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

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

Several other research analysts have also recently issued reports on DCO. The Goldman Sachs Group raised Ducommun from a “neutral” rating to a “buy” rating and raised their target price for the stock from $64.00 to $80.00 in a research report on Tuesday, August 13th. Truist Financial raised their target price on Ducommun from $71.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $73.00.

Ducommun Stock Performance

Shares of Ducommun stock traded down $1.18 during trading on Tuesday, hitting $68.00. 147,111 shares of the company’s stock traded hands, compared to its average volume of 78,017. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.06 and a quick ratio of 1.97. Ducommun has a 1 year low of $47.27 and a 1 year high of $70.04. The stock has a market capitalization of $1.00 billion, a P/E ratio of 34.17 and a beta of 1.39. The business has a 50-day simple moving average of $63.92 and a 200-day simple moving average of $61.10.

Insider Activity

In other news, VP Jerry L. Redondo sold 770 shares of Ducommun stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $64.20, for a total transaction of $49,434.00. Following the transaction, the vice president now directly owns 63,826 shares of the company’s stock, valued at $4,097,629.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Stephen G. Oswald sold 1,200 shares of Ducommun stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $66.32, for a total transaction of $79,584.00. Following the sale, the chief executive officer now 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jerry L. Redondo sold 770 shares of Ducommun stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $64.20, for a total value of $49,434.00. Following the sale, the vice president now directly owns 63,826 shares in the company, valued at $4,097,629.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.80% of the company’s stock.

Institutional Trading of Ducommun

A number of large investors have recently added to or reduced their stakes in the company. Inspire Investing LLC increased its stake in Ducommun by 3.3% in the 3rd quarter. Inspire Investing LLC now owns 6,296 shares of the aerospace company’s stock worth $414,000 after acquiring an additional 201 shares during the last quarter. Victory Capital Management Inc. increased its stake in Ducommun by 1.6% in the 3rd quarter. Victory Capital Management Inc. now owns 18,900 shares of the aerospace company’s stock worth $1,244,000 after acquiring an additional 300 shares during the last quarter. Pathstone Holdings LLC increased its stake in Ducommun by 1.1% in the 3rd quarter. Pathstone Holdings LLC now owns 28,375 shares of the aerospace company’s stock worth $1,868,000 after acquiring an additional 319 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Ducommun by 2.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 24,834 shares of the aerospace company’s stock worth $1,274,000 after acquiring an additional 553 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Ducommun by 8.0% in the 1st quarter. Russell Investments Group Ltd. now owns 7,839 shares of the aerospace company’s stock worth $402,000 after acquiring an additional 584 shares during the last quarter. Institutional investors own 92.15% of the company’s stock.

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.