Ducommun (NYSE:DCO) Shares Up 3.8% - Time to Buy?

Ducommun Incorporated (NYSE:DCO - Get Free Report) shares were up 3.8% during mid-day trading on Tuesday . The company traded as high as $63.51 and last traded at $63.26. Approximately 66,405 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 85,430 shares. The stock had previously closed at $60.95.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DCO shares. StockNews.com upgraded shares of Ducommun from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 12th. Royal Bank of Canada initiated coverage on shares of Ducommun in a research note on Tuesday. They set an "outperform" rating and a $72.00 price objective on the stock. Finally, Truist Financial raised their target price on shares of Ducommun from $71.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $76.00.

Ducommun Trading Up 4.4 %

The stock's 50 day moving average is $64.08 and its 200-day moving average is $62.92. The company has a market cap of $940.83 million, a P/E ratio of 31.99 and a beta of 1.41. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37.

Insiders Place Their Bets

In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of Ducommun stock in a transaction on 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 of the company's stock, valued at approximately $28,488,050. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.80% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Point72 DIFC Ltd lifted its stake in Ducommun by 591.2% during the 3rd quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company's stock valued at $52,000 after acquiring an additional 674 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Ducommun during the third quarter valued at approximately $80,000. Eastern Bank purchased a new stake in Ducommun in the third quarter worth approximately $118,000. Quantbot Technologies LP bought a new stake in Ducommun in the 3rd quarter worth approximately $132,000. Finally, Arizona State Retirement System purchased a new stake in Ducommun during the 2nd quarter valued at $202,000. 92.15% of the stock is owned by 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.