Ducommun (NYSE:DCO) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Ducommun Incorporated (NYSE:DCO) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $64.49 and traded as high as $67.03. Ducommun shares last traded at $66.29, with a volume of 53,471 shares.

Analysts Set New Price Targets

Several analysts have commented on DCO shares. StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada began coverage on Ducommun in a research note on Tuesday, December 31st. They set an “outperform” rating and a $72.00 price target for the company. Finally, Truist Financial increased their price target on Ducommun from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ducommun presently has an average rating of “Buy” and an average target price of $76.50.

Ducommun Price Performance

The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $65.38 and a two-hundred day simple moving average of $64.49. The company has a market cap of $979.77 million, a PE ratio of 33.31 and a beta of 1.40.

Insider Activity at Ducommun

In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the firm’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 completion of the sale, the director now owns 409,900 shares of the company’s stock, valued at approximately $28,488,050. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.80% of the company’s stock.

Hedge Funds Weigh In On Ducommun

Large investors have recently made changes to their positions in the stock. AlphaQuest LLC boosted its holdings in Ducommun by 32,550.0% during the fourth quarter. AlphaQuest LLC now owns 5,224 shares of the aerospace company’s stock worth $333,000 after buying an additional 5,208 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Ducommun by 12.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company’s stock valued at $146,000 after acquiring an additional 261 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Ducommun during the 4th quarter worth approximately $6,737,000. US Bancorp DE grew its holdings in shares of Ducommun by 49.9% in the 4th quarter. US Bancorp DE now owns 1,327 shares of the aerospace company’s stock worth $84,000 after acquiring an additional 442 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Ducommun by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 40,454 shares of the aerospace company’s stock valued at $2,575,000 after purchasing an additional 430 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.