Ducommun (NYSE:DCO) Sees Unusually-High Trading Volume – Still a Buy?

Ducommun Incorporated (NYSE:DCO) saw unusually-high trading volume on Wednesday . Approximately 233,976 shares were traded during mid-day trading, an increase of 185% from the previous session’s volume of 81,957 shares.The stock last traded at $66.10 and had previously closed at $66.07.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DCO. Truist Financial boosted their target price on 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 shares of Ducommun from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $64.00 to $80.00 in a research note on Tuesday, August 13th. Finally, StockNews.com upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $73.00.

Ducommun Trading Down 5.7 %

The stock has a market cap of $940.98 million, a PE ratio of 33.93 and a beta of 1.41. The business’s fifty day moving average is $64.84 and its 200 day moving average is $62.34. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling

In other news, CEO Stephen G. Oswald sold 1,200 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were 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 directly owns 341,151 shares in the company, valued at $22,625,134.32. This trade represents a 0.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 8.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ducommun

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in shares of Ducommun by 13.4% during the 3rd quarter. Franklin Resources Inc. now owns 77,712 shares of the aerospace company’s stock worth $5,023,000 after purchasing an additional 9,187 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Ducommun during the third quarter worth approximately $204,000. Geode Capital Management LLC boosted its holdings in Ducommun by 0.5% in the third quarter. Geode Capital Management LLC now owns 310,704 shares of the aerospace company’s stock valued at $20,458,000 after acquiring an additional 1,610 shares during the last quarter. Barclays PLC boosted its stake in Ducommun by 137.2% in the third 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 during the last quarter. Finally, Jane Street Group LLC increased its holdings in Ducommun by 140.4% in the third quarter. Jane Street Group LLC now owns 34,655 shares of the aerospace company’s stock valued at $2,281,000 after purchasing an additional 20,240 shares during the last quarter. Institutional investors and hedge funds 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.