Ducommun (NYSE:DCO) Sees Large Volume Increase

Ducommun Incorporated (NYSE:DCO – Get Rating) saw an uptick in trading volume on Friday . 28,998 shares traded hands during mid-day trading, a decline of 42% from the previous session’s volume of 50,153 shares.The stock last traded at $51.14 and had previously closed at $52.23.

Wall Street Analysts Forecast Growth

DCO has been the topic of several research analyst reports. StockNews.com initiated coverage on shares of Ducommun in a report on Thursday. They issued a “buy” rating on the stock. Royal Bank of Canada decreased their price target on shares of Ducommun from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, December 9th. Finally, Truist Financial upped their price target on shares of Ducommun from $58.00 to $66.00 in a report on Monday, January 9th.

Ducommun Price Performance

The firm’s 50-day moving average is $55.14 and its 200-day moving average is $49.53. The company has a market capitalization of $609.32 million, a PE ratio of 21.43 and a beta of 1.33. The company has a quick ratio of 1.79, a current ratio of 2.64 and a debt-to-equity ratio of 0.46.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DCO. MetLife Investment Management LLC grew its position in Ducommun by 62.3% in the first quarter. MetLife Investment Management LLC now owns 5,236 shares of the aerospace company’s stock worth $274,000 after acquiring an additional 2,009 shares in the last quarter. BlackRock Inc. boosted its position in Ducommun by 3.6% during the first quarter. BlackRock Inc. now owns 839,094 shares of the aerospace company’s stock valued at $43,960,000 after buying an additional 28,819 shares during the period. Gamco Investors INC. ET AL boosted its position in Ducommun by 6.0% during the first quarter. Gamco Investors INC. ET AL now owns 357,876 shares of the aerospace company’s stock valued at $18,749,000 after buying an additional 20,200 shares during the period. Gabelli Funds LLC boosted its position in Ducommun by 2.0% during the first quarter. Gabelli Funds LLC now owns 51,500 shares of the aerospace company’s stock valued at $2,698,000 after buying an additional 1,000 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in Ducommun during the first quarter valued at about $34,000. 83.61% of the stock is currently owned by hedge funds and other institutional investors.

About Ducommun

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Ducommun, Inc engages in the provision of engineering and manufacturing services to the aerospace, defense, industrial, and medical industries. It operates through the Electronic Systems and Structural Systems segments. The Electronic Systems segment offers electronic and electromechanical products used in worldwide technology-driven markets.