Ducommun (NYSE:DCO) Shares Down 4.9% – What’s Next?

Ducommun Incorporated (NYSE:DCO)’s share price dropped 4.9% during mid-day trading on Friday . The stock traded as low as $64.01 and last traded at $64.22. Approximately 140,058 shares traded hands during mid-day trading, an increase of 66% from the average daily volume of 84,254 shares. The stock had previously closed at $67.52.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DCO shares. Truist Financial increased their target price on shares of Ducommun from $71.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. The Goldman Sachs Group raised Ducommun from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $64.00 to $80.00 in a research report on Tuesday, August 13th. Finally, StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ducommun has an average rating of “Buy” and a consensus price target of $73.00.

Ducommun Stock Down 5.0 %

The firm’s 50-day simple moving average is $64.84 and its 200-day simple moving average is $62.34. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21. The company has a market capitalization of $948.07 million, a price-to-earnings ratio of 33.93 and a beta of 1.41.

Insider Activity at Ducommun

In other Ducommun 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 directly owns 341,151 shares of the company’s stock, valued at approximately $22,625,134.32. The trade was a 0.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ducommun

Large investors have recently made changes to their positions in the company. Wellington Management Group LLP acquired a new position in Ducommun in the third quarter worth $8,990,000. RDST Capital LLC lifted its position in 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. Diamond Hill Capital Management Inc. grew its holdings in Ducommun by 70.4% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 112,664 shares of the aerospace company’s stock worth $6,541,000 after acquiring an additional 46,544 shares during the last quarter. Barclays PLC increased its position in Ducommun by 137.2% in the 3rd quarter. Barclays PLC now owns 53,382 shares of the aerospace company’s stock valued at $3,514,000 after acquiring an additional 30,873 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Ducommun by 140.4% in the third quarter. Jane Street Group LLC now owns 34,655 shares of the aerospace company’s stock worth $2,281,000 after acquiring an additional 20,240 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.