Ducommun (NYSE:DCO) Lowered to Buy Rating by StockNews.com

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

Several other research firms have also recently issued reports on DCO. Royal Bank of Canada started coverage on shares of Ducommun in a report on Tuesday, December 31st. They set an “outperform” rating and a $72.00 price target for the company. Truist Financial increased their target price on Ducommun from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th.

Ducommun Price Performance

Shares of NYSE:DCO opened at $56.62 on Tuesday. Ducommun has a one year low of $51.39 and a one year high of $70.50. The stock has a market capitalization of $841.60 million, a price-to-earnings ratio of 28.45 and a beta of 1.27. The company has a 50-day simple moving average of $59.29 and a 200-day simple moving average of $63.04. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Jane Street Group LLC boosted its holdings in Ducommun by 140.4% in the 3rd quarter. Jane Street Group LLC now owns 34,655 shares of the aerospace company’s stock worth $2,281,000 after acquiring an additional 20,240 shares during the period. Barclays PLC lifted its holdings in Ducommun by 137.2% in the 3rd quarter. Barclays PLC now owns 53,382 shares of the aerospace company’s stock worth $3,514,000 after buying an additional 30,873 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 acquiring an additional 1,610 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Ducommun in the 3rd quarter valued at approximately $204,000. Finally, Franklin Resources Inc. raised its holdings in Ducommun by 13.4% in the third quarter. Franklin Resources Inc. now owns 77,712 shares of the aerospace company’s stock valued at $5,023,000 after acquiring an additional 9,187 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

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.