Ingalls & Snyder LLC Decreases Stake in Ducommun Incorporated (NYSE:DCO)

Ingalls & Snyder LLC cut its holdings in Ducommun Incorporated (NYSE:DCO) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,842 shares of the aerospace company’s stock after selling 6,538 shares during the quarter. Ingalls & Snyder LLC’s holdings in Ducommun were worth $4,701,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in shares of Ducommun by 0.5% in the third quarter. Geode Capital Management LLC now owns 310,704 shares of the aerospace company’s stock valued at $20,458,000 after buying an additional 1,610 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Ducommun during the third quarter worth $8,990,000. Diamond Hill Capital Management Inc. boosted its position in Ducommun by 15.7% during the third quarter. Diamond Hill Capital Management Inc. now owns 130,384 shares of the aerospace company’s stock worth $8,583,000 after purchasing an additional 17,720 shares in the last quarter. Franklin Resources Inc. boosted its position in Ducommun by 13.4% during the third quarter. Franklin Resources Inc. now owns 77,712 shares of the aerospace company’s stock worth $5,023,000 after purchasing an additional 9,187 shares in the last quarter. Finally, Barclays PLC boosted its position in Ducommun by 137.2% during the third quarter. Barclays PLC now owns 53,382 shares of the aerospace company’s stock worth $3,514,000 after purchasing an additional 30,873 shares in the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on DCO. StockNews.com upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Truist Financial boosted their target price on Ducommun from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada started coverage on Ducommun in a research report on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 price objective on the stock. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ducommun has an average rating of “Buy” and a consensus price target of $76.50.

Insider Activity at Ducommun

In related news, Director Robert C. Ducommun sold 1,000 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $69.50, for a total value of $69,500.00. Following the completion of the transaction, the director now directly owns 409,900 shares in the company, valued at approximately $28,488,050. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 8.80% of the company’s stock.

Ducommun Stock Down 3.0 %

Shares of NYSE:DCO opened at $64.64 on Thursday. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. Ducommun Incorporated has a 52-week low of $47.53 and a 52-week high of $70.50. The stock’s fifty day simple moving average is $65.40 and its 200-day simple moving average is $64.60. The company has a market capitalization of $955.38 million, a P/E ratio of 32.48 and a beta of 1.40.

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.