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

Ducommun (NYSE:DCO) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

A number of other research firms have also issued reports on DCO. Royal Bank of Canada assumed coverage on shares of Ducommun in a research note on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 target price on the stock. Truist Financial raised their price target on Ducommun from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th.

Ducommun Stock Performance

Ducommun stock traded down $0.04 during trading hours on Thursday, reaching $59.75. 52,886 shares of the company were exchanged, compared to its average volume of 79,053. Ducommun has a 12 month low of $48.21 and a 12 month high of $70.50. The firm has a market cap of $888.09 million, a price-to-earnings ratio of 30.03 and a beta of 1.56. 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 50-day moving average of $62.94 and a 200 day moving average of $63.89.

Institutional Investors Weigh In On Ducommun

Several hedge funds and other institutional investors have recently modified their holdings of DCO. Wellington Management Group LLP boosted its holdings in Ducommun by 41.9% in the 4th quarter. Wellington Management Group LLP now owns 193,741 shares of the aerospace company’s stock valued at $12,334,000 after purchasing an additional 57,172 shares during the period. Phocas Financial Corp. raised its position in shares of Ducommun by 72.8% during the fourth quarter. Phocas Financial Corp. now owns 88,763 shares of the aerospace company’s stock valued at $5,651,000 after buying an additional 37,400 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Ducommun by 36.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,456 shares of the aerospace company’s stock valued at $1,621,000 after buying an additional 6,866 shares during the period. Virtus Fund Advisers LLC bought a new stake in shares of Ducommun in the fourth quarter valued at about $78,000. Finally, Virtus Investment Advisers Inc. acquired a new stake in Ducommun during the fourth quarter worth about $802,000. 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.