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

Ducommun Incorporated (NYSE:DCO) shares gapped down prior to trading on Friday . The stock had previously closed at $63.07, but opened at $60.80. Ducommun shares last traded at $62.32, with a volume of 43,597 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DCO. Truist Financial lifted 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 upgraded shares of Ducommun from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Finally, Royal Bank of Canada began 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. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $76.50.

Ducommun Stock Down 1.4 %

The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21. The company has a market capitalization of $919.24 million, a price-to-earnings ratio of 31.25 and a beta of 1.40. The firm’s 50-day simple moving average is $65.37 and its 200-day simple moving average is $64.60.

Insiders Place Their Bets

In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $69.50, for a total value of $69,500.00. Following the sale, the director now directly owns 409,900 shares in the company, valued at $28,488,050. This trade represents 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. Company insiders own 8.80% of the company’s stock.

Institutional Trading of Ducommun

Several institutional investors have recently made changes to their positions in DCO. Wellington Management Group LLP acquired a new position in Ducommun in the third quarter valued at about $8,990,000. Gibson Capital LLC bought a new stake in shares of Ducommun during the fourth quarter worth approximately $6,763,000. Raymond James Financial Inc. bought a new stake in shares of Ducommun during the fourth 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 worth $17,412,000 after buying an additional 103,570 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Ducommun by 1,151.0% during the fourth quarter. JPMorgan Chase & Co. now owns 75,509 shares of the aerospace company’s stock worth $4,807,000 after buying an additional 69,473 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

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.