Ducommun (NYSE:DCO) Shares Gap Down – Here’s Why

Ducommun Incorporated (NYSE:DCO)’s share price gapped down prior to trading on Friday . The stock had previously closed at $63.07, but opened at $60.80. Ducommun shares last traded at $62.32, with a volume of 43,597 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DCO. Royal Bank of Canada began coverage on Ducommun in a research report on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 price objective on the stock. StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Finally, Truist Financial raised their target price on shares of Ducommun from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $76.50.

Ducommun Price Performance

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 stock has a market capitalization of $927.64 million, a PE ratio of 31.54 and a beta of 1.40. The business has a fifty day moving average price of $65.26 and a 200-day moving average price of $64.59.

Insider Buying and Selling at Ducommun

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 completion of the sale, the director now directly 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 legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 8.80% of the company’s stock.

Hedge Funds Weigh In On Ducommun

Large investors have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL boosted its position in Ducommun by 2.1% during the fourth quarter. Gamco Investors INC. ET AL now owns 581,706 shares of the aerospace company’s stock valued at $37,031,000 after buying an additional 11,834 shares during the period. Geode Capital Management LLC boosted its holdings in Ducommun by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 310,704 shares of the aerospace company’s stock valued at $20,458,000 after acquiring an additional 1,610 shares during the period. Kennedy Capital Management LLC boosted its holdings in 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. First Eagle Investment Management LLC increased its stake in Ducommun by 4.4% in the 4th quarter. First Eagle Investment Management LLC now owns 253,087 shares of the aerospace company’s stock worth $16,112,000 after purchasing an additional 10,700 shares during the period. Finally, Royce & Associates LP lifted its position in Ducommun by 4.8% in the fourth quarter. Royce & Associates LP now owns 234,991 shares of the aerospace company’s stock valued at $14,960,000 after purchasing an additional 10,700 shares during the last quarter. Hedge funds and other institutional investors 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.