Ducommun (NYSE:DCO) Upgraded at StockNews.com

StockNews.com upgraded shares of Ducommun (NYSE:DCO) from a buy rating to a strong-buy rating in a research note released on Tuesday morning.

DCO has been the topic of a number of other research reports. Truist Financial increased their price objective on shares of Ducommun from $71.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. The Goldman Sachs Group raised shares of Ducommun from a “neutral” rating to a “buy” rating and raised their price target for the company from $64.00 to $80.00 in a research report on Tuesday, August 13th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $73.00.

Ducommun Trading Down 1.9 %

NYSE DCO traded down $1.31 on Tuesday, reaching $66.58. The company had a trading volume of 17,223 shares, compared to its average volume of 78,611. The firm has a market cap of $984.05 million, a price-to-earnings ratio of 34.11 and a beta of 1.39. Ducommun has a fifty-two week low of $47.53 and a fifty-two week high of $70.04. The business has a 50 day moving average of $64.11 and a two-hundred day moving average of $61.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 1.97.

Insider Transactions at Ducommun

In related news, CEO Stephen G. Oswald sold 1,200 shares of Ducommun stock in a transaction on Friday, September 20th. The shares were sold at an average price of $66.32, for a total value of $79,584.00. Following the transaction, the chief executive officer now owns 341,151 shares in the company, valued at $22,625,134.32. This trade represents a 0.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ducommun

Large investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Ducommun in the third quarter valued at about $80,000. Martingale Asset Management L P boosted its stake in shares of Ducommun by 23.5% during the 3rd quarter. Martingale Asset Management L P now owns 22,278 shares of the aerospace company’s stock valued at $1,467,000 after purchasing an additional 4,234 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Ducommun during the 3rd quarter valued at about $132,000. FMR LLC boosted its stake in shares of Ducommun by 46.1% during the 3rd quarter. FMR LLC now owns 44,331 shares of the aerospace company’s stock valued at $2,918,000 after purchasing an additional 13,989 shares in the last quarter. Finally, Algert Global LLC boosted its stake in shares of Ducommun by 6.0% during the 3rd quarter. Algert Global LLC now owns 22,642 shares of the aerospace company’s stock valued at $1,491,000 after purchasing an additional 1,287 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

About Ducommun

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company 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, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.