Ducommun (NYSE:DCO) Downgraded by StockNews.com to Buy

Ducommun (NYSE:DCO) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other research analysts also recently commented on the company. Royal Bank of Canada began coverage on Ducommun in a research note on Tuesday, December 31st. They set an “outperform” rating and a $72.00 price objective for the company. Truist Financial upped their price target on shares of Ducommun from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th.

Ducommun Stock Performance

Shares of NYSE:DCO traded up $0.22 during trading on Tuesday, hitting $56.62. 41,362 shares of the company traded hands, compared to its average volume of 77,690. 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 business’s fifty day moving average is $59.29 and its 200-day moving average is $63.04. The stock has a market capitalization of $841.60 million, a price-to-earnings ratio of 28.45 and a beta of 1.27. Ducommun has a one year low of $51.39 and a one year high of $70.50.

Institutional Trading of Ducommun

Institutional investors have recently made changes to their positions in the stock. Intech Investment Management LLC purchased a new stake in shares of Ducommun in the 4th quarter valued at approximately $383,000. Barclays PLC grew its holdings in shares of Ducommun by 137.2% during the third quarter. Barclays PLC now owns 53,382 shares of the aerospace company’s stock valued at $3,514,000 after buying an additional 30,873 shares in the last quarter. Jane Street Group LLC lifted its stake in Ducommun by 140.4% in the 3rd 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 in the last quarter. New York State Common Retirement Fund boosted its position in Ducommun by 44.5% during the 4th quarter. New York State Common Retirement Fund now owns 16,014 shares of the aerospace company’s stock worth $1,019,000 after acquiring an additional 4,932 shares during the period. Finally, Annex Advisory Services LLC grew its stake in Ducommun by 37.6% during the 4th quarter. Annex Advisory Services LLC now owns 37,411 shares of the aerospace company’s stock valued at $2,382,000 after acquiring an additional 10,228 shares in the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

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.