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Ducommun Incorporated (DCO)

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Upturn Advisory Summary
12/10/2025: DCO (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $108
1 Year Target Price $108
| 3 | Strong Buy |
| 2 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 29.35% | Avg. Invested days 52 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.36B USD | Price to earnings Ratio - | 1Y Target Price 108 |
Price to earnings Ratio - | 1Y Target Price 108 | ||
Volume (30-day avg) 5 | Beta 1.08 | 52 Weeks Range 51.76 - 101.47 | Updated Date 12/9/2025 |
52 Weeks Range 51.76 - 101.47 | Updated Date 12/9/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -2.32 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -4.29% | Operating Margin (TTM) 9.51% |
Management Effectiveness
Return on Assets (TTM) 3.59% | Return on Equity (TTM) -5.26% |
Valuation
Trailing PE - | Forward PE 20.16 | Enterprise Value 1566594443 | Price to Sales(TTM) 1.68 |
Enterprise Value 1566594443 | Price to Sales(TTM) 1.68 | ||
Enterprise Value to Revenue 1.94 | Enterprise Value to EBITDA 17.14 | Shares Outstanding 14946052 | Shares Floating 13745884 |
Shares Outstanding 14946052 | Shares Floating 13745884 | ||
Percent Insiders 8.13 | Percent Institutions 93.69 |
Upturn AI SWOT
Ducommun Incorporated

Company Overview
History and Background
Ducommun Incorporated was founded in 1840 by Charles Ducommun as a watchmaking business in California. Over its long history, it has evolved significantly, transitioning from its origins in precision manufacturing to become a diversified global provider of engineered solutions. Key milestones include its early contributions to American industry and its strategic shift towards supplying critical components and subsystems to the aerospace, defense, and industrial markets.
Core Business Areas
- Aerospace & Defense: This segment focuses on providing critical manufactured components, complex assemblies, and subsystems for commercial aerospace, military aerospace, and defense platforms. Products include flight-critical structures, propulsion components, and electronic systems.
- Industrial: This segment serves a variety of industrial markets, including medical, energy, and general industrial applications. They provide specialized metal products, engineered components, and value-added services to these sectors.
Leadership and Structure
Ducommun Incorporated is led by a seasoned executive team, including a Chief Executive Officer (CEO), Chief Financial Officer (CFO), and various divisional leaders responsible for the company's core business segments. The company operates with a divisional structure, allowing for specialized focus within its Aerospace & Defense and Industrial segments.
Top Products and Market Share
Key Offerings
- Aerospace Components and Assemblies: Ducommun manufactures a wide range of precision-engineered components and complex assemblies for aircraft and defense systems. This includes structural components, engine parts, and electronic enclosures. Competitors include companies like Triumph Group (TGI), Arconic Corporation (ARNC), and Transdigm Group (TDG).
- Engineered Metal Products: For its industrial segment, Ducommun offers custom-engineered metal products such as stampings, deep-drawn parts, and fabricated assemblies for medical devices, energy exploration equipment, and general industrial machinery. Competitors vary by specific industrial niche but can include companies like Methode Electronics (MEI) and others specializing in metal fabrication and stamping.
Market Dynamics
Industry Overview
Ducommun operates within the highly specialized and cyclical aerospace, defense, and industrial manufacturing sectors. The aerospace and defense industry is characterized by long product lifecycles, stringent regulatory requirements, and significant government spending. The industrial sector is driven by broader economic trends, technological advancements, and demand from various end markets like healthcare and energy.
Positioning
Ducommun is positioned as a trusted supplier of critical, high-complexity components and subsystems. Its competitive advantages lie in its extensive engineering expertise, long-standing customer relationships, advanced manufacturing capabilities, and adherence to strict quality and regulatory standards, particularly in the aerospace and defense sector.
Total Addressable Market (TAM)
The TAM for Ducommun's core markets (aerospace, defense, and specialized industrial manufacturing) is substantial, estimated in the hundreds of billions of dollars globally. Ducommun's position is that of a niche provider within this large market, focusing on specific segments where its expertise and capabilities offer a strong value proposition. Its success is tied to its ability to secure and maintain contracts within these segments, rather than capturing a broad market share across the entire TAM.
Upturn SWOT Analysis
Strengths
- Long history and established reputation in precision manufacturing.
- Strong relationships with major aerospace and defense OEMs.
- Diverse product portfolio serving multiple end markets.
- Advanced engineering and manufacturing capabilities.
- Commitment to quality and regulatory compliance.
Weaknesses
- Dependence on a few large customers in the aerospace and defense sector.
- Susceptibility to fluctuations in defense spending and commercial aerospace build rates.
- Integration challenges with past acquisitions.
- Potential for higher operating costs due to specialized manufacturing processes.
Opportunities
- Growth in defense spending and modernization programs.
- Expansion of commercial aerospace market post-pandemic.
- Increased demand for advanced materials and complex assemblies.
- Leveraging existing capabilities for new industrial applications.
- Strategic acquisitions to expand product offerings or market reach.
Threats
- Intense competition from both large and specialized manufacturers.
- Supply chain disruptions and rising material costs.
- Economic downturns impacting industrial demand.
- Changes in government procurement policies.
- Technological obsolescence and the need for continuous innovation.
Competitors and Market Share
Key Competitors
- Triumph Group Inc. (TGI)
- Arconic Corporation (ARNC)
- Transdigm Group Inc. (TDG)
Competitive Landscape
Ducommun faces a competitive landscape with larger, more diversified players and smaller, specialized manufacturers. Its competitive advantages are its deep engineering expertise, established customer trust, and its ability to handle complex, high-specification manufacturing. However, its smaller scale compared to some competitors can be a disadvantage in securing very large contracts or achieving economies of scale. Its focus on niche, high-value applications allows it to differentiate itself.
Major Acquisitions
Composite Solutions Inc. (CSI)
- Year: 2021
- Acquisition Price (USD millions): 30
- Strategic Rationale: To expand Ducommun's capabilities in advanced composite structures for the aerospace industry and enhance its offering in high-performance materials.
Kaman's Composites Division
- Year: 2022
- Acquisition Price (USD millions): 175
- Strategic Rationale: To significantly expand Ducommun's aerospace and defense composite manufacturing capabilities and broaden its customer base.
Growth Trajectory and Initiatives
Historical Growth: Ducommun has experienced periods of growth driven by its participation in key defense programs and the commercial aerospace market. Its historical growth trajectory has also been shaped by strategic acquisitions aimed at expanding its capabilities and market access. However, its performance can be cyclical, mirroring the broader industry trends.
Future Projections: Future growth projections for Ducommun are typically influenced by analyst expectations regarding defense spending, commercial aerospace recovery, and demand in its industrial segments. Analysts often consider factors such as backlog, new program wins, and the company's ability to execute its strategic initiatives to forecast future revenue and earnings growth.
Recent Initiatives: Ducommun has been engaged in initiatives to enhance operational efficiency, expand its product offerings through R&D and strategic investments, and pursue bolt-on acquisitions to strengthen its market position in key areas of aerospace, defense, and industrial manufacturing.
Summary
Ducommun Incorporated is a well-established provider of engineered solutions in the aerospace, defense, and industrial sectors. Its strengths lie in its engineering expertise and long-standing customer relationships, particularly in aerospace. However, it faces challenges from competition, market cyclicality, and supply chain risks. Continued focus on operational efficiency, strategic acquisitions, and innovation will be crucial for its sustained growth and resilience.
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Sources and Disclaimers
Data Sources:
- Company Investor Relations Website
- SEC Filings (10-K, 10-Q)
- Industry Analysis Reports
- Financial News and Data Providers
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute financial advice. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Ducommun Incorporated
Exchange NYSE | Headquaters Costa Mesa, CA, United States | ||
IPO Launch date 1973-05-03 | Chairman, President & CEO Mr. Stephen G. Oswald | ||
Sector Industrials | Industry Aerospace & Defense | Full time employees 2180 | Website https://www.ducommun.com |
Full time employees 2180 | Website https://www.ducommun.com | ||
Ducommun Incorporated provides engineering and manufacturing services for products and applications used in the aerospace and defense, industrial, medical, and other industries in the United States. It operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, wire harnesses, lightning diversion strips, surge suppressors, conformal shields, and other assemblies. This segment also supplies engineered products, including illuminated pushbutton switches and panels for aviation and test systems; microwave and millimeter switches and filters for radio frequency systems and test instrumentation; and motors and resolvers for motion control, as well as provides engineering service for aerospace system design, development, integration, and testing service. The Structural Systems segment designs, engineers, and manufactures contoured aluminum, titanium, and Inconel aero structure components; structural assembly products, such as winglets, engine components, and fuselage structural panels; aerodynamic systems; and metal and composite bonded structures and assemblies comprising aircraft wing spoilers, large fuselage skins, rotor blades on rotary-wing aircraft and components, flight control surfaces, engine components, ammunition handling systems, and magnetic seals. It serves commercial aircraft, military fixed-wing aircraft, military and commercial rotary-wing aircraft, and space programs. The company was founded in 1849 and is headquartered in Costa Mesa, California.

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