Centiva Capital LP Trims Stock Holdings in Ducommun Incorporated (NYSE:DCO)

Centiva Capital LP lowered its position in shares of Ducommun Incorporated (NYSE:DCO) by 26.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,020 shares of the aerospace company’s stock after selling 1,476 shares during the quarter. Centiva Capital LP’s holdings in Ducommun were worth $265,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. RDST Capital LLC boosted 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 worth $31,369,000 after acquiring an additional 77,595 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in Ducommun by 70.4% during the 2nd 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. Gabelli Funds LLC grew its position in Ducommun by 26.8% during the 2nd quarter. Gabelli Funds LLC now owns 78,929 shares of the aerospace company’s stock valued at $4,583,000 after purchasing an additional 16,674 shares during the last quarter. FMR LLC increased its stake in Ducommun by 46.1% during the 3rd quarter. FMR LLC now owns 44,331 shares of the aerospace company’s stock valued at $2,918,000 after purchasing an additional 13,989 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Ducommun in the second quarter worth about $774,000. Institutional investors own 92.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DCO. StockNews.com upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Truist Financial increased their price objective on shares of Ducommun from $71.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ducommun currently has a consensus rating of “Buy” and an average price target of $73.00.

Insider Buying and Selling

In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $69.50, for a total transaction of $69,500.00. Following the transaction, the director now directly owns 409,900 shares in the company, valued at $28,488,050. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Stephen G. Oswald sold 1,200 shares of the stock in a transaction dated Friday, September 20th. The stock was 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 approximately $22,625,134.32. The trade was a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.80% of the stock is owned by corporate insiders.

Ducommun Stock Performance

Ducommun stock opened at $66.05 on Thursday. The company has a market cap of $976.08 million, a PE ratio of 33.19 and a beta of 1.41. Ducommun Incorporated has a twelve month low of $47.53 and a twelve month high of $70.50. The company’s 50-day moving average price is $64.63 and its 200-day moving average price is $62.52. 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 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.