Ducommun (NYSE:DCO) Trading Up 3.8% – Time to Buy?

Ducommun Incorporated (NYSE:DCO)’s stock price rose 3.8% during trading on Tuesday . The stock traded as high as $63.51 and last traded at $63.26. Approximately 66,405 shares changed hands during trading, a decline of 22% from the average daily volume of 85,430 shares. The stock had previously closed at $60.95.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DCO. Royal Bank of Canada started coverage on shares of Ducommun in a report on Tuesday. They issued an “outperform” rating and a $72.00 target price on the stock. StockNews.com upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Finally, Truist Financial boosted their price objective on Ducommun from $71.00 to $80.00 and gave the stock 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 data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $76.00.

Ducommun Stock Up 4.2 %

The company has a market cap of $938.91 million, a P/E ratio of 31.92 and a beta of 1.41. The firm’s 50 day moving average price is $64.08 and its two-hundred day moving average price is $62.92. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21.

Insider Buying and Selling

In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the firm’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 sale, the director now owns 409,900 shares in the company, valued at $28,488,050. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.80% of the stock is owned by insiders.

Institutional Trading of Ducommun

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DCO. RDST Capital LLC grew its position in shares of Ducommun by 16.8% during the 2nd quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock valued at $31,369,000 after acquiring an additional 77,595 shares during the period. Geode Capital Management LLC increased its holdings in shares of Ducommun by 0.5% in the third quarter. Geode Capital Management LLC now owns 310,704 shares of the aerospace company’s stock worth $20,458,000 after purchasing an additional 1,610 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of Ducommun by 2.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 223,979 shares of the aerospace company’s stock valued at $13,004,000 after acquiring an additional 4,500 shares during the last quarter. Meros Investment Management LP increased its holdings in shares of Ducommun by 1.4% in the 2nd quarter. Meros Investment Management LP now owns 206,449 shares of the aerospace company’s stock worth $11,986,000 after buying an additional 2,880 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Ducommun in the 3rd quarter worth approximately $8,990,000. 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.