Ducommun (NYSE:DCO) Coverage Initiated at Royal Bank of Canada

Equities researchers at Royal Bank of Canada started coverage on shares of Ducommun (NYSE:DCO) in a report issued on Tuesday. The brokerage set an “outperform” rating and a $72.00 price target on the aerospace company’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 13.10% from the stock’s current price.

Several other research firms have also commented on DCO. StockNews.com upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Truist Financial upped their price objective 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Ducommun has an average rating of “Buy” and an average price target of $76.00.

Ducommun Stock Up 4.4 %

DCO stock opened at $63.66 on Tuesday. Ducommun has a one year low of $47.53 and a one year high of $70.50. The stock has a market capitalization of $940.83 million, a P/E ratio of 31.99 and a beta of 1.41. The company has a 50 day moving average price of $64.14 and a two-hundred day moving average price of $62.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21.

Insider Activity at Ducommun

In related news, Director Robert C. Ducommun sold 1,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $69.50, for a total transaction 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 represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Ducommun

Several institutional investors have recently bought and sold shares of the business. Point72 DIFC Ltd boosted its position in shares of 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 buying an additional 674 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Ducommun in the 3rd quarter worth approximately $80,000. Eastern Bank acquired a new stake in Ducommun in the third quarter valued at approximately $118,000. Quantbot Technologies LP purchased a new stake in shares of Ducommun during the third quarter valued at approximately $132,000. Finally, Arizona State Retirement System acquired a new position in shares of Ducommun during the second quarter worth $202,000. 92.15% of the stock is currently owned by hedge funds and other 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.