Ducommun (NYSE:DCO) Sees Unusually-High Trading Volume

Ducommun Incorporated (NYSE:DCO - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 103,321 shares were traded during trading, a decline of 0% from the previous session's volume of 103,649 shares.The stock last traded at $57.60 and had previously closed at $55.86.

Analyst Upgrades and Downgrades

DCO has been the subject of a number of recent research reports. Truist Financial dropped their price objective on Ducommun from $69.00 to $65.00 and set a "buy" rating for the company in a research report on Friday, February 16th. Royal Bank of Canada reiterated an "outperform" rating and set a $60.00 price objective on shares of Ducommun in a research report on Friday, February 16th. Finally, B. Riley reiterated a "buy" rating and set a $72.00 price objective on shares of Ducommun in a research report on Friday, February 16th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $62.80.

Ducommun Stock Up 1.8 %

The firm has a market capitalization of $832.72 million, a price-to-earnings ratio of 49.46 and a beta of 1.28. The company has a current ratio of 2.99, a quick ratio of 1.91 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average price of $49.85 and a two-hundred day moving average price of $49.25.

Ducommun (NYSE:DCO - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The aerospace company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.11. The business had revenue of $192.23 million for the quarter, compared to analyst estimates of $193.24 million. Ducommun had a return on equity of 5.94% and a net margin of 2.10%. On average, equities analysts expect that Ducommun Incorporated will post 2.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ducommun

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its position in Ducommun by 197.1% during the 3rd quarter. FMR LLC now owns 621 shares of the aerospace company's stock worth $27,000 after acquiring an additional 412 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Ducommun in the 1st quarter valued at approximately $34,000. Tower Research Capital LLC TRC raised its position in shares of Ducommun by 116.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 655 shares of the aerospace company's stock valued at $36,000 after purchasing an additional 353 shares in the last quarter. Covestor Ltd raised its position in shares of Ducommun by 33.9% in the 3rd quarter. Covestor Ltd now owns 1,083 shares of the aerospace company's stock valued at $47,000 after purchasing an additional 274 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Ducommun by 658.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,927 shares of the aerospace company's stock valued at $100,000 after purchasing an additional 1,673 shares in the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

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.