Ducommun (NYSE:DCO) Rating Increased to Strong-Buy at StockNews.com

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

Other research analysts have also issued research reports about the company. Truist Financial boosted their target price on Ducommun from $80.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Royal Bank of Canada began coverage on shares of Ducommun in a research report on Tuesday, December 31st. They set an “outperform” rating and a $72.00 price objective for the company.

Ducommun Price Performance

Shares of DCO opened at $59.75 on Thursday. The company has a market capitalization of $888.09 million, a price-to-earnings ratio of 30.03 and a beta of 1.56. Ducommun has a fifty-two week low of $48.21 and a fifty-two week high of $70.50. The firm has a 50-day simple moving average of $62.94 and a 200-day simple moving average of $63.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21.

Institutional Inflows and Outflows

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

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.