Ducommun Incorporated (NYSE:DCO - Get Free Report) Director Robert C. Ducommun sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $69.50, for a total value of $69,500.00. Following the completion of the sale, the director now owns 409,900 shares in the company, valued at approximately $28,488,050. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ducommun Price Performance
Shares of NYSE:DCO opened at $63.56 on Friday. The company has a market cap of $939.42 million, a P/E ratio of 31.94 and a beta of 1.41. The company's fifty day moving average is $64.81 and its two-hundred day moving average is $62.38. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. Ducommun Incorporated has a 12-month low of $47.53 and a 12-month high of $70.50.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 12th. Truist Financial boosted their price objective on Ducommun from $71.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group upgraded shares of Ducommun from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $64.00 to $80.00 in a report on Tuesday, August 13th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $73.00.
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Read Our Latest Analysis on Ducommun
Hedge Funds Weigh In On Ducommun
Large investors have recently made changes to their positions in the business. Franklin Resources Inc. raised its holdings in shares of Ducommun by 13.4% during the 3rd quarter. Franklin Resources Inc. now owns 77,712 shares of the aerospace company's stock valued at $5,023,000 after purchasing an additional 9,187 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Ducommun during the 3rd quarter worth approximately $204,000. Geode Capital Management LLC increased its position in shares of Ducommun by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 310,704 shares of the aerospace company's stock worth $20,458,000 after purchasing an additional 1,610 shares in the last quarter. Barclays PLC raised its stake in shares of Ducommun by 137.2% in the third quarter. Barclays PLC now owns 53,382 shares of the aerospace company's stock valued at $3,514,000 after acquiring an additional 30,873 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in Ducommun by 140.4% in the third quarter. Jane Street Group LLC now owns 34,655 shares of the aerospace company's stock worth $2,281,000 after purchasing an additional 20,240 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company's stock.
Ducommun Company Profile
(
Get Free Report)
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.
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