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

Ducommun (NYSE:DCO) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.

Other equities analysts have also recently issued research reports about the company. The Goldman Sachs Group upgraded Ducommun from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $64.00 to $80.00 in a report on Tuesday, August 13th. Truist Financial boosted their price objective on Ducommun from $71.00 to $80.00 and gave the company a “buy” rating in a report on Friday. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $73.00.

Ducommun Trading Down 1.7 %

Shares of Ducommun stock traded down $1.18 on Tuesday, reaching $68.00. The company had a trading volume of 147,111 shares, compared to its average volume of 78,017. The firm’s 50-day moving average price is $63.92 and its two-hundred day moving average price is $61.10. Ducommun has a 1 year low of $47.27 and a 1 year high of $70.04. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.06 and a quick ratio of 1.97. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 34.17 and a beta of 1.39.

Insiders Place Their Bets

In other news, VP Jerry L. Redondo sold 770 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $64.20, for a total value of $49,434.00. Following the completion of the transaction, the vice president now directly owns 63,826 shares of the company’s stock, valued at approximately $4,097,629.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Jerry L. Redondo sold 770 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $64.20, for a total value of $49,434.00. Following the completion of the transaction, the vice president now directly owns 63,826 shares of the company’s stock, valued at approximately $4,097,629.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Stephen G. Oswald sold 1,200 shares of the business’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 directly owns 341,151 shares of the company’s stock, valued at approximately $22,625,134.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DCO. Eastern Bank bought a new position in shares of Ducommun in the 3rd quarter worth $118,000. EntryPoint Capital LLC increased its position in Ducommun by 323.9% during the 1st quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company’s stock valued at $129,000 after buying an additional 1,914 shares in the last quarter. Arizona State Retirement System acquired a new position in Ducommun during the 2nd quarter valued at about $202,000. SG Americas Securities LLC acquired a new position in Ducommun during the 3rd quarter valued at about $213,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in Ducommun during the 1st quarter valued at about $274,000. 92.15% of the stock is owned by institutional investors.

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.