Ducommun (NYSE:DCO) Downgraded by StockNews.com to “Buy”

StockNews.com lowered shares of Ducommun (NYSE:DCO) from a strong-buy rating to a buy rating in a research note released on Tuesday morning.

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

Ducommun Price Performance

DCO opened at $56.62 on Tuesday. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $59.29 and its 200 day moving average price is $63.04. Ducommun has a fifty-two week low of $51.39 and a fifty-two week high of $70.50. The firm has a market cap of $841.60 million, a price-to-earnings ratio of 28.45 and a beta of 1.27.

Institutional Investors Weigh In On Ducommun

Institutional investors have recently bought and sold shares of the business. Gibson Capital LLC bought a new stake in Ducommun in the fourth quarter worth $6,763,000. Raymond James Financial Inc. acquired a new stake in shares of Ducommun during the 4th quarter worth approximately $6,737,000. Kennedy Capital Management LLC increased its holdings in Ducommun by 60.9% in the 4th quarter. Kennedy Capital Management LLC now owns 273,517 shares of the aerospace company’s stock valued at $17,412,000 after buying an additional 103,570 shares during the period. Oberweis Asset Management Inc. bought a new stake in Ducommun in the fourth quarter valued at about $6,092,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Ducommun by 1,151.0% in the 4th quarter. JPMorgan Chase & Co. now owns 75,509 shares of the aerospace company’s stock valued at $4,807,000 after purchasing an additional 69,473 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

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.