Ducommun (NYSE:DCO) Downgraded to "Buy" Rating by StockNews.com

StockNews.com downgraded shares of Ducommun (NYSE:DCO - Free Report) from a strong-buy rating to a buy rating in a report issued on Tuesday morning.

Several other analysts have also recently weighed in on the stock. Truist Financial upped their price objective on shares of Ducommun from $80.00 to $82.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Royal Bank of Canada began coverage on Ducommun in a report on Tuesday, December 31st. They issued an "outperform" rating and a $72.00 target price on the stock.

Ducommun Price Performance

Shares of NYSE:DCO traded up $0.10 on Tuesday, hitting $56.51. The stock had a trading volume of 105,017 shares, compared to its average volume of 77,079. The firm's 50 day moving average price is $58.67 and its 200-day moving average price is $62.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21. Ducommun has a twelve month low of $51.76 and a twelve month high of $70.50. The company has a market capitalization of $839.83 million, a price-to-earnings ratio of 28.39 and a beta of 1.27.

Institutional Investors Weigh In On Ducommun

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC increased its holdings in shares of Ducommun by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 386 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in Ducommun in the 4th quarter valued at $32,000. Venturi Wealth Management LLC increased its stake in shares of Ducommun by 833.3% in the 4th quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company's stock valued at $46,000 after buying an additional 650 shares during the period. Virtus Fund Advisers LLC acquired a new stake in shares of Ducommun in the 4th quarter valued at $78,000. Finally, US Bancorp DE lifted its stake in shares of Ducommun by 49.9% during the fourth quarter. US Bancorp DE now owns 1,327 shares of the aerospace company's stock valued at $84,000 after acquiring an additional 442 shares during the period. Institutional investors and hedge funds 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.