On Thursday, an article was published on StockNews.com that marked the beginning of the website’s coverage of Ducommun.
Investors have been encouraged to “buy” the aerospace company’s stock, which received a “buy” recommendation.
As trading got underway on Thursday, the price of a share of Ducommun was $51.63 per share.
During the previous calendar year, the cost of a bottle of Ducommun fluctuated between $38.89 and $58.28, with a price of $58.28 serving as the overall average.
The moving average of the company’s stock price over the past 50 days is $55.15, and the moving average over the last 200 days is $49.44.
The current P/E ratio for the company is 22.06, and it has a beta value of 1.33.
The market capitalization of the company is currently $627.30 million.
The quick ratio is 1.79, the current ratio is 2.64, and the debt-to-equity ratio is 0.46.
All of these numbers are relative to the liquidity of the company.
These numbers should be interpreted in the context of the company’s liquidity.
Recent times have seen DCOs receive feedback from various well-known equity specialists, which has been a positive development.
Truist Financial announced on Monday, January 9, in a published research note.
They stated they were increasing their price objective on Ducommun from $58.00 to $65.00.
The Royal Bank of Canada gave the company an “outperform” rating in a research report published on Friday, December 9, and decreased their target price for Ducommun from $62.00 to $60.00.
In addition, the study mentioned that the company was rated as having an “outperform” status.
In other news, on Friday, December 16, Stephen G. Oswald, Chief Executive Officer of the company, sold 2,500 of the company’s shares of stock.
This event was reported in a press release.
The shares were sold at an average price of $48.03 each, which resulted in a total sale volume of stock worth $120,075.00.
The price per share was $48.03 x the number of shares sold. Following the conclusion of the transaction, the Chief Executive Officer now has direct ownership of 265,006 shares of the company’s stock, which together have an estimated value of $12,728,238.18.
If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately.
Employees of the corporation themselves own 10.80% of the company’s equity as individual shareholders.
Recently, institutional investors have changed the proportion of the company they own in their respective portfolios.
During the third quarter, Quadrant Capital Group LLC increased its holdings in Ducommun by an amount equal to 376.0% of the company’s total value.
After acquiring 549 shares during the most recent fiscal quarter, Quadrant Capital Group LLC now holds 695 shares of the aerospace company’s stock.
Each share of this company’s stock is currently worth $28,000.
During the third quarter, Lazard Asset Management LLC purchased a new investment in Ducommun for $28,000.
Lazard Asset Management LLC made this investment.
The proportion of Ducommun stock Allspring Global Investments Holdings LLC owns went up 104.6% during the third quarter due to this company’s recent acquisitions.
Allspring Global Investments Holdings LLC now has 1,465 shares of the aerospace company’s stock, valued at $58,000, after acquiring 749 additional shares during the preceding quarter.
This brings the total number of shares owned by the company to 1,465.
During the third quarter of 2018, Quantbot Technologies LP invested in a new holding totaling $63,000.
This investment was made in Ducommun.
Third, Manhattan Co increased the proportion of Ducommun stock owned by 59.5% during the third quarter. First Manhattan Co now has 3,350 shares of the aerospace company’s stock, valued at $132,000, after purchasing an additional 1,250 shares during the most recent quarter.
Institutions own the company’s equity to the tune of 83.61%.
The aerospace, defense, industrial, and medical industries are just some of the fields that benefit from the engineering and production services offered by Ducommun, INC The company provides its services to both the structural systems industry as well as the electronic systems industry.
The electrical and electromechanical goods produced by companies that operate in the Electronic Systems sector and are offered for sale are utilized in various global markets that are predominantly influenced by technological developments.