Ducommun (NYSE:DCO) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Ducommun (NYSE:DCO) from a buy rating to a strong-buy rating in a report released on Tuesday morning.

A number of other research analysts also recently issued reports on the stock. The Goldman Sachs Group raised shares of Ducommun from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $64.00 to $80.00 in a research report on Tuesday, August 13th. Truist Financial upped their price objective on shares of Ducommun from $71.00 to $80.00 and gave the company a “buy” rating in a report on Friday, November 8th. Four research 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, Ducommun currently has an average rating of “Buy” and an average price target of $73.00.

Ducommun Trading Down 1.9 %

Shares of DCO opened at $66.59 on Tuesday. Ducommun has a 1-year low of $47.53 and a 1-year high of $70.04. The company has a 50-day moving average of $64.22 and a 200 day moving average of $61.29. The firm has a market capitalization of $984.13 million, a price-to-earnings ratio of 33.46 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 1.97.

Insider Transactions at Ducommun

In other Ducommun news, CEO Stephen G. Oswald sold 1,200 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $66.32, for a total value of $79,584.00. Following the transaction, the chief executive officer now directly owns 341,151 shares in the company, valued at approximately $22,625,134.32. This represents a 0.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.80% of the company’s stock.

Institutional Trading of Ducommun

A number of institutional investors and hedge funds have recently bought and sold shares of DCO. Wellington Management Group LLP bought a new position in Ducommun during the third quarter worth $8,990,000. RDST Capital LLC increased its holdings in shares of Ducommun by 16.8% during the second quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock valued at $31,369,000 after purchasing an additional 77,595 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in Ducommun by 70.4% during the second quarter. Diamond Hill Capital Management Inc. now owns 112,664 shares of the aerospace company’s stock worth $6,541,000 after acquiring an additional 46,544 shares during the period. Barclays PLC grew its holdings in Ducommun by 137.2% during the third quarter. Barclays PLC now owns 53,382 shares of the aerospace company’s stock worth $3,514,000 after acquiring an additional 30,873 shares during the period. Finally, Jane Street Group LLC grew its holdings in Ducommun by 140.4% during the third 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. Institutional investors and hedge funds 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.