Ducommun (NYSE:DCO) Shares Gap Down – Should You Sell?

Ducommun Incorporated (NYSE:DCO)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $61.36, but opened at $57.71. Ducommun shares last traded at $56.56, with a volume of 18,754 shares trading hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Truist Financial boosted their price objective on shares of Ducommun from $80.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Royal Bank of Canada started coverage on Ducommun in a research report on Tuesday, December 31st. They set an “outperform” rating and a $72.00 price target on the stock. Finally, StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

Ducommun Price Performance

The company’s fifty day moving average is $65.03 and its 200 day moving average is $64.65. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. The firm has a market cap of $837.14 million, a price-to-earnings ratio of 28.41 and a beta of 1.40.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.05. Ducommun had a net margin of 3.82% and a return on equity of 7.40%. On average, equities research analysts predict that Ducommun Incorporated will post 3.21 EPS for the current year.

Insider Transactions at Ducommun

In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $69.50, for a total value of $69,500.00. Following the completion of the sale, the director now owns 409,900 shares of the company’s stock, valued at $28,488,050. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 8.80% of the company’s stock.

Institutional Trading of Ducommun

Several large investors have recently made changes to their positions in the company. Wellington Management Group LLP acquired a new stake in shares of Ducommun during the third quarter valued at about $8,990,000. Gibson Capital LLC bought a new position in Ducommun in the 4th quarter valued at approximately $6,763,000. Raymond James Financial Inc. acquired a new stake in Ducommun during the 4th quarter worth approximately $6,737,000. Kennedy Capital Management LLC raised its stake in shares of Ducommun by 60.9% during the fourth quarter. Kennedy Capital Management LLC now owns 273,517 shares of the aerospace company’s stock valued at $17,412,000 after acquiring an additional 103,570 shares during the last quarter. Finally, Oberweis Asset Management Inc. acquired a new position in shares of Ducommun during the fourth quarter worth $6,092,000. Institutional investors and hedge funds 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.