Ducommun (NYSE:DCO) Stock Rating Upgraded by StockNews.com

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

DCO has been the subject of several other research reports. 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 objective for the company. Truist Financial boosted their price target 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.

Ducommun Stock Performance

Shares of Ducommun stock traded down $0.26 on Thursday, reaching $58.22. 13,374 shares of the company traded hands, compared to its average volume of 81,078. The company has a 50 day moving average of $62.75 and a 200 day moving average of $63.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. Ducommun has a 52 week low of $48.21 and a 52 week high of $70.50. The firm has a market capitalization of $865.25 million, a PE ratio of 29.20 and a beta of 1.56.

Institutional Trading of Ducommun

Several institutional investors and hedge funds have recently bought and sold shares of DCO. Gamco Investors INC. ET AL increased its stake in Ducommun by 2.1% in the 4th quarter. Gamco Investors INC. ET AL now owns 581,706 shares of the aerospace company's stock worth $37,031,000 after acquiring an additional 11,834 shares during the last quarter. Royal Bank of Canada increased its position in shares of Ducommun by 8.1% in the fourth quarter. Royal Bank of Canada now owns 361,373 shares of the aerospace company's stock worth $23,005,000 after purchasing an additional 27,068 shares during the last quarter. Geode Capital Management LLC raised its stake in Ducommun by 0.5% in the third quarter. Geode Capital Management LLC now owns 310,704 shares of the aerospace company's stock valued at $20,458,000 after purchasing an additional 1,610 shares in the last quarter. Kennedy Capital Management LLC lifted its position in Ducommun by 60.9% during the fourth quarter. Kennedy Capital Management LLC now owns 273,517 shares of the aerospace company's stock valued at $17,412,000 after purchasing an additional 103,570 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its stake in Ducommun by 4.4% in the 4th quarter. First Eagle Investment Management LLC now owns 253,087 shares of the aerospace company's stock worth $16,112,000 after buying an additional 10,700 shares in the last quarter. 92.15% of the stock is currently 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.