Truist Financial Issues Positive Forecast for Ducommun (NYSE:DCO) Stock Price

Ducommun (NYSE:DCO) had its price target increased by investment analysts at Truist Financial from $80.00 to $82.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Truist Financial’s price target would indicate a potential upside of 22.94% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada began coverage on shares of Ducommun in a report on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 target price for the company. StockNews.com upgraded shares of Ducommun from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $76.50.

Ducommun Stock Up 1.2 %

Shares of NYSE DCO traded up $0.80 during trading on Tuesday, reaching $66.70. The company had a trading volume of 3,849 shares, compared to its average volume of 74,269. Ducommun has a 12-month low of $47.53 and a 12-month high of $70.50. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average is $64.68 and its 200 day moving average is $63.39. The stock has a market cap of $985.83 million, a PE ratio of 33.52 and a beta of 1.41.

Insider Transactions at Ducommun

In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $69.50, for a total transaction of $69,500.00. Following the completion of the sale, the director now directly owns 409,900 shares in the company, valued at $28,488,050. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 8.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP bought a new stake in shares of Ducommun during the 3rd quarter valued at $8,990,000. RDST Capital LLC increased its stake in Ducommun by 16.8% in the 2nd quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock worth $31,369,000 after buying an additional 77,595 shares in the last quarter. Barclays PLC raised its holdings in Ducommun by 137.2% during the third quarter. Barclays PLC now owns 53,382 shares of the aerospace company’s stock valued at $3,514,000 after acquiring an additional 30,873 shares during the period. Jane Street Group LLC lifted its position in shares of Ducommun by 140.4% in the third quarter. Jane Street Group LLC now owns 34,655 shares of the aerospace company’s stock valued at $2,281,000 after acquiring an additional 20,240 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its stake in shares of Ducommun by 15.7% in the third quarter. Diamond Hill Capital Management Inc. now owns 130,384 shares of the aerospace company’s stock worth $8,583,000 after acquiring an additional 17,720 shares during the period. 92.15% of the stock is currently owned by institutional investors.

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.