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

Ducommun Incorporated (NYSE:DCO)’s share 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.

Analyst Ratings Changes

DCO has been the topic of a number of research reports. Truist Financial boosted their target price on shares of Ducommun from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. StockNews.com downgraded shares of Ducommun from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Royal Bank of Canada initiated coverage on shares of Ducommun in a report on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 target price on the stock.

Ducommun Stock Performance

The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $64.89 and its 200 day moving average is $64.58. The stock has a market capitalization of $871.10 million, a PE ratio of 29.62 and a beta of 1.40.

Insider Buying and Selling

In related news, Director Robert C. Ducommun sold 1,000 shares of Ducommun stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $69.50, for a total transaction of $69,500.00. Following the completion of the transaction, the director now directly owns 409,900 shares of the company’s stock, valued at approximately $28,488,050. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ducommun

A number of large investors have recently made changes to their positions in DCO. Van ECK Associates Corp boosted its stake in shares of Ducommun by 44.5% during the 3rd quarter. Van ECK Associates Corp now owns 6,616 shares of the aerospace company’s stock worth $411,000 after purchasing an additional 2,038 shares during the period. Diamond Hill Capital Management Inc. boosted its position in Ducommun by 15.7% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 130,384 shares of the aerospace company’s stock valued at $8,583,000 after buying an additional 17,720 shares during the period. GSA Capital Partners LLP boosted its position in Ducommun by 14.3% in the 3rd quarter. GSA Capital Partners LLP now owns 20,598 shares of the aerospace company’s stock valued at $1,356,000 after buying an additional 2,570 shares during the period. Victory Capital Management Inc. boosted its position in Ducommun by 1.6% in the 3rd quarter. Victory Capital Management Inc. now owns 18,900 shares of the aerospace company’s stock valued at $1,244,000 after buying an additional 300 shares during the period. Finally, Pathstone Holdings LLC boosted its position in Ducommun by 1.1% in the 3rd quarter. Pathstone Holdings LLC now owns 28,375 shares of the aerospace company’s stock valued at $1,868,000 after buying an additional 319 shares during the period. 92.15% of the stock is owned by hedge funds and other 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.