Ducommun (NYSE:DCO) Upgraded by StockNews.com to Strong-Buy Rating

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.

Several other equities research analysts have also recently weighed in on the company. Truist Financial upped their price target on 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 initiated coverage on Ducommun in a research report on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 price target for the company.

Ducommun Price Performance

Shares of DCO stock opened at $58.60 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21. The firm has a market cap of $871.02 million, a P/E ratio of 29.45 and a beta of 1.56. The business’s 50 day moving average price is $62.75 and its 200-day moving average price is $63.86. Ducommun has a fifty-two week low of $48.21 and a fifty-two week high of $70.50.

Hedge Funds Weigh In On Ducommun

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DCO. Wellington Management Group LLP purchased a new position in shares of Ducommun in the third quarter worth $8,990,000. Gibson Capital LLC bought a new stake in Ducommun in the 4th quarter worth about $6,763,000. Raymond James Financial Inc. purchased a new position in Ducommun in the 4th quarter worth about $6,737,000. Kennedy Capital Management LLC lifted its stake 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. Finally, Oberweis Asset Management Inc. purchased a new stake in shares of Ducommun during the 4th quarter valued at about $6,092,000. 92.15% of the stock is owned by institutional investors.

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.