Truist Financial Issues Pessimistic Forecast for Ducommun (NYSE:DCO) Stock Price

Ducommun (NYSE:DCO) had its price objective reduced by Truist Financial from $82.00 to $70.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

A number of other analysts have also weighed in on the stock. 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. StockNews.com downgraded Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

Ducommun Trading Up 0.2 %

DCO opened at $56.51 on Thursday. Ducommun has a 1-year low of $51.39 and a 1-year high of $70.50. The stock has a market capitalization of $839.83 million, a PE ratio of 28.39 and a beta of 1.27. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $58.87 and a two-hundred day moving average price of $62.93.

Institutional Trading of Ducommun

Institutional investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL boosted its position in shares of Ducommun by 2.1% in the 4th quarter. Gamco Investors INC. ET AL now owns 581,706 shares of the aerospace company’s stock worth $37,031,000 after purchasing an additional 11,834 shares during the last quarter. Royal Bank of Canada lifted its stake in Ducommun by 8.1% in the fourth quarter. Royal Bank of Canada now owns 361,373 shares of the aerospace company’s stock valued at $23,005,000 after buying an additional 27,068 shares during the period. Geode Capital Management LLC boosted its holdings in Ducommun by 0.5% during the third quarter. Geode Capital Management LLC now owns 310,704 shares of the aerospace company’s stock worth $20,458,000 after buying an additional 1,610 shares during the last quarter. Kennedy Capital Management LLC grew its position in shares of Ducommun by 60.9% during the 4th quarter. Kennedy Capital Management LLC now owns 273,517 shares of the aerospace company’s stock worth $17,412,000 after buying an additional 103,570 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in shares of Ducommun by 4.4% in the 4th quarter. First Eagle Investment Management LLC now owns 253,087 shares of the aerospace company’s stock valued at $16,112,000 after acquiring an additional 10,700 shares during the last quarter. 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.