aircraft, helicopters, missile defense programs, and industrial/medical applications. Founded in 1849, it is the oldest operating business in California.

Ducommun's headquarters is in Costa Mesa, California, and it operates 15 manufacturing performance centers across multiple U.S. states, with one international operation in Guaymas, Mexico. Approximately 95% of its revenue comes from U.S. operations.

Ducommun has received positive recognitions, including being honored as a 'Partner2Win' Supplier by BAE Systems, named BAE Systems Supplier of the Year for Vertical Launch Systems, named a Most Responsible Company by Newsweek, and named Best Mid-Sized Company by Time Magazine. No significant negative events impacted its brand reputation beyond the Guaymas fire, which was settled.

Ducommun's ownership includes institutional investors (approximately 74.26% to 78.36%), insiders (about 4.03%), and public/individual investors (around 21.71% to 7.12%). Major institutional owners include BlackRock, Inc., Dimensional Fund Advisors LP, and Vanguard Group Inc.