Ducommun Incorporated (NYSE:DCO) Stock Position Lifted by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its stake in shares of Ducommun Incorporated (NYSE:DCO) by 14.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,598 shares of the aerospace company’s stock after purchasing an additional 2,570 shares during the quarter. GSA Capital Partners LLP’s holdings in Ducommun were worth $1,356,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of DCO. Diamond Hill Capital Management Inc. raised its position in shares of Ducommun by 15.7% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 130,384 shares of the aerospace company’s stock worth $8,583,000 after buying an additional 17,720 shares in the last quarter. Van ECK Associates Corp raised its holdings in Ducommun by 44.5% during the third quarter. Van ECK Associates Corp now owns 6,616 shares of the aerospace company’s stock worth $411,000 after purchasing an additional 2,038 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Ducommun by 27.9% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 11,182 shares of the aerospace company’s stock worth $736,000 after purchasing an additional 2,436 shares during the period. Eastern Bank bought a new position in Ducommun during the 3rd quarter valued at $118,000. Finally, Oliver Luxxe Assets LLC increased its position in shares of Ducommun by 111.5% during the 3rd 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 period. Institutional investors and hedge funds own 92.15% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Stephen G. Oswald sold 1,200 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 341,151 shares in the company, valued at $22,625,134.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.80% of the company’s stock.

Ducommun Trading Down 0.6 %

Shares of DCO opened at $67.73 on Thursday. The business’s 50-day moving average price is $64.02 and its 200 day moving average price is $61.20. The company has a current ratio of 3.21, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $1.00 billion, a P/E ratio of 34.12 and a beta of 1.39. Ducommun Incorporated has a 1-year low of $47.53 and a 1-year high of $70.04.

Analyst Upgrades and Downgrades

DCO has been the subject of several research reports. Truist Financial raised their target price on Ducommun from $71.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, November 8th. StockNews.com upgraded shares of Ducommun from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group upgraded shares of Ducommun from a “neutral” rating to a “buy” rating and raised their target price for the stock from $64.00 to $80.00 in a report on Tuesday, August 13th. Four investment 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, the stock has a consensus rating of “Buy” and an average price target of $73.00.

Ducommun 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.