Eagle Asset Management Inc. reduced its position in Ducommun Incorporated (NYSE:DCO – Free Report) by 27.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,254 shares of the aerospace company’s stock after selling 26,418 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.47% of Ducommun worth $4,715,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RDST Capital LLC increased its holdings in Ducommun by 16.8% in the second quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock valued at $31,369,000 after buying an additional 77,595 shares during the last quarter. Diamond Hill Capital Management Inc. grew 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 purchasing an additional 46,544 shares during the last quarter. Oliver Luxxe Assets LLC grew its holdings 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 valued at $1,337,000 after purchasing an additional 10,702 shares during the last quarter. Easterly Investment Partners LLC bought a new position in shares of Ducommun during the second quarter valued at approximately $656,000. Finally, Vanguard Group Inc. grew its holdings in shares of Ducommun by 0.9% during the first quarter. Vanguard Group Inc. now owns 746,879 shares of the aerospace company’s stock valued at $38,315,000 after purchasing an additional 6,869 shares during the last quarter. 92.15% of the stock is owned by institutional investors.
Analyst Ratings Changes
DCO has been the subject of several recent research reports. The Goldman Sachs Group raised Ducommun from a “neutral” rating to a “buy” rating and upped their target price for the company from $64.00 to $80.00 in a report on Tuesday, August 13th. StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Finally, Truist Financial boosted their price objective on Ducommun from $71.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $73.00.
Ducommun Stock Performance
Shares of NYSE DCO opened at $66.28 on Monday. 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 stock has a 50 day simple moving average of $64.54 and a 200-day simple moving average of $61.79. The company has a market cap of $979.55 million, a PE ratio of 33.31 and a beta of 1.39. Ducommun Incorporated has a 12-month low of $47.53 and a 12-month high of $70.04.
Insider Transactions at Ducommun
In other Ducommun news, CEO Stephen G. Oswald sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $66.32, for a total value of $79,584.00. Following the completion of the sale, the chief executive officer now directly owns 341,151 shares in the company, valued at $22,625,134.32. This represents a 0.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 8.80% 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.
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