Ducommun (NYSE:DCO) Upgraded 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.

DCO has been the topic of several other research reports. The Goldman Sachs Group raised Ducommun from a “neutral” rating to a “buy” rating and boosted their price target for the company from $64.00 to $80.00 in a research note on Tuesday, August 13th. Truist Financial increased their price target 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 issued a strong buy rating to the company. Based on data from MarketBeat, Ducommun has a consensus rating of “Buy” and an average target price of $73.00.

Ducommun Stock Performance

Shares of NYSE DCO opened at $66.59 on Tuesday. The company has a quick ratio of 1.97, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $64.22 and its two-hundred day moving average is $61.29. The company has a market cap of $984.13 million, a P/E ratio of 33.46 and a beta of 1.39. Ducommun has a 12 month low of $47.53 and a 12 month high of $70.04.

Insiders Place Their Bets

In related news, CEO Stephen G. Oswald sold 1,200 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $66.32, for a total value of $79,584.00. Following the completion of the sale, the chief executive officer now directly owns 341,151 shares of the company’s stock, valued at $22,625,134.32. The trade was a 0.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 8.80% of the company’s stock.

Hedge Funds Weigh In On Ducommun

A number of large investors have recently made changes to their positions in the stock. Barclays PLC raised its position 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 purchasing an additional 30,873 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Ducommun by 140.4% during the third quarter. Jane Street Group LLC now owns 34,655 shares of the aerospace company’s stock valued at $2,281,000 after purchasing an additional 20,240 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Ducommun during the third quarter valued at approximately $8,990,000. Point72 DIFC Ltd raised its holdings in Ducommun by 591.2% in the 3rd quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company’s stock worth $52,000 after acquiring an additional 674 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Ducommun during the 3rd quarter valued at $80,000. 92.15% of the stock is 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.