Ducommun (NYSE:DCO) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Ducommun Incorporated (NYSE:DCO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $64.19 and traded as high as $69.09. Ducommun shares last traded at $68.60, with a volume of 69,656 shares.

Analyst Ratings Changes

Several equities research analysts have commented on 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 note on Tuesday, January 14th. Royal Bank of Canada assumed coverage on Ducommun in a research note on Tuesday, December 31st. They set an “outperform” rating and a $72.00 price objective for the company. Finally, StockNews.com upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $76.50.

Ducommun Stock Performance

The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 34.47 and a beta of 1.42. The stock’s 50 day moving average is $65.08 and its 200 day moving average is $64.19. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling

In other news, Director Robert C. Ducommun sold 1,000 shares of Ducommun stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $69.50, for a total transaction of $69,500.00. Following the sale, the director now owns 409,900 shares in the company, valued at $28,488,050. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 8.80% of the company’s stock.

Institutional Trading of Ducommun

Hedge funds have recently made changes to their positions in the stock. Central Pacific Bank Trust Division acquired a new position in Ducommun in the fourth quarter worth $32,000. Point72 DIFC Ltd grew its position in shares of Ducommun by 591.2% during the third quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company’s stock worth $52,000 after acquiring an additional 674 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Ducommun during the third quarter worth about $80,000. R Squared Ltd bought a new position in shares of Ducommun during the fourth quarter worth about $87,000. Finally, Eastern Bank bought a new position in shares of Ducommun during the third quarter worth about $118,000. 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.