StockNews.com Downgrades Ducommun (NYSE:DCO) to Buy

Ducommun (NYSE:DCO) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

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

Ducommun Trading Up 2.7 %

DCO opened at $58.94 on Friday. The stock has a market capitalization of $871.10 million, a PE ratio of 29.62 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. Ducommun has a 12-month low of $47.53 and a 12-month high of $70.50. The firm’s fifty day moving average price is $64.89 and its 200 day moving average price is $64.58.

Insider Buying and Selling at Ducommun

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 shares were 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 in the company, valued at approximately $28,488,050. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 8.80% of the company’s stock.

Institutional Investors Weigh In On Ducommun

A number of institutional investors have recently made changes to their positions in DCO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Ducommun by 36.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,456 shares of the aerospace company’s stock worth $1,621,000 after purchasing an additional 6,866 shares during the period. Virtus Fund Advisers LLC bought a new stake in Ducommun during the fourth quarter worth about $78,000. Virtus Investment Advisers Inc. acquired a new position in Ducommun during the fourth quarter valued at approximately $802,000. Two Sigma Investments LP grew its stake in Ducommun by 76.9% in the fourth quarter. Two Sigma Investments LP now owns 73,990 shares of the aerospace company’s stock valued at $4,710,000 after purchasing an additional 32,156 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new position in shares of Ducommun during the 4th quarter worth approximately $217,000. 92.15% of the stock is owned by institutional investors and hedge funds.

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.