Ducommun (NYSE:DCO) Cut to "Buy" at StockNews.com

StockNews.com downgraded shares of Ducommun (NYSE:DCO - Free Report) from a strong-buy rating to a buy rating in a report published on Tuesday.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada started coverage on shares of Ducommun in a report on Tuesday, December 31st. They set an "outperform" rating and a $72.00 price target on the stock. Truist Financial boosted their price target on Ducommun from $80.00 to $82.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th.

Ducommun Stock Up 0.2 %

NYSE:DCO traded up $0.10 on Tuesday, hitting $56.51. 105,017 shares of the company's stock traded hands, compared to its average volume of 77,052. The company has a market cap of $839.83 million, a PE ratio of 28.39 and a beta of 1.27. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37. Ducommun has a 1 year low of $51.69 and a 1 year high of $70.50. The firm has a 50-day moving average price of $58.67 and a 200-day moving average price of $62.86.

Institutional Investors Weigh In On Ducommun

Several large investors have recently modified their holdings of DCO. Rafferty Asset Management LLC grew its position in Ducommun by 4.9% in the fourth quarter. Rafferty Asset Management LLC now owns 3,481 shares of the aerospace company's stock valued at $222,000 after acquiring an additional 164 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Ducommun by 3.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,731 shares of the aerospace company's stock worth $492,000 after purchasing an additional 247 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Ducommun by 12.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company's stock valued at $146,000 after purchasing an additional 261 shares during the last quarter. Sterling Capital Management LLC grew its stake in Ducommun by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock worth $28,000 after buying an additional 386 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Ducommun by 10.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,361 shares of the aerospace company's stock worth $278,000 after buying an additional 414 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors.

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.