Royal Bank of Canada Initiates Coverage on Ducommun (NYSE:DCO)

Royal Bank of Canada began coverage on shares of Ducommun (NYSE:DCO - Free Report) in a research note released on Tuesday morning. The firm issued an outperform rating and a $72.00 price target on the aerospace company's stock.

A number of other equities research analysts have also weighed in on the company. StockNews.com upgraded Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 12th. Truist Financial boosted their price target on Ducommun from $71.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $76.00.

Ducommun Price Performance

NYSE DCO traded up $2.71 during trading on Tuesday, hitting $63.66. 156,648 shares of the company's stock were exchanged, compared to its average volume of 85,804. The stock's 50 day moving average price is $64.11 and its two-hundred day moving average price is $62.97. Ducommun has a fifty-two week low of $47.53 and a fifty-two week high of $70.50. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37. The company has a market cap of $940.83 million, a PE ratio of 31.99 and a beta of 1.41.

Insider Buying and Selling

In other news, Director Robert C. Ducommun sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $69.50, for a total value of $69,500.00. Following the transaction, the director now owns 409,900 shares in the company, valued at approximately $28,488,050. The trade was a 0.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ducommun

Several large investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd grew its holdings in Ducommun by 591.2% in the third quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company's stock worth $52,000 after purchasing an additional 674 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ducommun in the 3rd quarter valued at about $80,000. Eastern Bank bought a new stake in Ducommun in the 3rd quarter valued at about $118,000. Quantbot Technologies LP acquired a new position in Ducommun during the 3rd quarter worth approximately $132,000. Finally, Virtu Financial LLC bought a new position in Ducommun in the third quarter worth approximately $204,000. Institutional investors and hedge funds own 92.15% of the company's stock.

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.