Ducommun (NYSE:DCO) Stock Price Crosses Above 200-Day Moving Average of $44.99

Ducommun Incorporated (NYSE:DCOGet Rating)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $44.99 and traded as high as $52.28. Ducommun shares last traded at $51.21, with a volume of 24,138 shares changing hands.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com assumed coverage on Ducommun in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. Truist Financial dropped their price objective on Ducommun from $60.00 to $58.00 in a research note on Wednesday, October 12th.

Ducommun Stock Down 2.0 %

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.80 and a current ratio of 2.75. The stock has a 50 day moving average price of $45.41 and a 200 day moving average price of $44.99. The company has a market cap of $619.64 million, a P/E ratio of 4.77 and a beta of 1.28.

Insider Transactions at Ducommun

In other news, CEO Stephen G. Oswald sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $50.38, for a total value of $100,760.00. Following the sale, the chief executive officer now owns 270,540 shares of the company’s stock, valued at approximately $13,629,805.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Stephen G. Oswald sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $50.38, for a total value of $100,760.00. Following the sale, the chief executive officer now owns 270,540 shares of the company’s stock, valued at approximately $13,629,805.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Christopher D. Wampler sold 1,500 shares of Ducommun stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $44.18, for a total value of $66,270.00. Following the completion of the transaction, the chief financial officer now owns 21,899 shares in the company, valued at $967,497.82. The disclosure for this sale can be found here. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC grew its stake in Ducommun by 376.0% in the third quarter. Quadrant Capital Group LLC now owns 695 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 549 shares in the last quarter. Lazard Asset Management LLC bought a new position in Ducommun during the third quarter valued at about $28,000. Ellevest Inc. increased its stake in Ducommun by 309.0% during the second quarter. Ellevest Inc. now owns 818 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 618 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Ducommun by 104.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,465 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 749 shares during the period. Finally, Quantbot Technologies LP bought a new position in Ducommun during the third quarter valued at about $63,000. Hedge funds and other institutional investors own 85.17% of the company’s stock.

Ducommun Company Profile

(Get Rating)

Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace and defense, industrial, medical, and other industries in the United States. It operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; higher-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, 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.

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