Ducommun Incorporated (NYSE:DCO) Shares Sold by Phocas Financial Corp.

Phocas Financial Corp. trimmed its holdings in shares of Ducommun Incorporated (NYSE:DCO) by 5.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,363 shares of the aerospace company’s stock after selling 3,169 shares during the period. Phocas Financial Corp. owned 0.35% of Ducommun worth $3,381,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. RDST Capital LLC grew its position in shares of Ducommun by 16.8% during the second quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock worth $31,369,000 after acquiring an additional 77,595 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Ducommun by 70.4% during the second quarter. Diamond Hill Capital Management Inc. now owns 112,664 shares of the aerospace company’s stock valued at $6,541,000 after buying an additional 46,544 shares during the last quarter. Oliver Luxxe Assets LLC boosted its position in shares of Ducommun by 111.5% during the third quarter. Oliver Luxxe Assets LLC now owns 20,304 shares of the aerospace company’s stock worth $1,337,000 after buying an additional 10,702 shares during the period. Easterly Investment Partners LLC acquired a new position in Ducommun during the 2nd quarter valued at about $656,000. Finally, Vanguard Group Inc. lifted its stake in shares of Ducommun by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 746,879 shares of the aerospace company’s stock worth $38,315,000 after acquiring an additional 6,869 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Ducommun Price Performance

DCO opened at $66.33 on Tuesday. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37. Ducommun Incorporated has a 1 year low of $47.53 and a 1 year high of $70.04. The stock has a fifty day moving average price of $64.33 and a 200 day moving average price of $61.48. The stock has a market cap of $980.36 million, a price-to-earnings ratio of 33.33 and a beta of 1.39.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DCO shares. The Goldman Sachs Group raised Ducommun from a “neutral” rating to a “buy” rating and increased their price target for the company from $64.00 to $80.00 in a research note on Tuesday, August 13th. Truist Financial upped their price objective on shares of Ducommun from $71.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, StockNews.com raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ducommun currently has a consensus rating of “Buy” and a consensus price target of $73.00.

Insider Activity

In other news, CEO Stephen G. Oswald sold 1,200 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $66.32, for a total transaction of $79,584.00. Following the transaction, the chief executive officer now owns 341,151 shares in the company, valued at $22,625,134.32. This represents a 0.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.80% of the stock is owned by corporate insiders.

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.