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

StockNews.com upgraded shares of Ducommun (NYSE:DCO) from a buy rating to a strong-buy rating in a research note published on Tuesday morning.

Several other brokerages also recently issued reports on DCO. The Goldman Sachs Group upgraded Ducommun from a “neutral” rating to a “buy” rating and upped their price target for the stock from $64.00 to $80.00 in a report on Tuesday, August 13th. Truist Financial upped their price target on Ducommun from $71.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Ducommun has an average rating of “Buy” and a consensus price target of $73.00.

Ducommun Trading Down 1.7 %

Shares of Ducommun stock opened at $68.00 on Tuesday. The stock has a fifty day simple moving average of $63.92 and a 200 day simple moving average of $61.10. Ducommun has a 12-month low of $47.27 and a 12-month high of $70.04. The company has a market capitalization of $1.00 billion, a P/E ratio of 34.17 and a beta of 1.39. The company has a current ratio of 3.06, a quick ratio of 1.97 and a debt-to-equity ratio of 0.38.

Insider Buying and Selling at Ducommun

In other Ducommun news, CEO Stephen G. Oswald sold 1,200 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $66.32, for a total value of $79,584.00. Following the completion of the transaction, the chief executive officer now owns 341,151 shares in the company, valued at $22,625,134.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Ducommun news, CEO Stephen G. Oswald sold 1,200 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $66.32, for a total value of $79,584.00. Following the completion of the transaction, the chief executive officer now owns 341,151 shares in the company, valued at $22,625,134.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jerry L. Redondo sold 770 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 63,826 shares in the company, valued at $4,097,629.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Eastern Bank purchased a new position in shares of Ducommun during the 3rd quarter valued at $118,000. EntryPoint Capital LLC lifted its holdings in Ducommun by 323.9% during the 1st quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company’s stock worth $129,000 after purchasing an additional 1,914 shares in the last quarter. Arizona State Retirement System purchased a new stake in Ducommun during the 2nd quarter worth about $202,000. SG Americas Securities LLC purchased a new stake in Ducommun during the 3rd quarter worth about $213,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in Ducommun during the 1st quarter worth about $274,000. Hedge funds and other 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.