Ducommun (NYSE:DCO) Earns Outperform Rating from Analysts at Royal Bank of Canada

Royal Bank of Canada began coverage on shares of Ducommun (NYSE:DCO) in a report released on Tuesday. The brokerage issued an outperform rating and a $72.00 price target on the aerospace company’s stock.

A number of other research analysts have also commented on the stock. StockNews.com raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Truist Financial upped their price target on Ducommun from $71.00 to $80.00 and gave the company a “buy” rating in a report on Friday, November 8th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $76.00.

Ducommun Price Performance

NYSE:DCO opened at $63.59 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. Ducommun has a one year low of $47.53 and a one year high of $70.50. The company has a fifty day moving average price of $64.18 and a 200 day moving average price of $62.98. The stock has a market cap of $939.80 million, a P/E ratio of 31.95 and a beta of 1.41.

Insider Transactions at Ducommun

In related news, Director Robert C. Ducommun sold 1,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $69.50, for a total value of $69,500.00. Following the sale, the director now owns 409,900 shares of the company’s stock, valued at $28,488,050. The trade was a 0.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Point72 DIFC Ltd grew its holdings in shares of Ducommun by 591.2% in the 3rd quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company’s stock worth $52,000 after purchasing an additional 674 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Ducommun in the third quarter valued at about $80,000. Eastern Bank bought a new stake in Ducommun during the third quarter worth about $118,000. Quantbot Technologies LP acquired a new stake in shares of Ducommun during the third quarter worth approximately $132,000. Finally, Virtu Financial LLC bought a new position in shares of Ducommun in the third quarter valued at approximately $204,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Ducommun Company Profile

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.