Ducommun (NYSE:DCO) Stock Rating Upgraded by StockNews.com

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

DCO has been the subject of several other reports. Truist Financial boosted 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. The Goldman Sachs Group upgraded shares of Ducommun from a “neutral” rating to a “buy” rating and increased their price target for the stock from $64.00 to $80.00 in a research report on Tuesday, August 13th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Ducommun presently has a consensus rating of “Buy” and an average price target of $73.00.

Ducommun Stock Down 0.6 %

DCO opened at $67.73 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 firm has a 50 day moving average price of $64.02 and a 200-day moving average price of $61.20. Ducommun has a twelve month low of $47.53 and a twelve month high of $70.04. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 34.12 and a beta of 1.39.

Insider Activity at Ducommun

In related news, CEO Stephen G. Oswald sold 1,200 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $66.32, for a total transaction of $79,584.00. Following the completion of the transaction, the chief executive officer now directly owns 341,151 shares of the company’s stock, valued at approximately $22,625,134.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 8.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ducommun

Institutional investors and hedge funds have recently made changes to their positions in the business. Eastern Bank purchased a new position in shares of Ducommun in the 3rd quarter worth $118,000. Quantbot Technologies LP bought a new stake in shares of Ducommun in the 3rd quarter worth about $132,000. EntryPoint Capital LLC lifted its holdings in shares of Ducommun by 323.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company’s stock worth $129,000 after acquiring an additional 1,914 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Ducommun in the 3rd quarter worth about $213,000. Finally, Arizona State Retirement System bought a new stake in shares of Ducommun in the 2nd quarter worth about $202,000. 92.15% of the stock is owned by hedge funds and other 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.