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

StockNews.com cut shares of Ducommun (NYSE:DCO - Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Friday.

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

Ducommun Stock Performance

DCO traded down $0.76 during mid-day trading on Friday, reaching $57.12. 83,226 shares of the company traded hands, compared to its average volume of 77,691. The stock has a market capitalization of $844.15 million, a P/E ratio of 28.70 and a beta of 1.40. Ducommun has a 52-week low of $47.87 and a 52-week high of $70.50. 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 company's fifty day moving average price is $64.81 and its 200-day moving average price is $64.54.

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Insider Buying and Selling

In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the company's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $69.50, for a total value of $69,500.00. Following the completion of the sale, the director now owns 409,900 shares in the company, valued at $28,488,050. This represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 8.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Ducommun by 36.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,456 shares of the aerospace company's stock worth $1,621,000 after acquiring an additional 6,866 shares in the last quarter. Virtus Fund Advisers LLC purchased a new stake in shares of Ducommun in the fourth quarter worth $78,000. Virtus Investment Advisers Inc. purchased a new stake in shares of Ducommun in the fourth quarter worth $802,000. Two Sigma Investments LP raised its position in shares of Ducommun by 76.9% during the 4th quarter. Two Sigma Investments LP now owns 73,990 shares of the aerospace company's stock valued at $4,710,000 after purchasing an additional 32,156 shares during the period. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of Ducommun during the 4th quarter valued at $217,000. 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.