Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Has Ducommun (DCO) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Ducommun is one of 76 companies in the Aerospace group. The Aerospace group currently sits at #2 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Ducommun is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for DCO's full-year earnings has moved 4.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, DCO has moved about 76.7% on a year-to-date basis. In comparison, Aerospace companies have returned an average of -7.9%. As we can see, Ducommun is performing better than its sector in the calendar year.
Lockheed Martin (LMT) is another Aerospace stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 10.7%.
The consensus estimate for Lockheed Martin's current year EPS has increased 1.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Ducommun is a member of the Aerospace - Defense Equipment industry, which includes 36 individual companies and currently sits at #43 in the Zacks Industry Rank. On average, stocks in this group have lost 5.7% this year, meaning that DCO is performing better in terms of year-to-date returns.
Lockheed Martin, however, belongs to the Aerospace - Defense industry. Currently, this 39-stock industry is ranked #102. The industry has moved -8.9% so far this year.
Investors with an interest in Aerospace stocks should continue to track Ducommun and Lockheed Martin. These stocks will be looking to continue their solid performance.
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Ducommun Incorporated (DCO): Free Stock Analysis Report
Lockheed Martin Corporation (LMT): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).