Ducommun (NYSE:DCO) Earns Buy Rating from Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Ducommun (NYSE:DCO – Get Rating) in a note issued to investors on Thursday. The brokerage set a “buy” rating on the aerospace company’s stock.

Other research analysts have also issued research reports about the company. Truist Financial raised their target price on Ducommun from $58.00 to $66.00 in a report on Monday, January 9th. Royal Bank of Canada cut their target price on Ducommun from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, December 9th.

Ducommun Price Performance

Shares of NYSE DCO opened at $51.63 on Thursday. The firm’s 50-day moving average price is $55.15 and its 200-day moving average price is $49.44. Ducommun has a 1-year low of $38.89 and a 1-year high of $58.28. The firm has a market capitalization of $627.30 million, a P/E ratio of 22.06 and a beta of 1.33. The company has a current ratio of 2.64, a quick ratio of 1.79 and a debt-to-equity ratio of 0.46.

Insider Activity at Ducommun

In other Ducommun news, CEO Stephen G. Oswald sold 2,500 shares of the business’s stock in a transaction on Friday, December 16th. The stock was sold at an average price of $48.03, for a total value of $120,075.00. Following the transaction, the chief executive officer now owns 265,006 shares of the company’s stock, valued at $12,728,238.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 10.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Credit Suisse AG raised its stake in shares of Ducommun by 2.5% in the third quarter. Credit Suisse AG now owns 7,760 shares of the aerospace company’s stock valued at $307,000 after buying an additional 191 shares during the period. NorthCrest Asset Manangement LLC raised its stake in shares of Ducommun by 2.7% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 7,600 shares of the aerospace company’s stock valued at $380,000 after purchasing an additional 200 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Ducommun by 7.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 6,398 shares of the aerospace company’s stock valued at $320,000 after purchasing an additional 436 shares during the period. Barclays PLC raised its stake in shares of Ducommun by 2.9% during the 3rd quarter. Barclays PLC now owns 16,492 shares of the aerospace company’s stock valued at $655,000 after purchasing an additional 464 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Ducommun by 0.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 54,294 shares of the aerospace company’s stock valued at $2,845,000 after purchasing an additional 469 shares during the period. Hedge funds and other institutional investors own 83.61% of the company’s stock.

About Ducommun

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Ducommun, Inc engages in the provision of engineering and manufacturing services to the aerospace, defence, industrial, and medical industries. It operates through the Electronic Systems and Structural Systems business segment. The Electronic Systems segment offers electronic and electromechanical products used in worldwide technology-driven markets.