StockNews.com Upgrades Ducommun (NYSE:DCO) to “Strong-Buy”

Ducommun (NYSE:DCO) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.

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

Ducommun Stock Performance

Shares of Ducommun stock opened at $58.60 on Thursday. Ducommun has a 52 week low of $48.21 and a 52 week high of $70.50. The company has a market cap of $871.02 million, a PE ratio of 29.45 and a beta of 1.56. The business has a 50 day moving average price of $62.75 and a 200-day moving average price of $63.86. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37.

Institutional Trading of Ducommun

A number of hedge funds have recently made changes to their positions in DCO. Rafferty Asset Management LLC boosted its stake in Ducommun by 4.9% in the fourth quarter. Rafferty Asset Management LLC now owns 3,481 shares of the aerospace company’s stock worth $222,000 after buying an additional 164 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Ducommun by 3.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,731 shares of the aerospace company’s stock worth $492,000 after acquiring an additional 247 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Ducommun by 12.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company’s stock worth $146,000 after acquiring an additional 261 shares during the last quarter. Pathstone Holdings LLC boosted its stake in shares of Ducommun by 1.1% in the 3rd quarter. Pathstone Holdings LLC now owns 28,375 shares of the aerospace company’s stock valued at $1,868,000 after purchasing an additional 319 shares in the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of Ducommun by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 386 shares during the last quarter. 92.15% of the stock is owned by institutional investors.

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.