Ducommun (NYSE:DCO) Sees Strong Trading Volume on Analyst Upgrade

Ducommun Incorporated (NYSE:DCO - Get Free Report) shares saw unusually-strong trading volume on Monday after Truist Financial raised their price target on the stock from $71.00 to $80.00. Truist Financial currently has a buy rating on the stock. Approximately 260,702 shares were traded during mid-day trading, an increase of 238% from the previous session's volume of 77,128 shares.The stock last traded at $69.29 and had previously closed at $68.08.

DCO has been the topic of a number of other reports. StockNews.com raised shares of Ducommun from a "hold" rating to a "buy" rating in a research report on Saturday, August 17th. The Goldman Sachs Group upgraded Ducommun from a "neutral" rating to a "buy" rating and boosted their target price for the company from $64.00 to $80.00 in a research note on Tuesday, August 13th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $73.00.

Insider Activity at Ducommun

In other news, VP Jerry L. Redondo sold 770 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $64.20, for a total value of $49,434.00. Following the transaction, the vice president now owns 63,826 shares in the company, valued at $4,097,629.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Ducommun news, VP Jerry L. Redondo sold 770 shares of the business's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $64.20, for a total transaction of $49,434.00. Following the transaction, the vice president now owns 63,826 shares in the company, valued at $4,097,629.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephen G. Oswald sold 1,200 shares of the business's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $66.32, for a total transaction of $79,584.00. Following the transaction, the chief executive officer now owns 341,151 shares in the company, valued at $22,625,134.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 8.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ducommun

Several hedge funds have recently modified their holdings of DCO. Eastern Bank acquired a new position in Ducommun in the 3rd quarter worth approximately $118,000. EntryPoint Capital LLC lifted its position in shares of Ducommun by 323.9% during the 1st quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company's stock valued at $129,000 after buying an additional 1,914 shares in the last quarter. Arizona State Retirement System purchased a new position in shares of Ducommun during the 2nd quarter valued at approximately $202,000. SG Americas Securities LLC purchased a new position in Ducommun in the 3rd quarter valued at $213,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in Ducommun in the 1st quarter valued at $274,000. Institutional investors and hedge funds own 92.15% of the company's stock.

Ducommun Stock Up 1.8 %

The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 34.83 and a beta of 1.39. The business has a 50 day simple moving average of $63.84 and a 200-day simple moving average of $61.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.97 and a current ratio of 3.06.

Ducommun (NYSE:DCO - Get Free Report) last released its earnings results on Thursday, August 8th. The aerospace company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.20. The company had revenue of $197.00 million during the quarter, compared to the consensus estimate of $194.57 million. Ducommun had a return on equity of 7.46% and a net margin of 3.82%. Ducommun's revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. On average, equities analysts expect that Ducommun Incorporated will post 2.97 EPS for the current year.

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.

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