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

Shares of 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.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DCO shares. StockNews.com raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Truist Financial upped their price target on shares of Ducommun from $80.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, Royal Bank of Canada started coverage on shares of Ducommun in a report on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 price target for the company. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $76.50.

Ducommun Stock Up 0.8 %

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

Insider Buying and Selling

In other news, Director Robert C. Ducommun sold 1,000 shares of Ducommun stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $69.50, for a total transaction of $69,500.00. Following the transaction, the director now owns 409,900 shares in the company, valued at $28,488,050. The trade was a 0.24 % decrease in their position. 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 Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. increased its holdings in shares of Ducommun by 10.4% during the 2nd quarter. American Century Companies Inc. now owns 22,020 shares of the aerospace company’s stock worth $1,278,000 after acquiring an additional 2,079 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Ducommun in the 2nd quarter valued at $774,000. Algert Global LLC boosted its stake in Ducommun by 12.1% in the 2nd quarter. Algert Global LLC now owns 21,355 shares of the aerospace company’s stock valued at $1,240,000 after purchasing an additional 2,301 shares during the period. SG Americas Securities LLC bought a new stake in Ducommun in the 3rd quarter valued at $213,000. Finally, Inspire Investing LLC boosted its stake in Ducommun by 3.3% in the 3rd quarter. Inspire Investing LLC now owns 6,296 shares of the aerospace company’s stock valued at $414,000 after purchasing an additional 201 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.