Ducommun (NYSE:DCO) Coverage Initiated by Analysts at Royal Bank of Canada

Analysts at Royal Bank of Canada assumed coverage on shares of Ducommun (NYSE:DCO) in a research note issued on Tuesday. The brokerage set an “outperform” rating and a $72.00 price target on the aerospace company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 13.10% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Truist Financial boosted their price target on Ducommun from $71.00 to $80.00 and gave the company a “buy” rating in a report on Friday, November 8th. StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $76.00.

Ducommun Stock Up 4.4 %

Shares of NYSE:DCO opened at $63.66 on Tuesday. The company has a fifty day simple moving average of $64.14 and a 200 day simple moving average of $62.97. The firm has a market cap of $940.83 million, a PE ratio of 31.99 and a beta of 1.41. Ducommun has a 12-month low of $47.53 and a 12-month high of $70.50. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37.

Insider Transactions at Ducommun

In other news, Director Robert C. Ducommun sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $69.50, for a total transaction of $69,500.00. Following the transaction, the director now directly owns 409,900 shares of the company’s stock, valued at approximately $28,488,050. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.80% of the company’s stock.

Hedge Funds Weigh In On Ducommun

Institutional investors and hedge funds have recently bought and sold shares of the stock. RDST Capital LLC raised its position in shares of Ducommun by 16.8% during the 2nd quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock worth $31,369,000 after buying an additional 77,595 shares in the last quarter. Geode Capital Management LLC raised its holdings in Ducommun by 0.5% during the third quarter. Geode Capital Management LLC now owns 310,704 shares of the aerospace company’s stock worth $20,458,000 after purchasing an additional 1,610 shares in the last quarter. First Eagle Investment Management LLC lifted its position in Ducommun by 2.1% in the second quarter. First Eagle Investment Management LLC now owns 223,979 shares of the aerospace company’s stock worth $13,004,000 after purchasing an additional 4,500 shares during the period. Meros Investment Management LP boosted its stake in Ducommun by 1.4% during the 2nd quarter. Meros Investment Management LP now owns 206,449 shares of the aerospace company’s stock valued at $11,986,000 after purchasing an additional 2,880 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in Ducommun during the 3rd quarter valued at $8,990,000. Institutional investors own 92.15% of the company’s stock.

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.