Ducommun (NYSE:DCO) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Ducommun (NYSE:DCO) from a buy rating to a strong-buy rating in a research report released on Thursday.

A number of other equities analysts have also weighed in on DCO. 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 research report on Tuesday, January 14th. Royal Bank of Canada began coverage on Ducommun in a report on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 price target for the company.

Ducommun Stock Performance

Shares of DCO opened at $58.60 on Thursday. Ducommun has a 12-month low of $48.21 and a 12-month high of $70.50. The stock has a market cap of $871.02 million, a P/E ratio of 29.45 and a beta of 1.56. 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 company has a 50-day moving average of $62.75 and a two-hundred day moving average of $63.86.

Institutional Investors Weigh In On Ducommun

Institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC boosted its holdings in Ducommun by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 386 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Ducommun during the 4th quarter worth $32,000. Venturi Wealth Management LLC grew its stake in Ducommun by 833.3% in the 4th quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company’s stock valued at $46,000 after buying an additional 650 shares during the last quarter. Point72 DIFC Ltd lifted its position in Ducommun by 591.2% during the 3rd quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company’s stock worth $52,000 after acquiring an additional 674 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Ducommun during the third quarter valued at about $80,000. 92.15% of the stock is currently 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.